Price for Precious Metal-Clad Jewelry of Base Metals in Latvia - 2023
Contents:
- Price for Precious Metal-Clad Jewelry of Base Metals in Latvia (CIF) - 2022
- Price for Precious Metal-Clad Jewelry of Base Metals in Latvia (FOB) - 2022
- Imports of Precious Metal-Clad Jewelry of Base Metals in Latvia
- Exports of Precious Metal-Clad Jewelry of Base Metals in Latvia
Price for Precious Metal-Clad Jewelry of Base Metals in Latvia (CIF) - 2022
The average import price for base metal jewelry clad with precious metals stood at $323,270 per ton in 2022, reducing by -10.1% against the previous year. In general, the import price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2016 an increase of 26%. The import price peaked at $517,852 per ton in 2013; however, from 2014 to 2022, 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 ($2,184,000 per ton), while the price for Lithuania ($57,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+39.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Precious Metal-Clad Jewelry of Base Metals in Latvia (FOB) - 2022
In 2022, the average export price for base metal jewelry clad with precious metals amounted to $266,107 per ton, reducing by -33.1% against the previous year. Overall, the export price showed a noticeable reduction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 306%. Over the period under review, the average export prices hit record highs at $2,047,500 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
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 ($475,500 per ton), while the average price for exports to Lithuania ($157,800 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 the United States (+69.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Precious Metal-Clad Jewelry of Base Metals in Latvia
In 2022, purchases abroad of base metal jewelry clad with precious metals decreased by -2.8% to 141 kg, falling for the second year in a row after two years of growth. In general, imports, however, showed prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 231% against the previous year. As a result, imports attained the peak of 328 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 dropped to $46K in 2022. Overall, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 157%. As a result, imports reached the peak of $98K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Precious Metal-Clad Jewelry of Base Metals in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 13.3 | 13.0 | 15.6 | 13.1 | -0.5% |
| Italy | 5.3 | 6.6 | 5.4 | 10.9 | 27.2% |
| Estonia | 12.6 | 40.1 | 6.4 | 4.5 | -29.1% |
| United Kingdom | 0.6 | 0.7 | 9.5 | 4.2 | 91.3% |
| Germany | 3.8 | 7.3 | 4.4 | 4.2 | 3.4% |
| Turkey | N/A | N/A | 0.1 | 3.8 | 3700.0% |
| China | 1.0 | 1.7 | 2.1 | 1.8 | 21.6% |
| Spain | N/A | 24.0 | 1.2 | 0.3 | -88.8% |
| Netherlands | N/A | 2.2 | 0.3 | N/A | -86.4% |
| Others | 1.4 | 2.1 | 7.1 | 2.8 | 26.0% |
| Total | 38.0 | 97.7 | 52.1 | 45.6 | 6.3% |
Top Suppliers of Precious Metal-Clad Jewelry of Base Metals to Latvia in 2022:
- Germany (40.0 kg)
- United Kingdom (24.0 kg)
- Turkey (22.0 kg)
- Italy (21.0 kg)
- Estonia (13.0 kg)
- United States (6.0 kg)
- China (2.0 kg)
- Spain (2.0 kg)
Exports of Precious Metal-Clad Jewelry of Base Metals in Latvia
In 2022, after three years of growth, there was significant decline in shipments abroad of base metal jewelry clad with precious metals, when their volume decreased by -90.5% to 28 kg. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 5,825%.
In value terms, exports of base metal jewelry clad with precious metals fell significantly to $7.5K in 2022. Over the period under review, exports showed a pronounced shrinkage. The growth pace was the most rapid in 2020 with an increase of 1,531% against the previous year. As a result, the exports reached the peak of $134K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Precious Metal-Clad Jewelry of Base Metals in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 2.9 | 0% |
| Estonia | 2.0 | 1.8 | 81.5 | 2.6 | 9.1% |
| Lithuania | N/A | N/A | N/A | 1.6 | 0% |
| France | N/A | N/A | N/A | 0.3 | 0% |
| Germany | 6.1 | N/A | 36.4 | N/A | 144.3% |
| Italy | N/A | 132 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 8.2 | 134 | 118 | 7.5 | -2.9% |
Top Export Markets for Precious Metal-Clad Jewelry of Base Metals from Latvia in 2022:
- Estonia (11.0 kg)
- Lithuania (10.0 kg)
- United States (6.0 kg)
- France (1.0 kg)
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