Price for Non-Silver Precious Metal Jewelry in Australia - 2023
Contents:
- Price for Non-Silver Precious Metal Jewelry in Australia (CIF) - 2023
- Price for Non-Silver Precious Metal Jewelry in Australia (FOB) - 2022
- Imports of Non-Silver Precious Metal Jewelry in Australia
- Exports of Non-Silver Precious Metal Jewelry in Australia
Price for Non-Silver Precious Metal Jewelry in Australia (CIF) - 2023
In August 2023, the average non-silver precious metal jewelry import price amounted to $49.9M per ton, falling by -15.9% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in July 2023 when the average import price increased by 32% month-to-month. As a result, import price reached the peak level of $59,319 per kg, and then plummeted in the following month.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the countries with the highest prices were Hong Kong SAR ($49.9M per ton) and Malaysia ($49.9M per ton), while the price for New Zealand ($49.9M per ton) and Turkey ($49.9M per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Silver Precious Metal Jewelry in Australia (FOB) - 2022
The average non-silver precious metal jewelry export price stood at $46,067,667 per ton in 2022, jumping by 16% against the previous year. Over the period under review, the export price recorded a resilient increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 57% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Malaysia ($46,365,642 per ton) and Thailand ($46,324,980 per ton), while the average price for exports to Switzerland ($45,868,347 per ton) and the UK ($46,130,866 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+27.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Silver Precious Metal Jewelry in Australia
Non-silver precious metal jewelry imports into Australia reduced modestly to 30 tons in 2022, flattening at 2021 figures. In general, imports faced a dramatic descent. The most prominent rate of growth was recorded in 2021 with an increase of 1.3%.
In value terms, non-silver precious metal jewelry imports surged to $1.3B in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 47%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Non-Silver Precious Metal Jewelry in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 144 | 119 | 215 | 231 | 17.1% |
| Italy | 111 | 90.6 | 109 | 165 | 14.1% |
| United States | 144 | 96.1 | 108 | 158 | 3.1% |
| India | 126 | 104 | 142 | 155 | 7.1% |
| China | 71.1 | 63.4 | 87.2 | 118 | 18.4% |
| Thailand | 47.4 | 38.2 | 59.7 | 74.8 | 16.4% |
| United Arab Emirates | 40.3 | 46.2 | 119 | 73.4 | 22.1% |
| Switzerland | 21.7 | 33.3 | 41.7 | 67.2 | 45.8% |
| Malaysia | 13.3 | 23.2 | 26.3 | 57.5 | 62.9% |
| Singapore | 17.6 | 15.1 | 23.3 | 51.7 | 43.2% |
| Turkey | 16.0 | 25.4 | 34.5 | 41.0 | 36.8% |
| Hong Kong SAR | 13.8 | 11.7 | 25.2 | 40.4 | 43.1% |
| Vietnam | 15.0 | 16.3 | 21.7 | 22.9 | 15.1% |
| Others | 52.2 | 42.2 | 54.8 | 68.9 | 9.7% |
| Total | 834 | 725 | 1,067 | 1,326 | 16.7% |
Top Suppliers of Non-Silver Precious Metal Jewelry to Australia in 2022:
- France (5.1 tons)
- Italy (3.7 tons)
- India (3.5 tons)
- United States (3.5 tons)
- China (2.6 tons)
- Thailand (1.7 tons)
- United Arab Emirates (1.6 tons)
- Switzerland (1.5 tons)
- Malaysia (1.3 tons)
- Singapore (1.1 tons)
- Turkey (0.9 tons)
- Hong Kong SAR (0.9 tons)
- Vietnam (0.5 tons)
Exports of Non-Silver Precious Metal Jewelry in Australia
In 2022, non-silver precious metal jewelry exports from Australia fell dramatically to 7.7 tons, which is down by -30.4% on 2021 figures. Overall, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 24%.
In value terms, non-silver precious metal jewelry exports fell notably to $354M in 2022. In general, exports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 26%. As a result, the exports reached the peak of $437M, and then dropped markedly in the following year.
| Export of Non-Silver Precious Metal Jewelry in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 130 | 145 | 188 | 141 | 2.7% |
| Hong Kong SAR | 68.0 | 59.1 | 84.0 | 56.1 | -6.2% |
| New Zealand | 45.5 | 34.0 | 24.2 | 55.3 | 6.7% |
| United States | 38.1 | 24.0 | 26.7 | 19.0 | -20.7% |
| Canada | 42.5 | 33.6 | 27.1 | 14.0 | -30.9% |
| United Arab Emirates | 1.5 | 5.5 | 11.6 | 10.4 | 90.7% |
| Thailand | 5.3 | 6.0 | 6.3 | 9.4 | 21.0% |
| Malaysia | 3.3 | 1.6 | 2.3 | 6.4 | 24.7% |
| Italy | 11.8 | 11.8 | 20.8 | 5.9 | -20.6% |
| India | 10.4 | 5.8 | 4.2 | 5.5 | -19.1% |
| United Kingdom | 5.9 | 4.0 | 3.1 | 5.5 | -2.3% |
| China | 0.1 | 2.8 | 5.1 | 5.4 | 278.0% |
| Others | 20.8 | 14.9 | 34.4 | 21.1 | 0.5% |
| Total | 384 | 348 | 437 | 354 | -2.7% |
Top Export Markets for Non-Silver Precious Metal Jewelry from Australia in 2022:
- Singapore (3041.0 kg)
- Hong Kong SAR (1212.0 kg)
- New Zealand (1196.0 kg)
- United States (411.0 kg)
- Canada (303.0 kg)
- United Arab Emirates (224.0 kg)
- Thailand (202.0 kg)
- Malaysia (137.0 kg)
- Italy (127.0 kg)
- India (120.0 kg)
- United Kingdom (119.0 kg)
- China (117.0 kg)
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