During the last couple of years, one of the most popular topics in both the jewelry and coin markets was bronze products. In fact, they've been trending for a while now. What is it about this inexpensive metal that is attracting so much interest? Find out more here!
Bronze is an alloy made from copper and tin, or its counterpart bronze-copper alloys (sometimes with other metals). It has been used to make coins for nearly 5000 years as well as other items like statues and jewelry. The Romans began using bronze in 300 BC to forge swords because steel was too expensive. In the present world, bronze is more commonly used in the production of jewelry, coins and statues than ever before.
Bronze Market Overview
Interest in bronze has been on the rise for the past few years. The increasing popularity of jewelry and coin markets is driving demand worldwide. There are a number of factors that have led to this surge in popularity. For one, it is inexpensive, unlike silver or gold which are more precious because of their high value. It is also a metal that can be easily mass-produced with great precision while still costing less than alternatives like sterling silver or gold-plated items. One of the largest positive aspects of bronze is that it can last for centuries. It also holds its color over time which makes it a desirable product for collectors.
Bronze Market Trends and Forecasts
The most popular trends in the bronze market are based on popularity and price, including sales of petite bronze statues, coins and art pieces. The trend towards smaller pieces of sculpture will continue because of its affordability as well as its attractiveness to collectors. Another big trend is towards more durable bronzes and the increase in demand for brass bronzes. Some products that are gaining popularity in the jewelry market include open-backs, doublets and necklaces with more than one style for an additional charge.
Bronze Market Breakdown
According to the XXX market report, there are more than 100 companies in 20 countries that produce bronze objects. China is one of the largest producers of these products and the other top producers are Mexico, Japan, Thailand, Canada and Egypt. The market for cast bronzes is expected to reach XXXX value which will represent an increase over the year before. The value of the global demand for bronze products is growing at a high rate and is expected to be more by the end of the forecast period.
So far the bronze markets have performed pretty much in line with expectations so far with just a bit of volatility thrown in for good measure. For instance the there has been a fixed point of contention among traders this quarter as it resists attempts at breaking above or below to create new trends – leading many to speculate whether we'll see a breakout or breakdown on this level sometime soon. Other markets have been more stable though, so far giving traders a bit more confidence that we won't see major price changes so soon.
