Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Japan - 2023

Contents:

  1. Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Japan (FOB) - 2022
  2. Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Japan (CIF) - 2022
  3. Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Japan
  4. Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Japan

Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Japan (FOB) - 2022

The average export price for articles of precious metal or of metal clad with precious metal stood at $2,555,028 per ton in 2022, declining by -12.4% against the previous year. Overall, the export price, however, recorded a tangible increase. The growth pace was the most rapid in 2019 when the average export price increased by 129% against the previous year. Over the period under review, the average export prices attained the maximum at $2,915,458 per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($9,810,928 per ton), while the average price for exports to Hong Kong SAR ($118,333 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Japan (CIF) - 2022

In 2022, the average import price for articles of precious metal or of metal clad with precious metal amounted to $13,847,859 per ton, falling by -16.8% against the previous year. Overall, the import price, however, recorded a temperate expansion. The growth pace was the most rapid in 2020 an increase of 46% against the previous year. As a result, import price attained the peak level of $18,534 per kg. From 2021 to 2022, the average 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 UK ($90,369,394 per ton), while the price for China ($271,472 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Japan

Exports of articles of precious metal or of metal clad with precious metal from Japan expanded markedly to 226 tons in 2022, surging by 12% compared with the previous year's figure. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +7.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53%. Over the period under review, the exports of hit record highs 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 shrank to $577M in 2022. In general, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 81% against the previous year. As a result, the exports attained the peak of $591M, and then contracted in the following year.

Export of Articles of Precious Metal or of Metal Clad with Precious Metal in Japan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Singapore39.844.311815557.3%
United States1401011881502.3%
Malaysia86.677.911890.71.6%
China33.559.984.767.926.6%
South Korea10.19.511.131.345.8%
Bahrain2.10.99.426.1131.6%
Taiwan (Chinese)14.47.625.624.519.4%
Thailand7.610.69.19.16.2%
Hong Kong SAR3.53.17.64.26.3%
United Kingdom1.30.10.12.015.4%
Vietnam2.11.41.51.9-3.3%
Philippines2.41.90.91.5-14.5%
Netherlands0.10.10.30.681.7%
Others8.87.916.512.612.7%
Total35332759157717.8%

Top Export Markets for Articles of Precious Metal or of Metal Clad with Precious Metal from Japan in 2022:

  1. China (43.2 tons)
  2. Hong Kong SAR (35.9 tons)
  3. United States (34.4 tons)
  4. Bahrain (18.5 tons)
  5. Singapore (16.6 tons)
  6. South Korea (15.3 tons)
  7. United Kingdom (10.2 tons)
  8. Thailand (9.5 tons)
  9. Malaysia (9.2 tons)
  10. Vietnam (6.3 tons)
  11. Netherlands (4.8 tons)
  12. Taiwan (Chinese) (4.5 tons)
  13. Philippines (2.6 tons)

Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Japan

After three years of growth, purchases abroad of articles of precious metal or of metal clad with precious metal decreased by -33.7% to 8.3 tons in 2022. In general, imports, however, showed resilient growth. The pace of growth was the most pronounced in 2020 when imports increased by 90% against the previous year.

In value terms, imports of articles of precious metal or of metal clad with precious metal contracted remarkably to $115M in 2022. Overall, imports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 177% against the previous year.

Import of Articles of Precious Metal or of Metal Clad with Precious Metal in Japan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany17.321.531.856.148.0%
United Kingdom22.323.146.525.54.6%
Taiwan (Chinese)16.313.522.815.1-2.5%
United States10.113192.710.51.3%
Singapore1.73.04.93.729.6%
Switzerland2.02.33.62.69.1%
China0.10.31.00.791.3%
Others1.11.55.91.48.4%
Total70.919720911517.5%

Top Suppliers of Articles of Precious Metal or of Metal Clad with Precious Metal to Japan in 2022:

  1. China (2.4 tons)
  2. Singapore (2.2 tons)
  3. Germany (1.3 tons)
  4. Taiwan (Chinese) (1.1 tons)
  5. United States (0.5 tons)
  6. Switzerland (0.4 tons)
  7. United Kingdom (0.3 tons)

Source: IndexBox Market Intelligence Platform

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