Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Italy - 2023

Contents:

1. Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Italy (FOB) - 2023
2. Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Italy (CIF) - 2022
3. Exports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Italy
4. Imports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Italy

Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Italy (FOB) - 2023

In October 2023, the average export price for statuettes and other ornaments; of base metal plated with precious metals amounted to $124K per ton, rising by 26% against the previous month. Over the period under review, the export price continues to indicate a pronounced increase. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 79% month-to-month. As a result, the export price reached the peak level of $160K per ton. From August 2023 to October 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was the United States ($174K per ton), while the average price for exports to Switzerland ($28,176 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Italy (CIF) - 2022

The average import price for statuettes and other ornaments; of base metal plated with precious metals stood at $14,742 per ton in 2022, flattening at the previous year. Over the period under review, the import price, however, continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2020 when the average import price increased by 45% against the previous year. Over the period under review, average import prices hit record highs at $29,988 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($23,899 per ton), while the price for Malta ($9,774 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.8%), while the prices for the other major suppliers experienced a decline.

Exports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Italy

In 2022, approx. 46 tons of statuettes and other ornaments; of base metal plated with precious metals were exported from Italy; falling by -8.5% compared with the year before. Over the period under review, exports continue to indicate a abrupt contraction. The smallest decline of -8.3% was in 2021.

In value terms, exports of statuettes and other ornaments; of base metal plated with precious metals rose to $3.8M in 2022. Overall, exports continue to indicate a abrupt downturn.

Top Export Markets for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal from Italy in 2022:

1. United States (9.4 tons)
2. France (3.7 tons)
3. Poland (2.4 tons)
4. India (2.2 tons)
5. Panama (1.8 tons)
6. United Kingdom (1.8 tons)
7. Croatia (1.8 tons)
8. Saudi Arabia (1.5 tons)
9. Spain (1.4 tons)
10. Romania (1.3 tons)
11. South Korea (1.3 tons)
12. United Arab Emirates (1.2 tons)
13. Switzerland (1.1 tons)

Imports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Italy

In 2022, approx. 62 tons of statuettes and other ornaments; of base metal plated with precious metals were imported into Italy; increasing by 37% on the year before. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 124% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, imports of statuettes and other ornaments; of base metal plated with precious metals skyrocketed to $908K in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +18.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal to Italy in 2022:

1. France (19.4 tons)
2. Malta (13.4 tons)
3. China (13.2 tons)
4. India (8.7 tons)
5. Pakistan (3.4 tons)
6. Spain (1.8 tons)
7. Germany (0.4 tons)
8. United Kingdom (0.3 tons)

Source: IndexBox Market Intelligence Platform