Price for Non-Silver Precious Metal Jewelry in Myanmar - 2022
Contents:
- Price for Non-Silver Precious Metal Jewelry in Myanmar (CIF) - 2022
- Price for Non-Silver Precious Metal Jewelry in Myanmar (FOB) - 2022
- Imports of Non-Silver Precious Metal Jewelry in Myanmar
- Exports of Non-Silver Precious Metal Jewelry in Myanmar
Price for Non-Silver Precious Metal Jewelry in Myanmar (CIF) - 2022
The average non-silver precious metal jewelry import price stood at $1,598,333 per ton in 2022, with a decrease of -97.7% against the previous year. Over the period under review, the import price showed a sharp decrease. The most prominent rate of growth was recorded in 2016 an increase of 28%. The import price peaked at $77,955,367 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($4,423,000 per ton), while the price for Thailand ($8,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+36.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Silver Precious Metal Jewelry in Myanmar (FOB) - 2022
The average non-silver precious metal jewelry export price stood at $5,120,053 per ton in 2022, shrinking by -88.9% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2014 an increase of 79%. The export price peaked at $65,369,630 per ton in 2020; however, from 2021 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 China ($48,561,734 per ton), while the average price for exports to France ($1,973,000 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 China (+51.9%), while the prices for the other major destinations experienced a decline.
Imports of Non-Silver Precious Metal Jewelry in Myanmar
Non-silver precious metal jewelry imports into Myanmar fell markedly to 3 kg in 2022, which is down by -91.4% compared with the previous year's figure. Overall, imports saw a significant decline. The growth pace was the most rapid in 2021 when imports increased by 13%.
In value terms, non-silver precious metal jewelry imports reduced notably to $4.8K in 2022. Over the period under review, imports showed a sharp shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 25%.
| Import of Non-Silver Precious Metal Jewelry in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 4.4 | 0% |
| China | 314 | 0.1 | N/A | 0.4 | -89.2% |
| Thailand | 583 | 78.0 | 693 | N/A | 9.0% |
| Malaysia | 231 | 231 | N/A | N/A | 0.0% |
| Singapore | 1,811 | 260 | N/A | N/A | -85.6% |
| Italy | N/A | 123 | 730 | N/A | 493.5% |
| Turkey | N/A | 1,270 | 1,029 | N/A | -19.0% |
| Others | 1.6 | N/A | N/A | N/A | 0% |
| Total | 2,941 | 1,962 | 2,452 | 4.8 | -88.2% |
Top Suppliers of Non-Silver Precious Metal Jewelry to Myanmar in 2022:
- United States (1.0 kg)
- Thailand (1.0 kg)
- China (1.0 kg)
Exports of Non-Silver Precious Metal Jewelry in Myanmar
For the fourth year in a row, Myanmar recorded growth in shipments abroad of non-silver precious metal jewelry, which increased by 7,035% to 2.6 tons in 2022. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, non-silver precious metal jewelry exports skyrocketed to $14M in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Non-Silver Precious Metal Jewelry in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 0.5 | 0.2 | N/A | 6.1 | 130.2% |
| China | 0.7 | 1.2 | 1.5 | 5.3 | 96.4% |
| Hong Kong SAR | N/A | N/A | N/A | 0.8 | 0% |
| Others | 0.5 | 0.3 | 0.2 | 1.3 | 37.5% |
| Total | 1.7 | 1.8 | 1.7 | 13.5 | 99.5% |
Top Export Markets for Non-Silver Precious Metal Jewelry from Myanmar in 2022:
- Taiwan (Chinese) (2389.0 kg)
- Hong Kong SAR (111.0 kg)
- China (109.0 kg)
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