Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Azerbaijan - 2023
Contents:
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Azerbaijan (CIF) - 2022
- Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Azerbaijan
Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Azerbaijan (CIF) - 2022
In 2022, the average import price for articles of precious metal or of metal clad with precious metal amounted to $669,750 per ton, rising by 120% against the previous year. Over the period under review, the import price posted a significant expansion. The pace of growth appeared the most rapid in 2020 an increase of 617%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,302,000 per ton), while the price for Germany ($131,800 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+139.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Azerbaijan
Imports of articles of precious metal or of metal clad with precious metal into Azerbaijan dropped rapidly to 12 kg in 2022, waning by -88.5% compared with 2021. In general, imports showed a precipitous contraction. The smallest decline of -39.9% was in 2021.
In value terms, imports of articles of precious metal or of metal clad with precious metal dropped markedly to $8K in 2022. Overall, imports faced a precipitous shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 135%. As a result, imports attained the peak of $43K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Articles of Precious Metal or of Metal Clad with Precious Metal in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | N/A | 4.1 | 0% |
| United States | 0.1 | N/A | N/A | 1.3 | 135.1% |
| Australia | 0.1 | 0.1 | N/A | 1.0 | 115.4% |
| Switzerland | 0.3 | N/A | N/A | 1.0 | 49.4% |
| Germany | N/A | N/A | N/A | 0.7 | 0% |
| United Kingdom | 13.8 | 36.3 | 27.1 | N/A | 40.1% |
| Iran | N/A | N/A | 0.6 | N/A | 0% |
| Others | 4.0 | 6.4 | 3.9 | N/A | -1.3% |
| Total | 18.3 | 42.9 | 31.7 | 8.0 | -24.1% |
Top Suppliers of Articles of Precious Metal or of Metal Clad with Precious Metal to Azerbaijan in 2022:
- Germany (5.0 kg)
- Russia (4.0 kg)
- United States (1.0 kg)
- Switzerland (1.0 kg)
- Australia (1.0 kg)
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