Price for Non-Silver Precious Metal Jewelry in Thailand - 2023
Contents:
- Price for Non-Silver Precious Metal Jewelry in Thailand (FOB) - 2022
- Price for Non-Silver Precious Metal Jewelry in Thailand (CIF) - 2022
- Exports of Non-Silver Precious Metal Jewelry in Thailand
- Imports of Non-Silver Precious Metal Jewelry in Thailand
Price for Non-Silver Precious Metal Jewelry in Thailand (FOB) - 2022
In 2022, the average non-silver precious metal jewelry export price amounted to $183,530 per ton, waning by -66.4% against the previous year. In general, the export price continues to indicate a sharp contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 14%. Over the period under review, the average export prices attained the peak figure at $8,824,413 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($28,601 per ton), while the average price for exports to Myanmar ($6,580 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 Myanmar (-9.4%), while the prices for the other major destinations experienced a decline.
Price for Non-Silver Precious Metal Jewelry in Thailand (CIF) - 2022
In 2022, the average non-silver precious metal jewelry import price amounted to $62,283 per ton, declining by -15.2% against the previous year. Over the period under review, the import price saw a abrupt curtailment. The growth pace was the most rapid in 2019 an increase of 63%. Over the period under review, average import prices hit record highs at $449,804 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 France ($154,812 per ton), while the price for Singapore ($30,928 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (-1.8%), while the prices for the other major suppliers experienced a decline.
Exports of Non-Silver Precious Metal Jewelry in Thailand
In 2022, the amount of non-silver precious metal jewelry exported from Thailand surged to 13K tons, increasing by 322% compared with the previous year's figure. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, non-silver precious metal jewelry exports surged to $2.3B in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +5.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +93.2% against 2020 indices. 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 Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 174 | 74.9 | 58.8 | 103 | -16.0% |
| Myanmar | N/A | 0.1 | 0.6 | 39.7 | 1892.5% |
| Turkey | 3.3 | 14.0 | 1.6 | 8.5 | 37.1% |
| Monaco | N/A | 0.1 | 0.4 | 4.2 | 548.1% |
| Others | 1,785 | 1,108 | 1,569 | 2,157 | 6.5% |
| Total | 1,963 | 1,197 | 1,631 | 2,312 | 5.6% |
Top Export Markets for Non-Silver Precious Metal Jewelry from Thailand in 2022:
- Myanmar (6.0K tons)
- Italy (5.4K tons)
- Turkey (0.3K tons)
- Monaco (0.3K tons)
Imports of Non-Silver Precious Metal Jewelry in Thailand
Non-silver precious metal jewelry imports into Thailand skyrocketed to 16K tons in 2022, with an increase of 107% against 2021. Overall, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, non-silver precious metal jewelry imports surged to $980M in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Non-Silver Precious Metal Jewelry in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 18.2 | 64.0 | 86.1 | 133 | 94.1% |
| Italy | 111 | 51.6 | 80.1 | 130 | 5.4% |
| United States | 16.9 | 20.1 | 31.0 | 99.1 | 80.3% |
| China | 11.0 | 49.2 | 117 | 84.5 | 97.3% |
| Switzerland | 56.8 | 15.5 | 31.2 | 74.7 | 9.6% |
| Hong Kong SAR | 57.6 | 43.8 | 22.6 | 51.6 | -3.6% |
| India | 22.2 | 26.2 | 37.0 | 42.5 | 24.2% |
| Japan | 10.1 | 16.7 | 20.4 | 28.4 | 41.1% |
| Singapore | 13.3 | 9.9 | 3.4 | 8.2 | -14.9% |
| Others | 195 | 172 | 130 | 328 | 18.9% |
| Total | 513 | 469 | 559 | 980 | 24.1% |
Top Suppliers of Non-Silver Precious Metal Jewelry to Thailand in 2022:
- Italy (3.4K tons)
- China (2.5K tons)
- United States (2.3K tons)
- France (0.9K tons)
- Hong Kong SAR (0.9K tons)
- India (0.7K tons)
- Japan (0.7K tons)
- Switzerland (0.5K tons)
- Singapore (0.3K tons)
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