World - Articles Of Goldsmiths’ Or Silversmiths’ Wares Of Silver - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSilver Goldsmiths Non-Jewelry Article Market
The global market for silver goldsmiths non-jewelry articles is projected to see growth in both volume and value terms, with an anticipated CAGR of +0.6% in volume and +2.6% in value over the period from 2022 to 2030. Consumption levels have varied over the years, with peaks in 2019 and declines in 2021 and 2022. China, the United States, and India are the top countries in terms of consumption and production, driving the global market trends.
Market Forecast
Driven by increasing demand for silver goldsmiths non-jewelry articles worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.6% for the period from 2022 to 2030, which is projected to bring the market volume to 2.6K tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +2.6% for the period from 2022 to 2030, which is projected to bring the market value to $2.6B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Silver Goldsmiths Non-Jewelry Articles
In 2022, approx. 2.5K tons of silver goldsmiths non-jewelry articles were consumed worldwide; with a decrease of -3.8% compared with 2021. In general, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 9.7%. Global consumption peaked at 2.6K tons in 2021, and then fell slightly in the following year.
The global silver goldsmiths non-jewelry article market revenue contracted to $2.1B in 2022, shrinking by -7.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the global market reached the peak level at $2.3B in 2021, and then contracted in the following year.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (502 tons), the United States (309 tons) and India (201 tons), together comprising 40% of global consumption. Brazil, Indonesia, Japan, Russia, Turkey, Mexico, Egypt and Iran lagged somewhat behind, together accounting for a further 20%.
From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +3.5%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest silver goldsmiths non-jewelry article markets worldwide were China ($449M), the United States ($262M) and India ($177M), with a combined 42% share of the global market. Russia, Japan, Brazil, Mexico, Turkey, Egypt, Iran and Indonesia lagged somewhat behind, together accounting for a further 17%.
Indonesia, with a CAGR of +4.0%, recorded the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of silver goldsmiths non-jewelry article per capita consumption in 2022 were the United States (923 kg per million persons), Turkey (746 kg per million persons) and Japan (552 kg per million persons).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Russia (with a CAGR of +3.4%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Silver Goldsmiths Non-Jewelry Articles
In 2022, global production of silver goldsmiths non-jewelry articles dropped modestly to 2.5K tons, shrinking by -3.3% compared with 2021 figures. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by 10%. Over the period under review, global production hit record highs at 2.6K tons in 2021, and then dropped modestly in the following year.
In value terms, silver goldsmiths non-jewelry article production declined to $2.1B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 14% against the previous year. Global production peaked at $2.3B in 2021, and then shrank in the following year.
Production By Country
China (585 tons) remains the largest silver goldsmiths non-jewelry article producing country worldwide, comprising approx. 23% of total volume. Moreover, silver goldsmiths non-jewelry article production in China exceeded the figures recorded by the second-largest producer, the United States (240 tons), twofold. The third position in this ranking was taken by India (212 tons), with an 8.4% share.
In China, silver goldsmiths non-jewelry article production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: the United States (+1.2% per year) and India (-0.1% per year).
Imports
World Imports of Silver Goldsmiths Non-Jewelry Articles
In 2022, overseas purchases of silver goldsmiths non-jewelry articles increased by 6.1% to 336 tons, rising for the second consecutive year after two years of decline. In general, imports, however, recorded a pronounced decline. The growth pace was the most rapid in 2021 when imports increased by 12%. Global imports peaked at 437 tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.
In value terms, silver goldsmiths non-jewelry article imports stood at $199M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. Over the period under review, global imports attained the peak figure at $218M in 2012; however, from 2013 to 2022, imports failed to regain momentum.
