Price for Precious Metal-Clad Jewelry of Base Metals in the Philippines - 2023
Contents:
- Price for Precious Metal-Clad Jewelry of Base Metals in the Philippines (CIF) - 2022
- Price for Precious Metal-Clad Jewelry of Base Metals in the Philippines (FOB) - 2022
- Imports of Precious Metal-Clad Jewelry of Base Metals in the Philippines
- Exports of Precious Metal-Clad Jewelry of Base Metals in the Philippines
Price for Precious Metal-Clad Jewelry of Base Metals in the Philippines (CIF) - 2022
In 2022, the average import price for base metal jewelry clad with precious metals amounted to $709,637 per ton, growing by 75% against the previous year. Overall, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $1,180,758 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($5,893,500 per ton), while the price for Italy ($284,822 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+36.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Precious Metal-Clad Jewelry of Base Metals in the Philippines (FOB) - 2022
The average export price for base metal jewelry clad with precious metals stood at $1,045,167 per ton in 2022, picking up by 156% against the previous year. In general, the export price showed a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 United States ($1,096,500 per ton), while the average price for exports to Singapore ($311,671 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 Japan (+214.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Precious Metal-Clad Jewelry of Base Metals in the Philippines
Imports of base metal jewelry clad with precious metals into the Philippines soared to 9.9 tons in 2022, jumping by 18,655% against 2021. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of base metal jewelry clad with precious metals soared to $7.1M in 2022. Overall, imports saw a significant increase. 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 the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 18.3 | 4.9 | 6.6 | 3,695 | 486.7% |
| Taiwan (Chinese) | 16.6 | 12.5 | 14.8 | 3,144 | 474.3% |
| Italy | N/A | N/A | N/A | 153 | 0% |
| Others | 1.2 | 0.1 | 0.1 | 61.3 | 271.0% |
| Total | 36.2 | 17.4 | 21.5 | 7,054 | 479.8% |
Top Suppliers of Precious Metal-Clad Jewelry of Base Metals to the Philippines in 2022:
- Taiwan (Chinese) (7.8 tons)
- Japan (1.5 tons)
- Italy (0.5 tons)
Exports of Precious Metal-Clad Jewelry of Base Metals in the Philippines
In 2022, approx. 1.7 tons of base metal jewelry clad with precious metals were exported from the Philippines; surging by 617% against the previous year. Overall, exports posted a significant increase. 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 skyrocketed to $1.8M in 2022. Over the period under review, exports continue to indicate a significant expansion. 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 the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | N/A | 2.1 | 1,687 | 80233.3% |
| Hong Kong SAR | N/A | 0.5 | N/A | 98.3 | 1302.1% |
| Singapore | 0.9 | 0.5 | 5.7 | 24.6 | 201.2% |
| United Kingdom | 27.1 | 26.5 | 16.2 | N/A | -22.7% |
| Others | 46.2 | 35.3 | 74.7 | 4.4 | -54.3% |
| Total | 74.3 | 62.8 | 98.6 | 1,814 | 190.1% |
Top Export Markets for Precious Metal-Clad Jewelry of Base Metals from the Philippines in 2022:
- Japan (1562.0 kg)
- Hong Kong SAR (91.0 kg)
- Singapore (79.0 kg)
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