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

Contents:

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

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

In 2022, the average import price for articles of precious metal or of metal clad with precious metal amounted to $247,740 per ton, dropping by -29.9% against the previous year. Over the period under review, the import price, however, showed significant growth. The most prominent rate of growth was recorded in 2018 an increase of 619%. As a result, import price attained the peak level of $3,309 per kg. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($11,988,197 per ton), while the price for Latvia ($125,678 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+52.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for articles of precious metal or of metal clad with precious metal amounted to $105,464 per ton, reducing by -6.2% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 251%. As a result, the export price reached the peak level of $348,542 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($111,667 per ton), while the average price for exports to Switzerland ($97,714 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 the Czech Republic (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

After three years of growth, purchases abroad of articles of precious metal or of metal clad with precious metal decreased by -60.3% to 35 tons in 2022. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 415%. As a result, imports attained the peak of 89 tons, and then dropped remarkably in the following year.

In value terms, imports of articles of precious metal or of metal clad with precious metal dropped markedly to $8.8M in 2022. In general, imports recorded a drastic downturn. The growth pace was the most rapid in 2021 when imports increased by 111%. As a result, imports reached the peak of $32M, and then contracted markedly in the following year.

Import of Articles of Precious Metal or of Metal Clad with Precious Metal in Lithuania (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
FranceN/AN/A5.54.3-21.8%
Germany6.06.415.82.7-23.4%
United Kingdom5.28.19.11.1-40.4%
Poland0.10.10.20.344.2%
LatviaN/A0.10.10.10.0%
ChinaN/A0.10.10.10.0%
OthersN/A0.30.90.1-42.3%
Total11.414.931.68.8-8.3%

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

  1. France (30.4 tons)
  2. Poland (1.5 tons)
  3. United Kingdom (1.3 tons)
  4. Latvia (0.9 tons)
  5. China (0.6 tons)
  6. Germany (0.2 tons)

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

In 2022, overseas shipments of articles of precious metal or of metal clad with precious metal decreased by -96.2% to 265 kg, falling for the second year in a row after two years of growth. Overall, exports recorded a sharp descent. The growth pace was the most rapid in 2020 with an increase of 67% against the previous year. As a result, the exports reached the peak of 13 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 contracted sharply to $28K in 2022. Over the period under review, exports recorded a precipitous decline. The most prominent rate of growth was recorded in 2020 with an increase of 153%. As a result, the exports attained the peak of $2.2M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Articles of Precious Metal or of Metal Clad with Precious Metal in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
PolandN/A0.1N/A23.81442.7%
SwitzerlandN/AN/AN/A1.40%
JapanN/AN/AN/A0.70%
SpainN/AN/A771N/A0%
Czech Republic8502,156N/AN/A153.6%
Others13.832.421.82.1-46.6%
Total8642,18979327.9-68.2%

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

  1. Poland (237.0 kg)
  2. Switzerland (14.0 kg)
  3. Japan (6.0 kg)

Source: IndexBox Market Intelligence Platform

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