Price for Precious Metal-Clad Jewelry of Base Metals in Azerbaijan - 2023
Contents:
- Price for Precious Metal-Clad Jewelry of Base Metals in Azerbaijan (CIF) - 2022
- 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) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 0.1 | 3.2 | 7.3 | 9.0 | 348.1% |
Italy | 0.2 | 0.4 | 1.6 | 3.7 | 164.5% |
China | 0.2 | N/A | 2.1 | 2.7 | 138.1% |
Greece | N/A | N/A | N/A | 2.2 | 0% |
Mexico | 0.1 | 1.4 | 0.5 | 0.2 | 26.0% |
France | 0.1 | 1.0 | 0.6 | 0.1 | 0.0% |
Spain | 1.1 | 19.7 | 0.2 | N/A | -57.4% |
Thailand | N/A | N/A | N/A | N/A | 0% |
Germany | N/A | N/A | N/A | N/A | 0% |
Belgium | 5.9 | 39.1 | N/A | N/A | 562.7% |
Austria | 0.1 | 1.2 | 0.9 | N/A | 200.0% |
United Kingdom | N/A | 2.4 | 3.0 | N/A | 25.0% |
Netherlands | 0.3 | 0.9 | N/A | N/A | 200.0% |
Others | N/A | 0.2 | 0.1 | N/A | -50.0% |
Total | 8.2 | 69.7 | 16.3 | 17.9 | 29.7% |
Top Suppliers of Precious Metal-Clad Jewelry of Base Metals to Azerbaijan in 2022:
- Italy (10.0 kg)
- United States (5.0 kg)
- China (5.0 kg)
- Greece (2.0 kg)
- Mexico (1.0 kg)
- France (1.0 kg)
- Thailand (1.0 kg)
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