Price for Non-Silver Precious Metal Jewelry in Kuwait - 2021
Contents:
- Price for Non-Silver Precious Metal Jewelry in Kuwait (CIF) - 2021
- Price for Non-Silver Precious Metal Jewelry in Kuwait (FOB) - 2022
- Imports of Non-Silver Precious Metal Jewelry in Kuwait
- Exports of Non-Silver Precious Metal Jewelry in Kuwait
Price for Non-Silver Precious Metal Jewelry in Kuwait (CIF) - 2021
In December 2021, the average non-silver precious metal jewelry import price amounted to $67.3M per ton, rising by 9.2% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2021 when the average import price increased by 17% against the previous month. Over the period under review, average import prices reached the maximum at $77.7M per ton in June 2021; afterwards, it flattened through to December 2021.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Italy ($219M per ton), while the price for Bahrain ($5.3M per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Silver Precious Metal Jewelry in Kuwait (FOB) - 2022
The average non-silver precious metal jewelry export price stood at $61,719,844 per ton in 2022, increasing by 9.2% against the previous year. Overall, the export price showed a moderate expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 94%. Over the period under review, the average export prices reached the maximum at $128,864,591 per ton in 2016; however, from 2017 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 ($316,735,250 per ton), while the average price for exports to Thailand ($1,866,934 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 Switzerland (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Silver Precious Metal Jewelry in Kuwait
In 2022, the amount of non-silver precious metal jewelry imported into Kuwait reduced remarkably to 14 tons, which is down by -23.4% on 2021 figures. Overall, imports recorded a mild downturn. The growth pace was the most rapid in 2021 when imports increased by 97% against the previous year. As a result, imports reached the peak of 19 tons, and then fell significantly in the following year.
In value terms, non-silver precious metal jewelry imports declined notably to $839M in 2022. Over the period under review, imports, however, posted a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 143%. As a result, imports reached the peak of $1.2B, and then fell notably in the following year.
| Import of Non-Silver Precious Metal Jewelry in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 374 | 240 | 760 | 616 | 18.1% |
| India | 106 | 55.8 | 109 | 57.7 | -18.3% |
| Switzerland | 39.5 | 38.4 | 64.9 | 36.1 | -3.0% |
| France | 51.6 | 52.8 | 86.7 | 21.2 | -25.7% |
| Lebanon | 32.8 | 8.4 | 16.9 | 15.6 | -21.9% |
| Italy | 36.1 | 45.7 | 53.1 | 14.6 | -26.0% |
| Bahrain | 1.7 | 1.7 | 9.1 | 11.5 | 89.1% |
| Others | 50.9 | 47.1 | 88.7 | 66.3 | 9.2% |
| Total | 692 | 490 | 1,188 | 839 | 6.6% |
Top Suppliers of Non-Silver Precious Metal Jewelry to Kuwait in 2022:
- United Arab Emirates (11.7 tons)
- Bahrain (0.5 tons)
- India (0.5 tons)
- Lebanon (0.2 tons)
- Switzerland (0.2 tons)
- Italy (0.1 tons)
- France (0.1 tons)
Exports of Non-Silver Precious Metal Jewelry in Kuwait
In 2022, the amount of non-silver precious metal jewelry exported from Kuwait dropped dramatically to 424 kg, with a decrease of -22.8% on the year before. Over the period under review, exports continue to indicate a dramatic curtailment. The pace of growth was the most pronounced in 2021 with an increase of 96%.
In value terms, non-silver precious metal jewelry exports contracted dramatically to $26M in 2022. In general, exports faced a sharp decline. The pace of growth was the most pronounced in 2021 with an increase of 46%.
| Export of Non-Silver Precious Metal Jewelry in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.0 | 0.4 | 0.5 | 8.0 | 100.0% |
| United Arab Emirates | 32.6 | 6.5 | 16.5 | 8.0 | -37.4% |
| Lebanon | 26.5 | 9.0 | 5.1 | 4.4 | -45.0% |
| Switzerland | 8.0 | 0.6 | 2.6 | 2.5 | -32.1% |
| Hong Kong SAR | 1.7 | 0.3 | 0.3 | 0.7 | -25.6% |
| United Kingdom | 0.3 | 1.7 | N/A | 0.4 | 10.1% |
| Thailand | 0.2 | 0.1 | 0.3 | 0.2 | 0.0% |
| Spain | 0.1 | 0.1 | 0.3 | 0.1 | 0.0% |
| Others | 2.2 | 2.6 | 5.3 | 1.8 | -6.5% |
| Total | 72.7 | 21.3 | 31.0 | 26.2 | -28.8% |
Top Export Markets for Non-Silver Precious Metal Jewelry from Kuwait in 2022:
- United Arab Emirates (140.0 kg)
- Thailand (91.0 kg)
- India (63.0 kg)
- United Kingdom (34.0 kg)
- Lebanon (26.0 kg)
- Spain (20.0 kg)
- Switzerland (8.0 kg)
- Hong Kong SAR (5.0 kg)
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