CIS: Market for Silver Goldsmiths Non-Jewelry Articles 2024

Market Size for Silver Goldsmiths Non-Jewelry Articles in CIS

The CIS silver goldsmiths non-jewelry article market contracted rapidly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, faced a deep slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Silver Goldsmiths Non-Jewelry Articles in CIS

In value terms, silver goldsmiths non-jewelry article production rose significantly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level in 2022 and is likely to continue growth in years to come.

Exports of Silver Goldsmiths Non-Jewelry Articles

Exports in CIS

In 2022, after two years of growth, there was decline in shipments abroad of silver goldsmiths non-jewelry articles, when their volume decreased by X% to X tons. Overall, exports showed a pronounced descent. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, silver goldsmiths non-jewelry article exports declined to $X in 2022. In general, exports showed a pronounced decline. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Russia dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Armenia (X kg), creating a X% share of total exports.

Exports from Russia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Armenia (X%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. Armenia (X p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Russia ($X) remains the largest silver goldsmiths non-jewelry article supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Armenia ($X), with a X% share of total exports.

In Russia, silver goldsmiths non-jewelry article exports plunged by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in the CIS stood at $X,221 per ton in 2022, reducing by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price attained the peak level of $X,828 per ton. From 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X,362 per ton), while Armenia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Armenia (X%).

Imports of Silver Goldsmiths Non-Jewelry Articles

Imports in CIS

In 2022, purchases abroad of silver goldsmiths non-jewelry articles increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, silver goldsmiths non-jewelry article imports fell markedly to $X in 2022. In general, imports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) represented the largest importer of silver goldsmiths non-jewelry articles, generating X% of total imports. It was distantly followed by Belarus (X kg), comprising a X% share of total imports. Kazakhstan (X kg) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to silver goldsmiths non-jewelry article imports into Russia stood at X%. At the same time, Belarus (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Kazakhstan (X%) illustrated a downward trend over the same period. While the share of Belarus (X p.p.) and Russia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, the largest silver goldsmiths non-jewelry article importing markets in the CIS were Russia ($X), Belarus ($X) and Kazakhstan ($X), together comprising X% of total imports.

Among the main importing countries, Belarus, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. As a result, import price attained the peak level of $X,203 per ton. From 2018 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belarus ($X,207 per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :