Price for Precious Metal-Clad Jewelry of Base Metals in Azerbaijan - 2023

Contents:

  1. Price for Precious Metal-Clad Jewelry of Base Metals in Azerbaijan (CIF) - 2022
  2. Imports of Precious Metal-Clad Jewelry of Base Metals in Azerbaijan

Price for Precious Metal-Clad Jewelry of Base Metals in Azerbaijan (CIF) - 2022

The average import price for base metal jewelry clad with precious metals stood at $717,680 per ton in 2022, rising by 19% against the previous year. Overall, the import price, however, saw a abrupt setback. The pace of growth was the most pronounced in 2020 when the average import price increased by 350%. As a result, import price attained the peak level of $1,833 per kg. From 2021 to 2022, the average 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 ($1,795,600 per ton), while the price for Thailand ($25,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2,870.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Precious Metal-Clad Jewelry of Base Metals in Azerbaijan

In 2022, overseas purchases of base metal jewelry clad with precious metals decreased by -7.4% to 25 kg, falling for the second consecutive year after two years of growth. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +7.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -34.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 90%. As a result, imports reached the peak of 38 kg. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of base metal jewelry clad with precious metals amounted to $18K in 2022. Over the period under review, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 754%. As a result, imports reached the peak of $70K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Precious Metal-Clad Jewelry of Base Metals in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States0.13.27.39.0348.1%
Italy0.20.41.63.7164.5%
China0.2N/A2.12.7138.1%
GreeceN/AN/AN/A2.20%
Mexico0.11.40.50.226.0%
France0.11.00.60.10.0%
Spain1.119.70.2N/A-57.4%
ThailandN/AN/AN/AN/A0%
GermanyN/AN/AN/AN/A0%
Belgium5.939.1N/AN/A562.7%
Austria0.11.20.9N/A200.0%
United KingdomN/A2.43.0N/A25.0%
Netherlands0.30.9N/AN/A200.0%
OthersN/A0.20.1N/A-50.0%
Total8.269.716.317.929.7%

Top Suppliers of Precious Metal-Clad Jewelry of Base Metals to Azerbaijan in 2022:

  1. Italy (10.0 kg)
  2. United States (5.0 kg)
  3. China (5.0 kg)
  4. Greece (2.0 kg)
  5. Mexico (1.0 kg)
  6. France (1.0 kg)
  7. Thailand (1.0 kg)

Source: IndexBox Market Intelligence Platform

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Free Data: Base Metal Jewelry Clad with Precious Metals - Azerbaijan