Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Canada - 2024
Contents:
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Canada (FOB) - 2024
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Canada (CIF) - 2022
- Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Canada
- Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Canada
Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Canada (FOB) - 2024
In June 2023, the average export price for articles of precious metal or of metal clad with precious metal amounted to $1.3M per ton, dropping by -88.7% against the previous month. In general, the export price continues to indicate a dramatic shrinkage. The growth pace was the most rapid in March 2023 when the average export price increased by 294% against the previous month. The export price peaked at $21.7M per ton in January 2023; afterwards, it flattened through to June 2023.
As there is only one major export destination, the average price level is determined by prices for the United States.
From January 2023 to June 2023, the rate of growth in terms of prices for the United States amounted to -43.3% per month.
Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Canada (CIF) - 2022
In 2022, the average import price for articles of precious metal or of metal clad with precious metal amounted to $3,845,271 per ton, waning by -40% against the previous year. Over the period under review, the import price showed a abrupt curtailment. The pace of growth was the most pronounced in 2014 when the average import price increased by 46% against the previous year. Over the period under review, average import prices hit record highs at $11,733,808 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($7,850,802 per ton), while the price for France ($173,423 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-2.9%), while the prices for the other major suppliers experienced a decline.
Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Canada
In 2022, the amount of articles of precious metal or of metal clad with precious metal exported from Canada rose modestly to 421 tons, growing by 4.2% on 2021 figures. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -8.2% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 69% against the previous year. As a result, the exports reached the peak of 459 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of articles of precious metal or of metal clad with precious metal reduced to $1.8B in 2022. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 112% against the previous year.
| Export of Articles of Precious Metal or of Metal Clad with Precious Metal in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 458 | 1,239 | 2,061 | 1,762 | 56.7% |
| Hong Kong SAR | 121 | 8.0 | 3.4 | 0.2 | -88.2% |
| Others | 13.0 | 8.9 | 5.9 | 7.7 | -16.0% |
| Total | 592 | 1,256 | 2,070 | 1,769 | 44.0% |
Top Export Markets for Articles of Precious Metal or of Metal Clad with Precious Metal from Canada in 2022:
- United States (420.2 tons)
- Hong Kong SAR (0.1 tons)
Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Canada
For the fourth consecutive year, Canada recorded growth in overseas purchases of articles of precious metal or of metal clad with precious metal, which increased by 104% to 139 tons in 2022. Over the period under review, imports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 377% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of articles of precious metal or of metal clad with precious metal surged to $536M in 2022. In general, imports saw significant growth. The growth pace was the most rapid in 2020 when imports increased by 441%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Articles of Precious Metal or of Metal Clad with Precious Metal in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 80.0 | 222 | 336 | 459 | 79.0% |
| Poland | N/A | N/A | N/A | 25.9 | 0% |
| Mexico | N/A | 8.4 | 17.7 | 1.9 | -52.4% |
| France | 0.6 | 0.6 | 1.0 | 0.9 | 14.5% |
| Others | 7.9 | 247 | 83.2 | 48.6 | 83.2% |
| Total | 88.5 | 479 | 438 | 536 | 82.3% |
Top Suppliers of Articles of Precious Metal or of Metal Clad with Precious Metal to Canada in 2022:
- Poland (71.1 tons)
- United States (58.4 tons)
- France (5.0 tons)
- Mexico (2.3 tons)
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