Imports By Country
The United States represented the key importing country with an import of about 78 tons, which amounted to 23% of total imports. Israel (25 tons) took the second position in the ranking, followed by the UK (23 tons), France (22 tons), Taiwan (Chinese) (19 tons) and Spain (16 tons). All these countries together took approx. 31% share of total imports. The following importers - Turkey (13 tons), Australia (9.4 tons), Sweden (8.6 tons), Italy (7.6 tons), Switzerland (7.6 tons), the United Arab Emirates (7 tons) and South Korea (5.6 tons) - together made up 18% of total imports.
Imports into the United States increased at an average annual rate of +11.6% from 2012 to 2022. At the same time, Israel (+33.3%), Turkey (+32.8%), Sweden (+19.1%) and South Korea (+5.0%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in the world, with a CAGR of +33.3% from 2012-2022. France experienced a relatively flat trend pattern. By contrast, Italy (-2.3%), Switzerland (-3.8%), Taiwan (Chinese) (-4.9%), Spain (-6.4%), the UK (-8.0%), Australia (-11.6%) and the United Arab Emirates (-15.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States, Israel, Turkey, Sweden and France increased by +17, +7.2, +3.7, +2.2 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest silver goldsmiths non-jewelry article importing markets worldwide were the United States ($46M), Israel ($30M) and Turkey ($9.1M), with a combined 43% share of global imports.
Among the main importing countries, Turkey, with a CAGR of +33.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
In 2022, the average silver goldsmiths non-jewelry article import price amounted to $593,628 per ton, dropping by -4.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2021 an increase of 13% against the previous year. As a result, import price attained the peak level of $621,215 per ton, and then fell modestly in the following year.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($1,205,928 per ton), while Spain ($86,528 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+20.7%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Silver Goldsmiths Non-Jewelry Articles
In 2022, shipments abroad of silver goldsmiths non-jewelry articles increased by 10% to 349 tons, rising for the third consecutive year after seven years of decline. In general, exports, however, recorded a slight downturn. The global exports peaked at 415 tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.
In value terms, silver goldsmiths non-jewelry article exports totaled $252M in 2022. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 17% against the previous year. The global exports peaked in 2022 and are likely to continue growth in the near future.
Exports By Country
In 2022, China (87 tons), distantly followed by the UK (42 tons), Italy (38 tons), Turkey (25 tons) and France (21 tons) were the main exporters of silver goldsmiths non-jewelry articles, together mixing up 61% of total exports. Israel (14 tons), India (14 tons), Germany (13 tons), Denmark (11 tons), the United States (9 tons), Albania (7.6 tons), Japan (7.4 tons) and Taiwan (Chinese) (7.3 tons) followed a long way behind the leaders.
From 2012 to 2022, average annual rates of growth with regard to silver goldsmiths non-jewelry article exports from China stood at +4.5%. At the same time, Turkey (+30.6%), Albania (+23.1%), India (+20.8%), Japan (+2.9%), Denmark (+2.3%) and France (+2.2%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +30.6% from 2012-2022. The United States experienced a relatively flat trend pattern. By contrast, the UK (-1.2%), Germany (-1.5%), Italy (-3.9%), Taiwan (Chinese) (-4.3%) and Israel (-5.2%) illustrated a downward trend over the same period. China (+11 p.p.), Turkey (+6.6 p.p.), India (+3.5 p.p.), Albania (+1.9 p.p.) and France (+1.9 p.p.) significantly strengthened its position in terms of the global exports, while Israel and Italy saw its share reduced by -1.8% and -2.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest silver goldsmiths non-jewelry article supplying countries worldwide were China ($75M), Italy ($41M) and Turkey ($17M), with a combined 53% share of global exports.
In terms of the main exporting countries, Turkey, with a CAGR of +26.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
In 2022, the average silver goldsmiths non-jewelry article export price amounted to $721,047 per ton, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2013 when the average export price increased by 10% against the previous year. Over the period under review, the average export prices reached the maximum at $731,987 per ton in 2021, and then shrank slightly in the following year.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($1,106,016 per ton), while the UK ($270,554 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.0%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for silver goldsmiths non-jewelry article. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32121351 - Articles of goldsmiths
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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