Price for Non-Silver Precious Metal Jewelry in Belgium - 2023
Contents:
- Price for Non-Silver Precious Metal Jewelry in Belgium (CIF) - 2022
- Price for Non-Silver Precious Metal Jewelry in Belgium (FOB) - 2022
- Imports of Non-Silver Precious Metal Jewelry in Belgium
- Exports of Non-Silver Precious Metal Jewelry in Belgium
Price for Non-Silver Precious Metal Jewelry in Belgium (CIF) - 2022
The average non-silver precious metal jewelry import price stood at $4,889,424 per ton in 2022, falling by -12.6% against the previous year. In general, the import price showed a abrupt downturn. The growth pace was the most rapid in 2016 an increase of 15% against the previous year. As a result, import price attained the peak level of $49,900 per kg. From 2017 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 India ($65,060,786 per ton), while the price for Germany ($953,457 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-0.7%), while the prices for the other major suppliers experienced a decline.
Price for Non-Silver Precious Metal Jewelry in Belgium (FOB) - 2022
In 2022, the average non-silver precious metal jewelry export price amounted to $9,470,222 per ton, shrinking by -24.1% against the previous year. Overall, the export price recorded a drastic downturn. The pace of growth was the most pronounced in 2016 an increase of 26% against the previous year. The export price peaked at $49,908,126 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
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 Switzerland ($31,799,772 per ton), while the average price for exports to Italy ($1,054,438 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 Germany (-5.5%), while the prices for the other major destinations experienced a decline.
Imports of Non-Silver Precious Metal Jewelry in Belgium
After three years of growth, purchases abroad of non-silver precious metal jewelry decreased by -9.9% to 39 tons in 2022. Overall, imports, however, showed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 146% against the previous year. As a result, imports attained the peak of 43 tons, and then reduced in the following year.
In value terms, non-silver precious metal jewelry imports fell significantly to $191M in 2022. Over the period under review, imports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2021 with an increase of 62%. As a result, imports reached the peak of $242M, and then dropped dramatically in the following year.
Import of Non-Silver Precious Metal Jewelry in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 50.3 | 63.4 | 83.4 | 67.2 | 10.1% |
France | 17.5 | 20.4 | 29.9 | 33.8 | 24.5% |
China | 11.2 | 10.8 | 19.7 | 20.6 | 22.5% |
Italy | 9.8 | 11.3 | 25.8 | 19.5 | 25.8% |
Hong Kong SAR | 3.7 | 5.0 | 8.4 | 9.6 | 37.4% |
Thailand | 3.8 | 4.4 | 6.7 | 6.9 | 22.0% |
Germany | 2.9 | 4.3 | 6.6 | 6.3 | 29.5% |
United States | 4.2 | 5.4 | 5.1 | 4.7 | 3.8% |
Netherlands | 2.9 | 5.4 | 6.2 | 0.8 | -34.9% |
Spain | 1.1 | 1.3 | 2.3 | 0.7 | -14.0% |
Others | 12.6 | 18.0 | 48.1 | 20.8 | 18.2% |
Total | 120 | 150 | 242 | 191 | 16.8% |
Top Suppliers of Non-Silver Precious Metal Jewelry to Belgium in 2022:
- Italy (16.5 tons)
- Germany (6.6 tons)
- France (5.1 tons)
- China (4.8 tons)
- Thailand (1.1 tons)
- India (1.0 tons)
- United States (0.9 tons)
- Spain (0.5 tons)
- Hong Kong SAR (0.4 tons)
- Netherlands (0.2 tons)
Exports of Non-Silver Precious Metal Jewelry in Belgium
For the fourth consecutive year, Belgium recorded growth in shipments abroad of non-silver precious metal jewelry, which increased by 5.8% to 20 tons in 2022. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 85% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, non-silver precious metal jewelry exports declined markedly to $192M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +9.3% 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 +30.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 51%. As a result, the exports reached the peak of $239M, and then contracted significantly in the following year.
Export of Non-Silver Precious Metal Jewelry in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 19.7 | 27.3 | 36.6 | 36.9 | 23.3% |
Netherlands | 12.7 | 13.7 | 28.5 | 36.1 | 41.7% |
Germany | 40.4 | 48.5 | 53.8 | 21.8 | -18.6% |
United Kingdom | 9.8 | 16.4 | 19.3 | 16.4 | 18.7% |
United States | 11.1 | 6.5 | 14.2 | 14.0 | 8.0% |
Switzerland | 7.4 | 6.9 | 26.1 | 12.1 | 17.8% |
Italy | 1.4 | 1.4 | 2.6 | 4.1 | 43.1% |
Austria | 1.0 | 2.5 | 3.9 | 4.0 | 58.7% |
Luxembourg | 2.6 | 7.7 | 5.9 | 3.6 | 11.5% |
United Arab Emirates | 14.4 | 0.9 | 10.8 | 3.3 | -38.8% |
India | 2.7 | 2.4 | 2.8 | 3.2 | 5.8% |
Hungary | 0.3 | 0.5 | 0.6 | 0.6 | 26.0% |
Others | 23.3 | 23.9 | 33.6 | 35.6 | 15.2% |
Total | 147 | 159 | 239 | 192 | 9.3% |
Top Export Markets for Non-Silver Precious Metal Jewelry from Belgium in 2022:
- Netherlands (5.9 tons)
- Italy (3.9 tons)
- France (3.5 tons)
- United Kingdom (1.5 tons)
- United States (0.7 tons)
- Germany (0.7 tons)
- India (0.5 tons)
- Austria (0.5 tons)
- Hungary (0.5 tons)
- Switzerland (0.4 tons)
- United Arab Emirates (0.2 tons)
- Luxembourg (0.2 tons)
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