Price for Precious Metal-Clad Jewelry of Base Metals in India - 2023
Contents:
- Price for Precious Metal-Clad Jewelry of Base Metals in India (FOB) - 2022
- Price for Precious Metal-Clad Jewelry of Base Metals in India (CIF) - 2022
- Exports of Precious Metal-Clad Jewelry of Base Metals in India
- Imports of Precious Metal-Clad Jewelry of Base Metals in India
Price for Precious Metal-Clad Jewelry of Base Metals in India (FOB) - 2022
The average export price for base metal jewelry clad with precious metals stood at $281,240 per ton in 2022, waning by -54.7% against the previous year. Overall, the export price saw a abrupt setback. The pace of growth appeared the most rapid in 2021 an increase of 23% against the previous year. Over the period under review, the average export prices attained the maximum at $876,228 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($1,033,500 per ton), while the average price for exports to Bangladesh ($36,695 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 Singapore (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Precious Metal-Clad Jewelry of Base Metals in India (CIF) - 2022
In 2022, the average import price for base metal jewelry clad with precious metals amounted to $2,189,491 per ton, rising by 212% against the previous year. Overall, the import price posted a strong expansion. The most prominent rate of growth was recorded in 2015 when the average import price increased by 213% against the previous year. Over the period under review, average import prices attained the maximum at $3,572,250 per ton in 2019; however, from 2020 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 Switzerland ($3,348,677 per ton), while the price for the Netherlands ($50,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Precious Metal-Clad Jewelry of Base Metals in India
For the third year in a row, India recorded decline in overseas shipments of base metal jewelry clad with precious metals, which decreased by -89.2% to 1.2 tons in 2022. Over the period under review, exports recorded a precipitous contraction. The smallest decline of -4% was in 2021.
In value terms, exports of base metal jewelry clad with precious metals declined remarkably to $349K in 2022. In general, exports continue to indicate a dramatic curtailment. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year.
| Export of Precious Metal-Clad Jewelry of Base Metals in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3,695 | 1,560 | 1,530 | 79.8 | -72.2% |
| Singapore | 41.8 | 140 | 272 | 74.1 | 21.0% |
| United Arab Emirates | 4.5 | 35.4 | 25.9 | 66.5 | 145.4% |
| Australia | 11.6 | 29.4 | 81.8 | 52.3 | 65.2% |
| Canada | 221 | 92.1 | 202 | 23.3 | -52.8% |
| Bangladesh | N/A | N/A | N/A | 17.4 | 0% |
| Switzerland | 15.2 | 15.1 | 7.0 | 8.2 | -18.6% |
| United Kingdom | 956 | 1,071 | 1,533 | 2.1 | -87.0% |
| Sweden | 22.9 | 21.1 | 54.8 | 0.2 | -79.4% |
| Fiji | 157 | N/A | 0.5 | N/A | -94.4% |
| Malaysia | 425 | 103 | 87.5 | N/A | -54.6% |
| Mexico | 593 | 219 | 126 | N/A | -53.9% |
| Qatar | 1,384 | 1,581 | 1,463 | N/A | 2.8% |
| Others | 590 | 1,153 | 1,731 | 24.9 | -65.2% |
| Total | 8,117 | 6,020 | 7,116 | 349 | -65.0% |
Top Export Markets for Precious Metal-Clad Jewelry of Base Metals from India in 2022:
- Bangladesh (475.0 kg)
- United Arab Emirates (202.0 kg)
- Singapore (200.0 kg)
- United States (121.0 kg)
- Canada (82.0 kg)
- Switzerland (76.0 kg)
- Australia (52.0 kg)
- Sweden (4.0 kg)
- United Kingdom (2.0 kg)
Imports of Precious Metal-Clad Jewelry of Base Metals in India
For the third consecutive year, India recorded decline in purchases abroad of base metal jewelry clad with precious metals, which decreased by -82.3% to 53 kg in 2022. Overall, imports recorded a dramatic downturn. The smallest decline of -15.7% was in 2020.
In value terms, imports of base metal jewelry clad with precious metals fell rapidly to $116K in 2022. In general, imports saw a precipitous contraction.
| Import of Precious Metal-Clad Jewelry of Base Metals in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 2,478 | 1,559 | 163 | 104 | -65.2% |
| Spain | N/A | N/A | N/A | 10.9 | 0% |
| United States | 363 | 31.7 | 4.1 | 1.0 | -86.0% |
| United Kingdom | 36.8 | N/A | 0.3 | 0.2 | -82.4% |
| Netherlands | N/A | N/A | N/A | 0.1 | 0% |
| China | 255 | N/A | N/A | N/A | 0% |
| United Arab Emirates | N/A | 62.2 | 38.1 | N/A | -38.7% |
| Others | 26.2 | 31.4 | 5.0 | N/A | -56.3% |
| Total | 3,158 | 1,684 | 211 | 116 | -66.8% |
Top Suppliers of Precious Metal-Clad Jewelry of Base Metals to India in 2022:
- Switzerland (31.0 kg)
- Spain (19.0 kg)
- United States (1.0 kg)
- Netherlands (1.0 kg)
- United Kingdom (1.0 kg)
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