Price for Precious Metal-Clad Jewelry of Base Metals in the UK - 2023
Contents:
- Price for Precious Metal-Clad Jewelry of Base Metals in the UK (CIF) - 2022
- Price for Precious Metal-Clad Jewelry of Base Metals in the UK (FOB) - 2022
- Imports of Precious Metal-Clad Jewelry of Base Metals in the UK
- Exports of Precious Metal-Clad Jewelry of Base Metals in the UK
Price for Precious Metal-Clad Jewelry of Base Metals in the UK (CIF) - 2022
The average import price for base metal jewelry clad with precious metals stood at $483,675 per ton in 2022, waning by -9.9% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the average import price increased by 42%. The import price peaked at $536,985 per ton in 2021, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($2,060,635 per ton), while the price for Portugal ($27,170 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+14.6%), 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 UK (FOB) - 2022
The average export price for base metal jewelry clad with precious metals stood at $235,013 per ton in 2022, increasing by 35% against the previous year. In general, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for base metal jewelry clad with precious metals increased by +104.4% against 2019 indices. The growth pace was the most rapid in 2016 an increase of 79%. As a result, the export price reached the peak level of $278,478 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($888,995 per ton), while the average price for exports to Sweden ($18,944 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 (+5.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Precious Metal-Clad Jewelry of Base Metals in the UK
In 2022, supplies from abroad of base metal jewelry clad with precious metals was finally on the rise to reach 102 tons after two years of decline. Overall, imports recorded 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 skyrocketed to $49M in 2022. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Precious Metal-Clad Jewelry of Base Metals in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 0.9 | 0.5 | 0.9 | 10.6 | 127.5% |
| Italy | 1.1 | 1.0 | 0.8 | 7.1 | 86.2% |
| China | 1.4 | 0.8 | 1.1 | 6.2 | 64.2% |
| Hong Kong SAR | 0.6 | 0.2 | 0.4 | 3.8 | 85.0% |
| Switzerland | 2.4 | N/A | 0.3 | 3.6 | 14.5% |
| United States | 1.3 | 0.5 | 0.6 | 3.5 | 39.1% |
| Turkey | 0.7 | 0.4 | 0.4 | 3.1 | 64.2% |
| France | 1.1 | 0.2 | 0.3 | 1.4 | 8.4% |
| Poland | N/A | N/A | N/A | 0.8 | 0% |
| Germany | 0.2 | 0.2 | 0.1 | 0.5 | 35.7% |
| Greece | 0.1 | N/A | N/A | 0.3 | 44.2% |
| Denmark | 0.1 | 0.2 | N/A | 0.2 | 26.0% |
| Portugal | N/A | N/A | N/A | 0.1 | 0% |
| Others | 15.3 | 5.3 | 3.8 | 8.5 | -17.8% |
| Total | 25.3 | 9.3 | 8.7 | 49.5 | 25.1% |
Top Suppliers of Precious Metal-Clad Jewelry of Base Metals to the UK in 2022:
- China (23.4 tons)
- United States (14.0 tons)
- Italy (13.1 tons)
- France (10.7 tons)
- Thailand (7.5 tons)
- Poland (6.5 tons)
- Germany (4.4 tons)
- Turkey (2.8 tons)
- Switzerland (2.7 tons)
- Greece (2.0 tons)
- Portugal (1.9 tons)
- Denmark (1.8 tons)
- Hong Kong SAR (1.8 tons)
Exports of Precious Metal-Clad Jewelry of Base Metals in the UK
In 2022, approx. 158 tons of base metal jewelry clad with precious metals were exported from the UK; rising by 106% on the previous year. Overall, exports posted a significant 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 skyrocketed to $37M in 2022. In general, exports showed 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 UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | N/A | N/A | 27.3 | 4,401 | 16020.9% |
| United States | 457 | 152 | 1,266 | 4,235 | 110.0% |
| Nigeria | 0.4 | 53.3 | 105 | 2,647 | 1777.4% |
| Germany | 183 | 619 | 1,112 | 1,062 | 79.7% |
| Belgium | 29.0 | 30.3 | 187 | 978 | 223.1% |
| France | 2,717 | 3,535 | 970 | 858 | -31.9% |
| Netherlands | 232 | 316 | 451 | 549 | 33.3% |
| Senegal | N/A | N/A | N/A | 320 | 0% |
| Barbados | N/A | 0.7 | 0.1 | 260 | 1827.2% |
| Cyprus | 1.7 | 2.0 | 10.1 | 207 | 395.6% |
| Sweden | 91.7 | 110 | 437 | 138 | 14.6% |
| Denmark | 13.3 | 17.1 | 61.2 | 135 | 116.5% |
| Austria | 8.5 | 14.8 | 218 | 130 | 148.2% |
| Others | 5,261 | 7,721 | 8,478 | 21,190 | 59.1% |
| Total | 8,994 | 12,572 | 13,323 | 37,110 | 60.4% |
Top Export Markets for Precious Metal-Clad Jewelry of Base Metals from the UK in 2022:
- Nigeria (34.2 tons)
- Macao SAR (20.0 tons)
- Netherlands (15.3 tons)
- Cyprus (9.5 tons)
- Belgium (8.3 tons)
- Barbados (7.6 tons)
- Sweden (7.3 tons)
- France (5.6 tons)
- Germany (5.5 tons)
- United States (4.8 tons)
- Austria (4.3 tons)
- Senegal (3.6 tons)
- Denmark (2.8 tons)
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