Price for Ivory and Articles Thereof; Worked in China - 2023

Contents:

1. Price for Ivory and Articles Thereof; Worked in China (FOB) - 2022
2. Price for Ivory and Articles Thereof; Worked in China (CIF) - 2022
3. Exports of Ivory and Articles Thereof; Worked in China
4. Imports of Ivory and Articles Thereof; Worked in China

Price for Ivory and Articles Thereof; Worked in China (FOB) - 2022

In 2022, the average export price for ivory and articles thereof; worked amounted to $2,656,521 per ton, increasing by 625% against the previous year. Overall, the export price enjoyed significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +30.1% per year.

Price for Ivory and Articles Thereof; Worked in China (CIF) - 2022

In 2022, the average import price for ivory and articles thereof; worked amounted to $107,491 per ton, which is down by -3.7% against the previous year. Over the period under review, the import price showed a deep setback. The growth pace was the most rapid in 2020 when the average import price increased by 183%. The import price peaked at $599,629 per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 the United States ($704,147 per ton), while the price for Vietnam ($8,936 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+51.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Ivory and Articles Thereof; Worked in China

Ivory and articles thereof; worked exports from China declined remarkably to 121 kg in 2022, which is down by -61% against the year before. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 62%. As a result, the exports attained the peak of 310 kg, and then dropped markedly in the following year.

In value terms, ivory and articles thereof; worked exports soared to $321K in 2022. Overall, exports, however, showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Ivory and Articles Thereof; Worked from China in 2022:

1. Japan (49.0 kg)

Imports of Ivory and Articles Thereof; Worked in China

In 2022, approx. 233 kg of ivory and articles thereof; worked were imported into China; almost unchanged from the year before. In general, imports, however, recorded a significant contraction. The pace of growth appeared the most rapid in 2021 with an increase of 427% against the previous year.

In value terms, ivory and articles thereof; worked imports dropped to $25K in 2022. Over the period under review, imports, however, showed a perceptible contraction. The pace of growth was the most pronounced in 2021 when imports increased by 380% against the previous year.

Top Suppliers of Ivory and Articles Thereof; Worked to China in 2022:

1. Vietnam (117.0 kg)
2. Canada (108.0 kg)
3. Belarus (4.0 kg)
4. Russia (3.0 kg)
5. India (1.0 kg)

Source: IndexBox Market Intelligence Platform