Eastern Europe: Market for Silver Goldsmiths Non-Jewelry Articles 2024

Market Size for Silver Goldsmiths Non-Jewelry Articles in Eastern Europe

The East European silver goldsmiths non-jewelry article market expanded notably to $X in 2023, increasing by X% against the previous year. The total consumption indicated a temperate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Silver Goldsmiths Non-Jewelry Articles in Eastern Europe

In value terms, silver goldsmiths non-jewelry article production surged to $X in 2023 estimated in export price. The total production indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Silver Goldsmiths Non-Jewelry Articles

Exports in Eastern Europe

Silver goldsmiths non-jewelry article exports contracted to X tons in 2023, remaining stable against 2022. Overall, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2023, the growth of the exports failed to regain momentum.

In value terms, silver goldsmiths non-jewelry article exports expanded remarkably to $X in 2023. In general, exports saw a perceptible descent. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, Poland (X tons) was the largest exporter of silver goldsmiths non-jewelry articles, making up X% of total exports. Russia (X kg) held the second position in the ranking, followed by Estonia (X kg) and the Czech Republic (X kg). All these countries together took approx. X% share of total exports. Slovakia (X kg), Lithuania (X kg) and Latvia (X kg) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to silver goldsmiths non-jewelry article exports from Poland stood at X%. At the same time, Latvia (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Russia (X%), Lithuania (X%), Estonia (X%) and Slovakia (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.), the Czech Republic (X p.p.), Russia (X p.p.) and Latvia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Estonia (X p.p.) and Slovakia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest silver goldsmiths non-jewelry article supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports. It was followed by Estonia, with a X% share.

In Poland, silver goldsmiths non-jewelry article exports remained relatively stable over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (X% per year) and Estonia (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X,296 per ton in 2023, surging by X% against the previous year. Export price indicated a notable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X,064 per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Russia ($X,401 per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the other leaders experienced more modest paces of growth.

Imports of Silver Goldsmiths Non-Jewelry Articles

Imports in Eastern Europe

In 2023, imports of silver goldsmiths non-jewelry articles in Eastern Europe reduced notably to X tons, waning by X% compared with 2022. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2023, the growth of imports remained at a lower figure.

In value terms, silver goldsmiths non-jewelry article imports dropped to $X in 2023. Overall, imports recorded a mild setback. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Poland (X tons) and Romania (X tons) were the key importers of silver goldsmiths non-jewelry articles in Eastern Europe, together accounting for near X% of total imports. It was distantly followed by Russia (X kg) and Belarus (X kg), together making up an X% share of total imports. The following importers - Latvia (X kg), the Czech Republic (X kg) and Slovakia (X kg) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Romania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest silver goldsmiths non-jewelry article importing markets in Eastern Europe were Poland ($X), Romania ($X) and the Czech Republic ($X), with a combined X% share of total imports.

Among the main importing countries, Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X,361 per ton, rising by X% against the previous year. Overall, the import price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Over the period under review, import prices hit record highs in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X,437 per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform