Price for Precious Metal-Clad Jewelry of Base Metals in the United States - 2023
Contents:
- Price for Precious Metal-Clad Jewelry of Base Metals in the United States (CIF) - 2022
- Price for Precious Metal-Clad Jewelry of Base Metals in the United States (FOB) - 2023
- Imports of Precious Metal-Clad Jewelry of Base Metals in the United States
- Exports of Precious Metal-Clad Jewelry of Base Metals in the United States
Price for Precious Metal-Clad Jewelry of Base Metals in the United States (CIF) - 2022
In 2022, the average import price for base metal jewelry clad with precious metals amounted to $2,994,658 per ton, rising by 30% against the previous year. Over the period under review, the import price saw a buoyant expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 191% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
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 Jordan ($5,289,986 per ton), while the price for Brazil ($208,190 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+27.7%), 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 United States (FOB) - 2023
The average export price for base metal jewelry clad with precious metals stood at $1.4M per ton in December 2023, shrinking by -8.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in August 2023 an increase of 43% month-to-month. Over the period under review, the average export prices hit record highs at $1.5M per ton in November 2023, and then contracted in the following month.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Belgium ($5.4M per ton), while the average price for exports to Mexico ($890K per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+15.0%), 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 United States
In 2022, imports of base metal jewelry clad with precious metals into the United States surged to 155 tons, jumping by 1,210% compared with the previous year's figure. Overall, imports continue to indicate a significant increase. 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 $464M in 2022. In general, imports recorded significant growth. 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 United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Jordan | 1.1 | 18.8 | 24.3 | 429 | 630.6% |
Spain | 5.1 | 3.1 | 0.5 | 4.7 | -2.7% |
India | 4.1 | 1.5 | 0.3 | 4.2 | 0.8% |
China | 4.1 | 2.9 | 0.4 | 3.9 | -1.7% |
Italy | 1.8 | 1.7 | 0.3 | 3.5 | 24.8% |
Brazil | 1.1 | 0.6 | 0.2 | 2.4 | 29.7% |
Turkey | 0.9 | 1.6 | 0.2 | 2.0 | 30.5% |
Indonesia | 1.0 | 0.7 | N/A | 1.1 | 3.2% |
South Korea | 0.8 | 0.5 | 0.1 | 0.4 | -20.6% |
Others | 7.4 | 5.9 | 1.0 | 12.4 | 18.8% |
Total | 27.5 | 37.4 | 27.2 | 464 | 156.5% |
Top Suppliers of Precious Metal-Clad Jewelry of Base Metals to the United States in 2022:
- Jordan (81.1 tons)
- China (14.3 tons)
- Brazil (11.7 tons)
- Spain (10.4 tons)
- India (9.7 tons)
- Turkey (4.9 tons)
- Italy (4.0 tons)
- Indonesia (3.0 tons)
- South Korea (1.1 tons)
Exports of Precious Metal-Clad Jewelry of Base Metals in the United States
In 2022, the amount of base metal jewelry clad with precious metals exported from the United States surged to 153 tons, rising by 50% against 2021. Over the period under review, exports showed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of base metal jewelry clad with precious metals surged to $48M in 2022. In general, exports recorded resilient 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 the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 0.7 | 0.5 | 3.7 | 10.8 | 148.9% |
Hong Kong SAR | 13.2 | 7.3 | 5.7 | 7.6 | -16.8% |
Mexico | 3.1 | 2.1 | 2.5 | 4.4 | 12.4% |
United Kingdom | 1.3 | 0.9 | 1.6 | 3.5 | 39.1% |
Canada | 1.5 | 1.5 | 3.5 | 2.4 | 17.0% |
Bahamas | 0.2 | 0.2 | N/A | 1.5 | 95.7% |
Israel | 0.3 | 0.4 | 0.4 | 1.2 | 58.7% |
Netherlands | 0.6 | 0.4 | 0.3 | 0.5 | -5.9% |
Costa Rica | 0.5 | 0.4 | 0.5 | 0.4 | -7.2% |
Sweden | N/A | 0.1 | 0.2 | 0.3 | 73.2% |
Peru | N/A | N/A | N/A | 0.1 | 0% |
Bermuda | 1.0 | 0.2 | N/A | N/A | -80.0% |
Cayman Islands | N/A | 5.3 | 3.2 | N/A | -39.6% |
Others | 8.1 | 6.8 | 7.4 | 15.1 | 23.1% |
Total | 30.5 | 26.0 | 28.9 | 47.9 | 16.2% |
Top Export Markets for Precious Metal-Clad Jewelry of Base Metals from the United States in 2022:
- Singapore (41.8 tons)
- Mexico (27.0 tons)
- Sweden (15.0 tons)
- Bahamas (14.6 tons)
- United Kingdom (9.9 tons)
- Canada (9.4 tons)
- Netherlands (4.9 tons)
- Israel (4.7 tons)
- Peru (3.8 tons)
- Costa Rica (3.2 tons)
- Hong Kong SAR (2.3 tons)
- Bermuda (0.3 tons)
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