World - Non-Silver Precious Metal Articles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Silver Precious Metal Non-Jewelry Article Market
The global market for non-silver precious metal non-jewelry articles is projected to grow with a CAGR of +2.7% in volume and +5.0% in value from 2022 to 2030. The market saw remarkable expansion in consumption to 501 tons in 2022, with India leading in both consumption and production. Production, exports, and imports also showed fluctuations over the analyzed period, with Taiwan (Chinese) being a significant player in terms of value. The average import price remained stable, while the average export price saw a moderate expansion.
Market Forecast
Driven by increasing demand for non-silver precious metal non-jewelry articles worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +2.7% for the period from 2022 to 2030, which is projected to bring the market volume to 621 tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +5.0% for the period from 2022 to 2030, which is projected to bring the market value to $6.9B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Non-Silver Precious Metal Non-Jewelry Articles
Global non-silver precious metal non-jewelry article consumption expanded remarkably to 501 tons in 2022, with an increase of 5.5% against the year before. The total consumption volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, global consumption hit record highs at 553 tons in 2017; however, from 2018 to 2022, consumption failed to regain momentum.
The value of the market for non-silver precious metal non-jewelry articles worldwide fell to $4.7B in 2022, shrinking by -7.6% 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). The market value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $5.1B in 2021, and then contracted in the following year.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were India (162 tons), China (107 tons) and South Africa (48 tons), with a combined 63% share of global consumption.
From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +36.9%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, India ($2.4B) led the market, alone. The second position in the ranking was taken by China ($846M). It was followed by the United Arab Emirates.
In India, the non-silver precious metal non-jewelry article market increased at an average annual rate of +40.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (+0.7% per year) and the United Arab Emirates (-22.8% per year).
In 2022, the highest levels of non-silver precious metal non-jewelry article per capita consumption was registered in Denmark (4,754 kg per million persons), followed by the United Arab Emirates (902 kg per million persons), South Africa (795 kg per million persons) and France (444 kg per million persons), while the world average per capita consumption of non-silver precious metal non-jewelry article was estimated at 64 kg per million persons.
From 2012 to 2022, the average annual growth rate of the non-silver precious metal non-jewelry article per capita consumption in Denmark was relatively modest. In the other countries, the average annual rates were as follows: the United Arab Emirates (-23.4% per year) and South Africa (+0.9% per year).
Production
World Production of Non-Silver Precious Metal Non-Jewelry Articles
In 2022, approx. 494 tons of non-silver precious metal non-jewelry articles were produced worldwide; increasing by 1.8% on 2021 figures. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 9.9% against the previous year. Global production peaked at 547 tons in 2020; however, from 2021 to 2022, production failed to regain momentum.
In value terms, non-silver precious metal non-jewelry article production reduced to $4.6B in 2022 estimated in export price. In general, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -33.2% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 31%. Global production peaked at $6.9B in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were India (164 tons), China (120 tons) and South Africa (45 tons), with a combined 67% share of global production.
From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by South Africa (with a CAGR of +1.4%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Non-Silver Precious Metal Non-Jewelry Articles
In 2022, overseas purchases of non-silver precious metal non-jewelry articles increased by 89% to 87 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a abrupt decrease. Over the period under review, global imports attained the peak figure at 182 tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.
In value terms, non-silver precious metal non-jewelry article imports skyrocketed to $603M in 2022. In general, imports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2016 with an increase of 88%. Over the period under review, global imports reached the maximum at $1.5B in 2012; however, from 2013 to 2022, imports remained at a lower figure.
Imports By Country
France represented the key importing country with an import of about 30 tons, which finished at 34% of total imports. Qatar (6.4 tons) took the second position in the ranking, followed by Bahrain (5.5 tons), Singapore (5.3 tons), Taiwan (Chinese) (5.3 tons) and South Africa (4.1 tons). All these countries together took near 31% share of total imports. Hong Kong SAR (2.8 tons), Ethiopia (2.7 tons), the United States (2.5 tons), the United Arab Emirates (2.3 tons), the UK (1.9 tons), Switzerland (1.9 tons) and Denmark (1.5 tons) followed a long way behind the leaders.
