Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Hong Kong SAR - 2023
Contents:
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Hong Kong SAR (FOB) - 2022
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Hong Kong SAR (CIF) - 2022
- Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Hong Kong SAR
- Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Hong Kong SAR
Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for articles of precious metal or of metal clad with precious metal amounted to $163,730 per ton, waning by -2.1% against the previous year. In general, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2016 when the average export price increased by 75%. Over the period under review, the average export prices attained the peak figure at $594,382 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -2.5% per year.
Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for articles of precious metal or of metal clad with precious metal amounted to $358,210 per ton, with an increase of 79% against the previous year. Overall, the import price, however, saw a deep reduction. The pace of growth was the most pronounced in 2017 when the average import price increased by 107%. As a result, import price attained the peak level of $2,348 per kg. From 2018 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($2,510,001 per ton), while the price for Singapore ($123,088 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Macao SAR (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Hong Kong SAR
Exports of articles of precious metal or of metal clad with precious metal from Hong Kong SAR soared to 317 tons in 2022, rising by 32% against the previous year's figure. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.6% 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 increased by +75.3% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 39% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of articles of precious metal or of metal clad with precious metal skyrocketed to $52M in 2022. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 90% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Articles of Precious Metal or of Metal Clad with Precious Metal in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.6 | 38.9 | 34.5 | 45.2 | 34.4% |
| Others | 3.3 | 2.7 | 5.6 | 6.7 | 26.6% |
| Total | 21.9 | 41.6 | 40.1 | 51.8 | 33.2% |
Top Export Markets for Articles of Precious Metal or of Metal Clad with Precious Metal from Hong Kong SAR in 2022:
- China (312.7 tons)
Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Hong Kong SAR
In 2022, imports of articles of precious metal or of metal clad with precious metal into Hong Kong SAR dropped rapidly to 65 tons, waning by -53.6% on the year before. Overall, imports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 125%. As a result, imports reached the peak of 139 tons, and then contracted sharply in the following year.
In value terms, imports of articles of precious metal or of metal clad with precious metal declined notably to $23M in 2022. Over the period under review, imports showed a pronounced shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 72%. As a result, imports reached the peak of $28M, and then contracted rapidly in the following year.
| Import of Articles of Precious Metal or of Metal Clad with Precious Metal in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2.2 | 1.4 | 2.2 | 10.8 | 70.0% |
| China | 15.7 | 7.6 | 14.8 | 7.0 | -23.6% |
| Taiwan (Chinese) | 1.8 | 3.8 | 7.4 | 1.8 | 0.0% |
| Singapore | 0.1 | 1.0 | 0.4 | 0.4 | 58.7% |
| Others | 5.8 | 2.3 | 3.0 | 3.2 | -18.0% |
| Total | 25.6 | 16.2 | 27.8 | 23.2 | -3.2% |
Top Suppliers of Articles of Precious Metal or of Metal Clad with Precious Metal to Hong Kong SAR in 2022:
- China (42.9 tons)
- Taiwan (Chinese) (11.9 tons)
- Japan (4.3 tons)
- Singapore (3.3 tons)
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