Price for Non-Silver Precious Metal Jewelry in South Africa - 2023
Contents:
- Price for Non-Silver Precious Metal Jewelry in South Africa (FOB) - 2022
- Price for Non-Silver Precious Metal Jewelry in South Africa (CIF) - 2022
- Exports of Non-Silver Precious Metal Jewelry in South Africa
- Imports of Non-Silver Precious Metal Jewelry in South Africa
Price for Non-Silver Precious Metal Jewelry in South Africa (FOB) - 2022
The average non-silver precious metal jewelry export price stood at $10,405,745 per ton in 2022, rising by 3.1% against the previous year. Overall, the export price enjoyed significant growth. The growth pace was the most rapid in 2013 when the average export price increased by 50% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.
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 States ($25,680,252 per ton), while the average price for exports to Namibia ($125,897 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 Botswana (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Non-Silver Precious Metal Jewelry in South Africa (CIF) - 2022
In 2022, the average non-silver precious metal jewelry import price amounted to $1,997,368 per ton, waning by -2% against the previous year. Over the period under review, the import price saw a deep downturn. The growth pace was the most rapid in 2016 an increase of 35% against the previous year. As a result, import price attained the peak level of $3,952 per kg. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($8,096,000 per ton), while the price for Namibia ($250,750 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Non-Silver Precious Metal Jewelry in South Africa
Non-silver precious metal jewelry exports from South Africa expanded to 18 tons in 2022, rising by 3.5% against 2021 figures. Overall, exports, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year.
In value terms, non-silver precious metal jewelry exports totaled $183M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Non-Silver Precious Metal Jewelry in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 92.0 | 110 | 160 | 164 | 21.3% |
| United Arab Emirates | 6.1 | 0.1 | 1.7 | 8.9 | 13.4% |
| United Kingdom | 4.3 | 5.2 | 3.9 | 6.3 | 13.6% |
| Namibia | 1.5 | 0.7 | 0.8 | 0.9 | -15.7% |
| Botswana | 0.8 | 0.7 | 0.8 | 0.6 | -9.1% |
| Zambia | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Swaziland | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| China | 26.7 | N/A | 0.1 | N/A | -93.9% |
| Others | 3.6 | 2.1 | 3.7 | 2.8 | -8.0% |
| Total | 135 | 119 | 172 | 183 | 10.7% |
Top Export Markets for Non-Silver Precious Metal Jewelry from South Africa in 2022:
- China (undefined tons)
- Namibia (7.1 tons)
- United States (6.4 tons)
- Botswana (1.3 tons)
- United Arab Emirates (0.9 tons)
- United Kingdom (0.6 tons)
- Zambia (0.3 tons)
- Swaziland (0.3 tons)
Imports of Non-Silver Precious Metal Jewelry in South Africa
Non-silver precious metal jewelry imports into South Africa skyrocketed to 12 tons in 2022, rising by 32% on 2021 figures. Over the period under review, imports saw resilient growth. The pace of growth appeared the most rapid in 2021 when imports increased by 78% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, non-silver precious metal jewelry imports surged to $24M in 2022. Overall, total imports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +2.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +95.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 51%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Non-Silver Precious Metal Jewelry in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 6.8 | 4.7 | 7.7 | 9.2 | 10.6% |
| India | 2.8 | 1.3 | 2.1 | 3.2 | 4.6% |
| Switzerland | 1.1 | 0.9 | 1.6 | 2.1 | 24.1% |
| United Kingdom | 1.4 | 0.9 | 0.8 | 1.6 | 4.6% |
| Thailand | 0.8 | 0.4 | 0.9 | 1.4 | 20.5% |
| China | 1.4 | 0.6 | 0.9 | 1.3 | -2.4% |
| United States | 0.7 | 0.3 | 0.5 | 0.8 | 4.6% |
| Others | 7.3 | 3.2 | 4.0 | 4.5 | -14.9% |
| Total | 22.4 | 12.2 | 18.5 | 24.0 | 2.3% |
Top Suppliers of Non-Silver Precious Metal Jewelry to South Africa in 2022:
- Italy (5.1 tons)
- China (1.8 tons)
- United States (0.9 tons)
- Thailand (0.7 tons)
- United Kingdom (0.6 tons)
- Switzerland (0.6 tons)
- India (0.5 tons)
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