Imports into France increased at an average annual rate of +7.7% from 2012 to 2022. At the same time, Ethiopia (+120.0%), the United States (+34.5%), Hong Kong SAR (+29.1%), Bahrain (+21.6%), Qatar (+19.4%), Denmark (+12.0%), South Africa (+5.9%), Taiwan (Chinese) (+2.9%) and Singapore (+1.0%) displayed positive paces of growth. Moreover, Ethiopia emerged as the fastest-growing importer imported in the world, with a CAGR of +120.0% from 2012-2022. By contrast, the UK (-1.9%), Switzerland (-17.7%) and the United Arab Emirates (-32.4%) illustrated a downward trend over the same period. While the share of France (+26 p.p.), Qatar (+6.8 p.p.), Bahrain (+5.9 p.p.), Taiwan (Chinese) (+3.9 p.p.), Singapore (+3.5 p.p.), South Africa (+3.5 p.p.), Hong Kong SAR (+3.1 p.p.), Ethiopia (+3.1 p.p.) and the United States (+2.8 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Switzerland (-5.1 p.p.) and the United Arab Emirates (-62.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Taiwan (Chinese) ($174M), Hong Kong SAR ($167M) and the United Arab Emirates ($36M) were the countries with the highest levels of imports in 2022, with a combined 63% share of global imports.
Among the main importing countries, Taiwan (Chinese), with a CAGR of +35.3%, recorded the highest rates of growth with regard to 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
The average import price for non-silver precious metal non-jewelry articles stood at $6,925 per kg in 2022, approximately equating the previous year. In general, the import price recorded a slight descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by 67%. Global import price peaked at $8,150 per kg in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($60,146 per kg), while Ethiopia ($16 per kg) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+31.5%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Non-Silver Precious Metal Non-Jewelry Articles
In 2022, the amount of non-silver precious metal non-jewelry articles exported worldwide surged to 80 tons, rising by 42% on the year before. Overall, exports, however, continue to indicate a deep downturn. Over the period under review, the global exports hit record highs at 236 tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.
In value terms, non-silver precious metal non-jewelry article exports skyrocketed to $692M in 2022. Over the period under review, exports, however, recorded a deep contraction. The growth pace was the most rapid in 2019 with an increase of 259%. The global exports peaked at $2.4B in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
Exports By Country
Myanmar was the major exporting country with an export of about 28 tons, which amounted to 35% of total exports. China (14 tons) ranks second in terms of the total exports with a 17% share, followed by the Netherlands (9.7%) and Italy (4.6%). Taiwan (Chinese) (3.5 tons), Japan (2.1 tons), France (2 tons), India (1.9 tons), Turkey (1.6 tons) and Brazil (1.3 tons) followed a long way behind the leaders.
Myanmar was also the fastest-growing in terms of the non-silver precious metal non-jewelry articles exports, with a CAGR of +92.6% from 2012 to 2022. At the same time, the Netherlands (+39.0%), Turkey (+27.7%), Brazil (+22.7%), France (+7.3%) and China (+2.1%) displayed positive paces of growth. By contrast, Japan (-4.7%), Italy (-6.5%), Taiwan (Chinese) (-16.0%) and India (-35.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Myanmar, China, the Netherlands, France, Turkey, Brazil and Italy increased by +35, +13, +9.5, +2.1, +2, +1.6 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Taiwan (Chinese) ($187M), China ($181M) and Japan ($53M) were the countries with the highest levels of exports in 2022, together comprising 61% of global exports. Italy, India, Turkey, France, Myanmar, the Netherlands and Brazil lagged somewhat behind, together comprising a further 14%.
Myanmar, with a CAGR of +48.3%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries 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 export price for non-silver precious metal non-jewelry articles amounted to $8,652 per kg, rising by 9% against the previous year. Overall, the export price continues to indicate a temperate expansion. The growth pace was the most rapid in 2019 an increase of 176%. The global export price peaked at $19,135 per kg in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($52,853 per kg), while Myanmar ($76 per kg) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+56.0%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for non-silver precious metal 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 32121353 - 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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