Europe: Market for Non-Silver Precious Metal Non-Jewelry Articles 2024

Market Size for Non-Silver Precious Metal Non-Jewelry Articles in Europe

In 2023, after four years of growth, there was significant decline in the Europe market for non-silver precious metal non-jewelry articles, when its value decreased by X% to $X. Over the period under review, consumption saw a modest expansion. Over the period under review, the market attained the peak level at $X in 2022, and then fell sharply in the following year.

Production of Non-Silver Precious Metal Non-Jewelry Articles in Europe

In value terms, non-silver precious metal non-jewelry article production reduced dramatically to $X in 2023 estimated in export price. Overall, production showed a prominent expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2022, and then contracted remarkably in the following year.

Exports of Non-Silver Precious Metal Non-Jewelry Articles

Exports in Europe

In 2023, overseas shipments of non-silver precious metal non-jewelry articles decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, exports continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2016 to 2023, the growth of the exports remained at a lower figure.

In value terms, non-silver precious metal non-jewelry article exports expanded rapidly to $X in 2023. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, the Netherlands (X tons) was the largest exporter of non-silver precious metal non-jewelry articles, committing X% of total exports. Italy (X tons) ranks second in terms of the total exports with a X% share, followed by Spain (X%), the UK (X%) and France (X%). The following exporters - Switzerland (X kg) and Germany (X kg) - each resulted at a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Switzerland ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports. The UK, France, the Netherlands and Spain lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Spain, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Europe amounted to $X per kg, with an increase of X% against the previous year. Export price indicated a tangible increase 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 pace of growth appeared the most rapid in 2017 an increase of X%. The level of export peaked at $X per kg in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

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 Germany ($X per kg), while the Netherlands ($X per kg) was amongst the lowest.

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

Imports of Non-Silver Precious Metal Non-Jewelry Articles

Imports in Europe

In 2023, supplies from abroad of non-silver precious metal non-jewelry articles increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports saw temperate growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2023, the growth of imports remained at a lower figure.

In value terms, non-silver precious metal non-jewelry article imports reduced markedly to $X in 2023. Over the period under review, imports, however, recorded a perceptible slump. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

France prevails in imports structure, finishing at X tons, which was approx. X% of total imports in 2023. The following importers - Switzerland (X tons) and Sweden (X tons) - together made up X% of total imports.

France was also the fastest-growing in terms of the non-silver precious metal non-jewelry articles imports, with a CAGR of X% from 2012 to 2023. At the same time, Sweden (X%) displayed positive paces of growth. By contrast, Switzerland (X%) illustrated a downward trend over the same period. While the share of France (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Switzerland (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Switzerland ($X) constitutes the largest market for imported non-silver precious metal non-jewelry articles in Europe, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in Switzerland amounted to X%. In the other countries, the average annual rates were as follows: France (X% per year) and Sweden (X% per year).

Import Prices by Country

The import price in Europe stood at $X per kg in 2023, which is down by X% against the previous year. In general, the import price recorded a abrupt downturn. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per kg. From 2022 to 2023, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Switzerland ($X per kg), while France ($X per kg) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Switzerland (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform