Price for Precious Metal-Clad Jewelry of Base Metals in Vietnam - 2022
Contents:
- Price for Precious Metal-Clad Jewelry of Base Metals in Vietnam (FOB) - 2022
- Price for Precious Metal-Clad Jewelry of Base Metals in Vietnam (CIF) - 2022
- Exports of Precious Metal-Clad Jewelry of Base Metals in Vietnam
- Imports of Precious Metal-Clad Jewelry of Base Metals in Vietnam
Price for Precious Metal-Clad Jewelry of Base Metals in Vietnam (FOB) - 2022
The average export price for base metal jewelry clad with precious metals stood at $1,273,613 per ton in 2022, with an increase of 78% against the previous year. Overall, the export price showed a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($4,573,351 per ton), while the average price for exports to Sweden ($33,900 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 Italy (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Precious Metal-Clad Jewelry of Base Metals in Vietnam (CIF) - 2022
The average import price for base metal jewelry clad with precious metals stood at $573,993 per ton in 2022, with an increase of 11% against the previous year. In general, the import price, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 when the average import price increased by 106%. Over the period under review, average import prices reached the peak figure at $3,000,109 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($591,750 per ton), while the price for the United States ($502,945 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-2.0%), while the prices for the other major suppliers experienced a decline.
Exports of Precious Metal-Clad Jewelry of Base Metals in Vietnam
For the fourth year in a row, Vietnam recorded growth in shipments abroad of base metal jewelry clad with precious metals, which increased by 310% to 1.8 tons in 2022. In general, exports saw a significant increase. 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 skyrocketed to $2.3M in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Precious Metal-Clad Jewelry of Base Metals in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | N/A | N/A | 13.5 | 627 | 4544.4% |
| Italy | 2.2 | 5.0 | 6.2 | 598 | 547.8% |
| Taiwan (Chinese) | 15.9 | 61.0 | 26.5 | 414 | 196.4% |
| South Korea | 77.2 | 93.7 | 55.6 | 185 | 33.8% |
| France | 1.4 | 10.4 | 51.1 | 49.2 | 227.6% |
| Nicaragua | 15.8 | 14.1 | 26.3 | 42.0 | 38.5% |
| Mexico | 40.0 | 18.7 | 4.0 | 27.0 | -12.3% |
| Sweden | 2.2 | 6.4 | 5.6 | 21.7 | 114.5% |
| Others | 91.8 | 161 | 120 | 291 | 46.9% |
| Total | 246 | 371 | 309 | 2,255 | 109.3% |
Top Export Markets for Precious Metal-Clad Jewelry of Base Metals from Vietnam in 2022:
- Sweden (640.0 kg)
- France (215.0 kg)
- Italy (186.0 kg)
- Taiwan (Chinese) (176.0 kg)
- South Korea (144.0 kg)
- Hong Kong SAR (137.0 kg)
- Nicaragua (111.0 kg)
- Mexico (27.0 kg)
Imports of Precious Metal-Clad Jewelry of Base Metals in Vietnam
In 2022, approx. 598 kg of base metal jewelry clad with precious metals were imported into Vietnam; increasing by 293% against the year before. Overall, imports posted a significant expansion. 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 soared to $343K in 2022. In general, imports posted 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 Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 34.8 | 32.7 | 38.7 | 166 | 68.3% |
| Italy | 53.6 | 20.4 | 33.0 | 162 | 44.6% |
| United States | N/A | 3.1 | 5.0 | 7.8 | 58.6% |
| Others | 12.8 | 0.2 | 2.1 | 8.2 | -13.8% |
| Total | 101 | 56.4 | 78.8 | 343 | 50.3% |
Top Suppliers of Precious Metal-Clad Jewelry of Base Metals to Vietnam in 2022:
- China (284.0 kg)
- Italy (274.0 kg)
- United States (15.0 kg)
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