Price for Non-Silver Precious Metal Jewelry in Ethiopia - 2022
Contents:
- Price for Non-Silver Precious Metal Jewelry in Ethiopia (CIF) - 2022
- Price for Non-Silver Precious Metal Jewelry in Ethiopia (FOB) - 2022
- Imports of Non-Silver Precious Metal Jewelry in Ethiopia
- Exports of Non-Silver Precious Metal Jewelry in Ethiopia
Price for Non-Silver Precious Metal Jewelry in Ethiopia (CIF) - 2022
In 2022, the average non-silver precious metal jewelry import price amounted to $430,000 per ton, falling by -98.8% against the previous year. In general, the import price recorded a dramatic contraction. The pace of growth appeared the most rapid in 2017 when the average import price increased by 1,649%. As a result, import price attained the peak level of $43,199 per kg. From 2018 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 the United Arab Emirates ($554,000 per ton), while the price for China stood at $306,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-12.2%).
Price for Non-Silver Precious Metal Jewelry in Ethiopia (FOB) - 2022
In 2022, the average non-silver precious metal jewelry export price amounted to $58,600 per ton, with a decrease of -31.7% against the previous year. Over the period under review, the export price showed a deep reduction. The growth pace was the most rapid in 2018 when the average export price increased by 218%. The export price peaked at $662,639 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($106,000 per ton), while the average price for exports to Ireland ($43,500 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 Algeria (+1,300.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Silver Precious Metal Jewelry in Ethiopia
In 2022, the amount of non-silver precious metal jewelry imported into Ethiopia reduced dramatically to 2 kg, shrinking by -99.7% compared with 2021 figures. Overall, imports showed a sharp setback. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year.
In value terms, non-silver precious metal jewelry imports fell sharply to $860 in 2022. In general, imports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year.
| Import of Non-Silver Precious Metal Jewelry in Ethiopia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 0.1 | N/A | 0.2 | N/A | 41.4% |
| China | N/A | N/A | N/A | N/A | 0% |
| United Arab Emirates | 33.7 | 18.6 | 25.9 | N/A | -12.3% |
| Others | 0.2 | 0.1 | 0.3 | N/A | 22.5% |
| Total | 34.0 | 18.8 | 26.4 | N/A | -11.9% |
Top Suppliers of Non-Silver Precious Metal Jewelry to Ethiopia in 2022:
- United Arab Emirates (1.0 kg)
- China (1.0 kg)
Exports of Non-Silver Precious Metal Jewelry in Ethiopia
In 2022, approx. 5 kg of non-silver precious metal jewelry were exported from Ethiopia; reducing by -87.2% against 2021. In general, exports saw a sharp descent. The most prominent rate of growth was recorded in 2021 when exports increased by 255%. As a result, the exports attained the peak of 39 kg, and then plummeted in the following year.
In value terms, non-silver precious metal jewelry exports contracted remarkably to $293 in 2022. Overall, exports continue to indicate a significant contraction. The pace of growth appeared the most rapid in 2021 with an increase of 615% against the previous year.
| Export of Non-Silver Precious Metal Jewelry in Ethiopia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | N/A | N/A | N/A | 106 | 0% |
| United States | 81.0 | 1.0 | 3.0 | 100 | 7.3% |
| Ireland | N/A | N/A | N/A | 87.0 | 0% |
| Cote d'Ivoire | 419 | 30.0 | 411 | N/A | -1.0% |
| France | 114 | 9.0 | 168 | N/A | 21.4% |
| United Arab Emirates | 5,114 | 420 | 2,666 | N/A | -27.8% |
| Singapore | 230 | N/A | N/A | N/A | 0% |
| Algeria | N/A | 1.0 | 7.0 | N/A | 600.0% |
| Others | 269 | 7.0 | 91.0 | N/A | -41.8% |
| Total | 6,227 | 468 | 3,346 | 293 | -63.9% |
Top Export Markets for Non-Silver Precious Metal Jewelry from Ethiopia in 2022:
- United States (2.0 kg)
- Ireland (2.0 kg)
- Switzerland (1.0 kg)
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