Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Kuwait - 2022
Contents:
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Kuwait (CIF) - 2022
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Kuwait (FOB) - 2022
- Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Kuwait
- Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Kuwait
Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Kuwait (CIF) - 2022
In 2022, the average import price for articles of precious metal or of metal clad with precious metal amounted to $91,701 per ton, waning by -63% against the previous year. Over the period under review, the import price showed a deep slump. The growth pace was the most rapid in 2020 when the average import price increased by 565%. As a result, import price attained the peak level of $732,724 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($652,250 per ton), while the price for India ($26,164 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+11.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Kuwait (FOB) - 2022
The average export price for articles of precious metal or of metal clad with precious metal stood at $178,000 per ton in 2022, shrinking by -52.8% against the previous year. Over the period under review, the export price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 930% against the previous year. The export price peaked at $1,692,000 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Switzerland.
From 2012 to 2022, the rate of growth in terms of prices for Switzerland amounted to -13.8% per year.
Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Kuwait
In 2022, approx. 548 kg of articles of precious metal or of metal clad with precious metal were imported into Kuwait; picking up by 133% compared with 2021. Overall, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 209% against the previous year.
In value terms, imports of articles of precious metal or of metal clad with precious metal reduced to $50K in 2022. Over the period under review, imports, however, showed a precipitous shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 4.5%.
| Import of Articles of Precious Metal or of Metal Clad with Precious Metal in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 19.5 | N/A | 1.3 | 20.8 | 2.2% |
| Switzerland | 13.0 | 14.1 | 33.4 | 10.4 | -7.2% |
| China | N/A | N/A | 4.8 | 3.6 | -25.0% |
| India | 39.3 | N/A | N/A | 1.9 | -63.6% |
| United Kingdom | 5.1 | 13.1 | N/A | N/A | 156.9% |
| Italy | 15.1 | N/A | 2.0 | N/A | -63.6% |
| Others | 6.0 | 28.4 | 16.7 | 13.5 | 31.0% |
| Total | 98.0 | 55.7 | 58.2 | 50.3 | -19.9% |
Top Suppliers of Articles of Precious Metal or of Metal Clad with Precious Metal to Kuwait in 2022:
- United States (351.0 kg)
- China (90.0 kg)
- India (73.0 kg)
- Switzerland (16.0 kg)
Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Kuwait
In 2022, after two years of growth, there was significant decline in overseas shipments of articles of precious metal or of metal clad with precious metal, when their volume decreased by -95.8% to 1 kg. In general, exports faced a precipitous slump. The most prominent rate of growth was recorded in 2021 when exports increased by 300% against the previous year. As a result, the exports attained the peak of 24 kg, and then shrank rapidly in the following year.
In value terms, exports of articles of precious metal or of metal clad with precious metal declined sharply to $178 in 2022. Overall, exports showed a precipitous slump. The smallest decline of -1.7% was in 2021.
| Export of Articles of Precious Metal or of Metal Clad with Precious Metal in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Switzerland | 9.2 | N/A | 0.2 | -85.3% | |
| Thailand | N/A | N/A | N/A | 0% | |
| India | N/A | 8.1 | N/A | 0% | |
| Denmark | N/A | N/A | N/A | 0% | |
| Saudi Arabia | N/A | 1.0 | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 9.2 | 9.0 | 0.2 | -85.3% | |
Top Export Markets for Articles of Precious Metal or of Metal Clad with Precious Metal from Kuwait in 2022:
- Switzerland (1.0 kg)
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