Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in India - 2023

Contents:

1. Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in India (FOB) - 2022
2. Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in India (CIF) - 2023
3. Exports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in India
4. Imports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in India

Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in India (FOB) - 2022

The average export price for statuettes and other ornaments; of base metal plated with precious metals stood at $9,363 per ton in 2022, reducing by -2.7% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 statuettes and other ornaments; of base metal plated with precious metals increased by +22.7% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 49% against the previous year. The export price peaked at $12,069 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($22,796 per ton), while the average price for exports to Burundi ($2,137 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 (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in India (CIF) - 2023

In October 2023, the average import price for statuettes and other ornaments; of base metal plated with precious metals amounted to $3,250 per ton, which is down by -27.3% against the previous month. Over the period under review, the import price saw a perceptible decrease. The pace of growth was the most pronounced in September 2023 an increase of 229% m-o-m. The import price peaked at $5,230 per ton in December 2022; however, from January 2023 to October 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Italy ($30,931 per ton), while the price for China amounted to $1,086 per ton.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Italy (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in India

In 2022, the amount of statuettes and other ornaments; of base metal plated with precious metals exported from India soared to 280 tons, increasing by 34% compared with the previous year's figure. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +12.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.4% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of statuettes and other ornaments; of base metal plated with precious metals soared to $2.6M in 2022. Over the period under review, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 55% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

Top Export Markets for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal from India in 2022:

1. Nepal (63.6 tons)
2. Thailand (32.1 tons)
3. United States (27.8 tons)
4. Canada (20.1 tons)
5. Germany (15.3 tons)
6. United Arab Emirates (14.4 tons)
7. Bhutan (10.8 tons)
8. Malaysia (9.9 tons)
9. Mauritius (8.2 tons)
10. United Kingdom (7.8 tons)
11. Burundi (7.2 tons)
12. Singapore (6.5 tons)
13. Uganda (6.5 tons)

Imports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in India

In 2022, after two years of decline, there was significant growth in overseas purchases of statuettes and other ornaments; of base metal plated with precious metals, when their volume increased by 104% to 212 tons. In general, imports, however, showed a deep reduction.

In value terms, imports of statuettes and other ornaments; of base metal plated with precious metals skyrocketed to $851K in 2022. Over the period under review, imports recorded a measured expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal to India in 2022:

1. China (185.4 tons)
2. Italy (11.3 tons)
3. Singapore (6.7 tons)
4. Thailand (4.8 tons)

Source: IndexBox Market Intelligence Platform