Price for Non-Silver Precious Metal Jewelry in Kenya - 2021

Contents:

1. Price for Non-Silver Precious Metal Jewelry in Kenya (FOB) - 2022
2. Price for Non-Silver Precious Metal Jewelry in Kenya (CIF) - 2022
3. Exports of Non-Silver Precious Metal Jewelry in Kenya
4. Imports of Non-Silver Precious Metal Jewelry in Kenya

Price for Non-Silver Precious Metal Jewelry in Kenya (FOB) - 2022

The average non-silver precious metal jewelry export price stood at $1,909,517 per ton in 2022, with a decrease of -35.9% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 355% against the previous year. As a result, the export price attained the peak level of $2,980 per kg, and then fell remarkably in the following year.

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 Denmark ($3,045,000 per ton), while the average price for exports to Botswana ($2,000 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 Denmark (+33.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Non-Silver Precious Metal Jewelry in Kenya (CIF) - 2022

In 2022, the average non-silver precious metal jewelry import price amounted to $49,991,915 per ton, reducing by -23.8% against the previous year. In general, the import price, however, continues to indicate prominent growth. The pace of growth was the most pronounced in 2021 when the average import price increased by 69% against the previous year. As a result, import price attained the peak level of $65,576 per kg, and then reduced sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($101,279,833 per ton), while the price for South Africa ($2,093,784 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+31.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Non-Silver Precious Metal Jewelry in Kenya

In 2022, the amount of non-silver precious metal jewelry exported from Kenya contracted to 29 kg, shrinking by -6.5% on 2021. Overall, exports continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 11%. As a result, the exports reached the peak of 31 kg, and then contracted in the following year.

In value terms, non-silver precious metal jewelry exports reduced remarkably to $55K in 2022. In general, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 403%. As a result, the exports attained the peak of $92K, and then dropped sharply in the following year.

Top Export Markets for Non-Silver Precious Metal Jewelry from Kenya in 2022:

1. Canada (1.0 kg)
2. Australia (1.0 kg)
3. Italy (1.0 kg)
4. Denmark (1.0 kg)
5. France (1.0 kg)
6. Austria (1.0 kg)
7. China (1.0 kg)
8. Ireland (1.0 kg)
9. Belgium (1.0 kg)
10. Germany (1.0 kg)
11. Cameroon (1.0 kg)
12. Botswana (1.0 kg)
13. Hong Kong SAR (1.0 kg)

Imports of Non-Silver Precious Metal Jewelry in Kenya

In 2022, approx. 810 kg of non-silver precious metal jewelry were imported into Kenya; growing by 16% on 2021 figures. The total import volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 22%. As a result, imports reached the peak of 908 kg. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-silver precious metal jewelry imports dropped to $40M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 42%.

Top Suppliers of Non-Silver Precious Metal Jewelry to Kenya in 2022:

1. United Arab Emirates (317.0 kg)
2. South Africa (218.0 kg)
3. Switzerland (183.0 kg)
4. Thailand (49.0 kg)
5. China (21.0 kg)

Source: IndexBox Market Intelligence Platform