Price for Non-Silver Precious Metal Jewelry in Pakistan - 2023
Contents:
- Price for Non-Silver Precious Metal Jewelry in Pakistan (FOB) - 2022
- Price for Non-Silver Precious Metal Jewelry in Pakistan (CIF) - 2022
- Exports of Non-Silver Precious Metal Jewelry in Pakistan
- Imports of Non-Silver Precious Metal Jewelry in Pakistan
Price for Non-Silver Precious Metal Jewelry in Pakistan (FOB) - 2022
In 2022, the average non-silver precious metal jewelry export price amounted to $16,886,758 per ton, picking up by 5.8% against the previous year. In general, the export price, however, showed a abrupt downturn. The growth pace was the most rapid in 2018 when the average export price increased by 76% against the previous year. The export price peaked at $39,979,783 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($27,951,694 per ton), while the average price for exports to Canada ($9,074,268 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 the United Arab Emirates (-4.2%), while the prices for the other major destinations experienced a decline.
Price for Non-Silver Precious Metal Jewelry in Pakistan (CIF) - 2022
In 2022, the average non-silver precious metal jewelry import price amounted to $4,482,000 per ton, growing by 100% against the previous year. In general, the import price, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 220% against the previous year. The import price peaked at $41,754,889 per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 ($13,442,000 per ton), while the price for the UK ($1,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-9.2%), while the prices for the other major suppliers experienced a decline.
Exports of Non-Silver Precious Metal Jewelry in Pakistan
Non-silver precious metal jewelry exports from Pakistan surged to 488 kg in 2022, rising by 24% against 2021 figures. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 78%. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, non-silver precious metal jewelry exports surged to $8.2M in 2022. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 53% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.
| Export of Non-Silver Precious Metal Jewelry in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 2.6 | 2.1 | 1.5 | 3.1 | 6.0% |
| United States | 0.6 | 1.1 | 2.7 | 2.9 | 69.1% |
| United Kingdom | 0.1 | 0.5 | 1.5 | 1.5 | 146.6% |
| Canada | 0.3 | 0.2 | 0.3 | 0.4 | 10.1% |
| Qatar | 0.2 | 0.2 | 0.3 | 0.4 | 26.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.8 | 4.1 | 6.3 | 8.2 | 29.2% |
Top Export Markets for Non-Silver Precious Metal Jewelry from Pakistan in 2022:
- United States (222.0 kg)
- United Arab Emirates (111.0 kg)
- United Kingdom (97.0 kg)
- Canada (41.0 kg)
- Qatar (17.0 kg)
Imports of Non-Silver Precious Metal Jewelry in Pakistan
In 2022, approx. 3 kg of non-silver precious metal jewelry were imported into Pakistan; shrinking by -50% against the previous year's figure. In general, imports continue to indicate a dramatic descent. The pace of growth appeared the most rapid in 2021 with an increase of 100% against the previous year.
In value terms, non-silver precious metal jewelry imports dropped slightly to $13K in 2022. Overall, imports faced a dramatic contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 50% against the previous year.
| Import of Non-Silver Precious Metal Jewelry in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 91.6 | 9.0 | 13.5 | 13.4 | -47.3% |
| Hong Kong SAR | N/A | N/A | N/A | N/A | 0% |
| Thailand | N/A | N/A | N/A | N/A | 0% |
| Germany | N/A | N/A | N/A | N/A | 0% |
| Switzerland | N/A | N/A | N/A | N/A | 0% |
| China | N/A | N/A | N/A | N/A | 0% |
| United Kingdom | N/A | N/A | N/A | N/A | 0% |
| Italy | N/A | N/A | N/A | N/A | 0% |
| United States | N/A | N/A | N/A | N/A | 0% |
| Canada | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 91.6 | 9.0 | 13.5 | 13.4 | -47.3% |
Top Suppliers of Non-Silver Precious Metal Jewelry to Pakistan in 2022:
- United Kingdom (1.0 kg)
- United Arab Emirates (1.0 kg)
- China (1.0 kg)
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