Price for Non-Silver Precious Metal Jewelry in Finland - 2023
Contents:
- Price for Non-Silver Precious Metal Jewelry in Finland (CIF) - 2022
- Price for Non-Silver Precious Metal Jewelry in Finland (FOB) - 2022
- Imports of Non-Silver Precious Metal Jewelry in Finland
- Exports of Non-Silver Precious Metal Jewelry in Finland
Price for Non-Silver Precious Metal Jewelry in Finland (CIF) - 2022
The average non-silver precious metal jewelry import price stood at $10,283,100 per ton in 2022, surging by 23% against the previous year. In general, the import price, however, continues to indicate a abrupt descent. The import price peaked at $20,411,590 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($30,376,333 per ton), while the price for China ($746,788 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.3%), while the prices for the other major suppliers experienced a decline.
Price for Non-Silver Precious Metal Jewelry in Finland (FOB) - 2022
In 2022, the average non-silver precious metal jewelry export price amounted to $12,150,541 per ton, which is down by -30.4% against the previous year. In general, the export price showed a abrupt decline. The pace of growth was the most pronounced in 2013 an increase of 5.2%. As a result, the export price attained the peak level of $29,673 per kg. From 2014 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($40,013,000 per ton), while the average price for exports to Israel ($1,371,000 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 Canada (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Silver Precious Metal Jewelry in Finland
In 2022, purchases abroad of non-silver precious metal jewelry decreased by -30.2% to 1.3 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2021 when imports increased by 75%. As a result, imports reached the peak of 1.8 tons, and then declined significantly in the following year.
In value terms, non-silver precious metal jewelry imports contracted to $13M in 2022. The total import value increased at an average annual rate of +5.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 31%. As a result, imports attained the peak of $15M, and then declined in the following year.
| Import of Non-Silver Precious Metal Jewelry in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2,970 | 3,738 | 3,860 | 4,167 | 11.9% |
| Italy | 1,866 | 1,346 | 1,919 | 2,369 | 8.3% |
| Turkey | 787 | 691 | 2,104 | 1,352 | 19.8% |
| Germany | 1,617 | 1,138 | 1,311 | 1,274 | -7.6% |
| Spain | 639 | 505 | 578 | 594 | -2.4% |
| Switzerland | 199 | 391 | 564 | 534 | 39.0% |
| United States | 265 | 278 | 387 | 346 | 9.3% |
| France | 99.2 | 192 | 313 | 311 | 46.4% |
| Thailand | 118 | 76.7 | 102 | 222 | 23.4% |
| Hong Kong SAR | 228 | 219 | 223 | 194 | -5.2% |
| Israel | 108 | 191 | 225 | 142 | 9.6% |
| China | 65.2 | 87.4 | 153 | 84.4 | 9.0% |
| Canada | 18.7 | 19.5 | 30.7 | 19.3 | 1.1% |
| Others | 2,220 | 2,830 | 3,582 | 1,616 | -10.0% |
| Total | 11,200 | 11,703 | 15,351 | 13,224 | 5.7% |
Top Suppliers of Non-Silver Precious Metal Jewelry to Finland in 2022:
- United States (222.0 kg)
- India (162.0 kg)
- Turkey (130.0 kg)
- China (113.0 kg)
- Switzerland (104.0 kg)
- Italy (78.0 kg)
- France (74.0 kg)
- Thailand (69.0 kg)
- Israel (59.0 kg)
- Germany (52.0 kg)
- Hong Kong SAR (51.0 kg)
- Canada (22.0 kg)
- Spain (16.0 kg)
Exports of Non-Silver Precious Metal Jewelry in Finland
In 2022, shipments abroad of non-silver precious metal jewelry decreased by -41.4% to 109 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports saw a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 18%.
In value terms, non-silver precious metal jewelry exports declined rapidly to $1.3M in 2022. In general, exports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2020 when exports increased by 15% against the previous year. As a result, the exports reached the peak of $3.2M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Non-Silver Precious Metal Jewelry in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 1,328 | 2,585 | 2,388 | 526 | -26.6% |
| United States | 232 | 140 | 108 | 240 | 1.1% |
| United Kingdom | 9.3 | 5.1 | 241 | 122 | 135.8% |
| Turkey | 11.4 | 26.5 | 18.0 | 120 | 119.2% |
| Switzerland | 12.2 | 17.2 | 6.5 | 37.7 | 45.7% |
| Australia | 18.0 | 78.8 | 9.9 | 29.4 | 17.8% |
| France | N/A | 44.4 | 4.0 | 28.2 | -20.3% |
| Canada | 10.2 | 6.0 | 32.4 | 21.7 | 28.6% |
| Japan | 11.9 | 1.4 | 6.8 | 12.1 | 0.6% |
| Norway | 10.7 | 15.1 | 19.5 | 10.6 | -0.3% |
| Hong Kong SAR | 664 | 8.8 | 30.5 | 9.9 | -75.4% |
| Mexico | 2.2 | 0.1 | 0.1 | 6.4 | 42.8% |
| Israel | N/A | 5.0 | 2.9 | 2.7 | -26.5% |
| Others | 525 | 316 | 379 | 158 | -33.0% |
| Total | 2,834 | 3,250 | 3,247 | 1,324 | -22.4% |
Top Export Markets for Non-Silver Precious Metal Jewelry from Finland in 2022:
- United States (22.0 kg)
- France (16.0 kg)
- Estonia (15.0 kg)
- Switzerland (6.0 kg)
- United Kingdom (5.0 kg)
- Japan (5.0 kg)
- Norway (4.0 kg)
- Turkey (3.0 kg)
- Hong Kong SAR (3.0 kg)
- Canada (2.0 kg)
- Israel (2.0 kg)
- Australia (2.0 kg)
- Mexico (2.0 kg)
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