Statuettes and other ornaments: of base metal plated with precious metal

In 2024, statuettes and other ornaments: of base metal plated with precious metal trade exhibited significant decline, with global flows reaching $72,756,664 and a three-year compound annual growth rate of +0.5% (five-year: -1.9%). The all-time peak of $123,612,139 was recorded in 2014; the current level is 41% below that high-water mark.

Over the 30-year observation window (1995–2024), 55% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is strengthening (+5.6% acceleration).

The World Trade Flows Characterization classifies statuettes and other ornaments: of base metal plated with precious metal as "Two-way vertical trade" in the high price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is diversified (Herfindahl-Hirschman Index 0.108). The three largest exporters — China ($21.4M), Germany ($7.1M), and Italy ($6.6M) — collectively dominate supply flows. The leading exporter has grown at -1.1% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.044). The three largest import markets are United States ($10.6M), Germany ($4.8M), and United Kingdom ($3.6M). The largest importing market sources from 71 different supplying countries.

Estimated substitution elasticity: -3.21. Buyers have moderate flexibility to shift sourcing, but face some switching costs.

The dominant trade corridor is China → United States at $3.1M, representing 29.8% of the importer's total demand.

The volatility score for statuettes and other ornaments: of base metal plated with precious metal is 3 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.