Price for Precious Metal-Clad Jewelry of Base Metals in Ethiopia - 2022
Contents:
- Price for Precious Metal-Clad Jewelry of Base Metals in Ethiopia (CIF) - 2022
- Price for Precious Metal-Clad Jewelry of Base Metals in Ethiopia (FOB) - 2022
- Imports of Precious Metal-Clad Jewelry of Base Metals in Ethiopia
- Exports of Precious Metal-Clad Jewelry of Base Metals in Ethiopia
Price for Precious Metal-Clad Jewelry of Base Metals in Ethiopia (CIF) - 2022
In 2022, the average import price for base metal jewelry clad with precious metals amounted to $227,846 per ton, dropping by -43.4% against the previous year. Overall, the import price showed a noticeable descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by 89% against the previous year. Over the period under review, average import prices reached the peak figure at $692,917 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +5.1% per year.
Price for Precious Metal-Clad Jewelry of Base Metals in Ethiopia (FOB) - 2022
The average export price for base metal jewelry clad with precious metals stood at $11,427 per ton in 2022, with a decrease of -97.7% against the previous year. Over the period under review, the export price faced a sharp reduction. The growth pace was the most rapid in 2016 when the average export price increased by 217%. The export price peaked at $937,704 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($30,133 per ton), while the average price for exports to the UK amounted to $1,915 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+16.5%), while the prices for the other major destinations experienced a decline.
Imports of Precious Metal-Clad Jewelry of Base Metals in Ethiopia
In 2022, imports of base metal jewelry clad with precious metals into Ethiopia soared to 26 kg, growing by 189% compared with 2021. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of base metal jewelry clad with precious metals soared to $5.9K in 2022. Over the period under review, imports continue to indicate a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Precious Metal-Clad Jewelry of Base Metals in Ethiopia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 89.0 | 80.0 | 116 | 5,924 | 305.3% |
| Switzerland | 2.0 | 1.0 | 1.0 | N/A | -29.3% |
| Germany | 21.0 | 13.0 | 13.0 | N/A | -21.3% |
| United Kingdom | 7.0 | N/A | 65.0 | N/A | 204.7% |
| India | 448 | 286 | 300 | N/A | -18.2% |
| United Arab Emirates | 38.0 | 22.0 | 21.0 | N/A | -25.7% |
| Italy | 41.0 | 21.0 | 18.0 | N/A | -33.7% |
| Saudi Arabia | 15.0 | 9.0 | 9.0 | N/A | -22.5% |
| United States | 3,567 | 2,583 | 3,079 | N/A | -7.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4,228 | 3,015 | 3,622 | 5,924 | 11.9% |
Top Suppliers of Precious Metal-Clad Jewelry of Base Metals to Ethiopia in 2022:
- China (26.0 kg)
Exports of Precious Metal-Clad Jewelry of Base Metals in Ethiopia
In 2022, the amount of base metal jewelry clad with precious metals exported from Ethiopia surged to 89 kg, increasing by 287% on 2021 figures. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of base metal jewelry clad with precious metals fell dramatically to $1K in 2022. Overall, exports, however, faced a significant contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 19% against the previous year.
| Export of Precious Metal-Clad Jewelry of Base Metals in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 0.5 | 0.6 | 2.3 | 0.9 | 21.6% |
| United Kingdom | N/A | N/A | N/A | 0.1 | 0% |
| United States | 12.2 | 8.8 | 8.9 | N/A | -14.6% |
| Others | 0.5 | 0.1 | 0.1 | N/A | -55.3% |
| Total | 13.1 | 9.4 | 11.3 | 1.0 | -57.6% |
Top Export Markets for Precious Metal-Clad Jewelry of Base Metals from Ethiopia in 2022:
- United Kingdom (59.0 kg)
- Canada (30.0 kg)
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