Price for Precious Metal-Clad Jewelry of Base Metals in Sri Lanka - 2022
Contents:
- Price for Precious Metal-Clad Jewelry of Base Metals in Sri Lanka (CIF) - 2022
- Price for Precious Metal-Clad Jewelry of Base Metals in Sri Lanka (FOB) - 2022
- Imports of Precious Metal-Clad Jewelry of Base Metals in Sri Lanka
- Exports of Precious Metal-Clad Jewelry of Base Metals in Sri Lanka
Price for Precious Metal-Clad Jewelry of Base Metals in Sri Lanka (CIF) - 2022
In 2022, the average import price for base metal jewelry clad with precious metals amounted to $51,232 per ton, dropping by -70.6% against the previous year. In general, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 an increase of 1,442%. The import price peaked at $174,378 per ton in 2021, and then shrank remarkably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($74,000 per ton), while the price for China ($4,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+29.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Precious Metal-Clad Jewelry of Base Metals in Sri Lanka (FOB) - 2022
The average export price for base metal jewelry clad with precious metals stood at $1,412,500 per ton in 2022, with an increase of 40% against the previous year. Over the period under review, the export price recorded a resilient expansion. The growth pace was the most rapid in 2019 an increase of 124% against the previous year. As a result, the export price attained the peak level of $1,479,360 per ton. From 2020 to 2022, the average 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 Japan ($2,271,000 per ton), while the average price for exports to the United States totaled $554,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+75.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Precious Metal-Clad Jewelry of Base Metals in Sri Lanka
In 2022, purchases abroad of base metal jewelry clad with precious metals was finally on the rise to reach 4.5 tons after two years of decline. In general, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of base metal jewelry clad with precious metals surged to $232K in 2022. Over the period under review, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Precious Metal-Clad Jewelry of Base Metals in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 44.7 | 38.3 | 9.8 | 232 | 73.1% |
| China | 0.4 | N/A | 0.4 | N/A | 0.0% |
| Italy | 20.4 | 40.8 | 23.4 | N/A | 7.1% |
| Others | 1.7 | 0.6 | 39.8 | 0.2 | -51.0% |
| Total | 67.1 | 79.7 | 73.4 | 232 | 51.2% |
Top Suppliers of Precious Metal-Clad Jewelry of Base Metals to Sri Lanka in 2022:
- Japan (4.5 tons)
Exports of Precious Metal-Clad Jewelry of Base Metals in Sri Lanka
After three years of growth, shipments abroad of base metal jewelry clad with precious metals decreased by -94.3% to 2 kg in 2022. Over the period under review, exports faced a significant curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 40%. As a result, the exports attained the peak of 35 kg, and then contracted rapidly in the following year.
In value terms, exports of base metal jewelry clad with precious metals contracted rapidly to $2.8K in 2022. Overall, exports faced a significant decrease. The pace of growth was the most pronounced in 2021 when exports increased by 4.9% against the previous year.
| Export of Precious Metal-Clad Jewelry of Base Metals in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 0.9 | 13.7 | 2.6 | 2.3 | 36.7% |
| United States | 4.4 | N/A | 5.0 | 0.6 | -48.5% |
| Norway | 1.2 | 0.6 | 3.9 | N/A | 80.3% |
| Germany | 1.8 | 4.1 | 4.1 | N/A | 50.9% |
| Australia | 0.5 | 0.5 | 2.3 | N/A | 114.5% |
| Sweden | N/A | 0.1 | N/A | N/A | 0% |
| Malaysia | 23.2 | 2.9 | 0.6 | N/A | -83.9% |
| France | 1.5 | 1.9 | 0.6 | N/A | -36.8% |
| Taiwan (Chinese) | 0.2 | 2.5 | 0.3 | N/A | 22.5% |
| Netherlands | 0.2 | 0.3 | 0.3 | N/A | 22.5% |
| Canada | 1.3 | 0.2 | 1.9 | N/A | 20.9% |
| Others | 1.9 | 6.8 | 13.8 | N/A | 169.5% |
| Total | 37.0 | 33.7 | 35.3 | 2.8 | -57.7% |
Top Export Markets for Precious Metal-Clad Jewelry of Base Metals from Sri Lanka in 2022:
- United States (1.0 kg)
- Japan (1.0 kg)
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