Price for Precious Metal-Clad Jewelry of Base Metals in South Korea - 2022
Contents:
- Price for Precious Metal-Clad Jewelry of Base Metals in South Korea (CIF) - 2022
- Price for Precious Metal-Clad Jewelry of Base Metals in South Korea (FOB) - 2022
- Imports of Precious Metal-Clad Jewelry of Base Metals in South Korea
- Exports of Precious Metal-Clad Jewelry of Base Metals in South Korea
Price for Precious Metal-Clad Jewelry of Base Metals in South Korea (CIF) - 2022
In 2022, the average import price for base metal jewelry clad with precious metals amounted to $361,602 per ton, reducing by -15.5% against the previous year. In general, the import price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 19% against the previous year. Over the period under review, average import prices attained the maximum at $603,068 per ton in 2015; however, from 2016 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 the United States ($1,089,238 per ton), while the price for Italy ($209,782 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Precious Metal-Clad Jewelry of Base Metals in South Korea (FOB) - 2022
The average export price for base metal jewelry clad with precious metals stood at $613,441 per ton in 2022, jumping by 34% against the previous year. Overall, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2014 an increase of 76%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($812,123 per ton), while the average price for exports to the Philippines ($40,333 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 China (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Precious Metal-Clad Jewelry of Base Metals in South Korea
Imports of base metal jewelry clad with precious metals into South Korea soared to 9.3 tons in 2022, picking up by 85% compared with 2021 figures. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 139%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of base metal jewelry clad with precious metals soared to $3.4M in 2022. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 146% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Precious Metal-Clad Jewelry of Base Metals in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 286 | 415 | 656 | 845 | 43.5% |
| Italy | 174 | 519 | 320 | 716 | 60.2% |
| Thailand | 450 | 1,405 | 633 | 710 | 16.4% |
| United States | 98.3 | 276 | 236 | 422 | 62.5% |
| France | 75.9 | 63.9 | 48.8 | 222 | 43.0% |
| Vietnam | 100 | 184 | 76.6 | 185 | 22.8% |
| Hong Kong SAR | 11.3 | 27.3 | 1.8 | 83.2 | 94.5% |
| Others | 47.5 | 163 | 176 | 179 | 55.6% |
| Total | 1,243 | 3,053 | 2,148 | 3,361 | 39.3% |
Top Suppliers of Precious Metal-Clad Jewelry of Base Metals to South Korea in 2022:
- Italy (3.4 tons)
- China (3.4 tons)
- Thailand (0.8 tons)
- France (0.4 tons)
- United States (0.4 tons)
- Hong Kong SAR (0.3 tons)
- Vietnam (0.2 tons)
Exports of Precious Metal-Clad Jewelry of Base Metals in South Korea
Exports of base metal jewelry clad with precious metals from South Korea surged to 3 tons in 2022, picking up by 137% compared with the year before. Over the period under review, exports enjoyed a perceptible expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of base metal jewelry clad with precious metals soared to $1.8M in 2022. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Precious Metal-Clad Jewelry of Base Metals in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 363 | 172 | 381 | 1,472 | 59.5% |
| China | 0.7 | 1.6 | 4.9 | 65.8 | 354.7% |
| United Kingdom | 82.7 | 40.2 | 92.6 | 57.9 | -11.2% |
| Italy | 19.7 | 2.2 | 9.2 | 49.2 | 35.7% |
| Japan | N/A | 4.7 | 0.7 | 27.1 | 140.1% |
| France | 19.3 | 3.9 | 15.4 | 1.8 | -54.7% |
| Taiwan (Chinese) | 244 | 34.9 | 12.3 | 0.3 | -89.3% |
| Indonesia | 14.4 | 6.6 | 0.1 | N/A | -91.7% |
| Others | 67.5 | 78.4 | 62.1 | 158 | 32.8% |
| Total | 811 | 345 | 578 | 1,832 | 31.2% |
Top Export Markets for Precious Metal-Clad Jewelry of Base Metals from South Korea in 2022:
- United States (2561.0 kg)
- Italy (94.0 kg)
- United Kingdom (81.0 kg)
- China (81.0 kg)
- Japan (56.0 kg)
- France (5.0 kg)
- Taiwan (Chinese) (3.0 kg)
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