Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Kuwait - 2022

Contents:

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

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

In 2022, the average import price for statuettes and other ornaments; of base metal plated with precious metals amounted to $114,778 per ton, with an increase of 15% against the previous year. Over the period under review, the import price saw resilient growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 96%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady 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 Italy ($204,917 per ton), while the price for China ($88,112 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for statuettes and other ornaments; of base metal plated with precious metals amounted to $28,700 per ton, growing by 82% against the previous year. Over the period under review, the export price, however, recorded a mild downturn. Over the period under review, the average export prices hit record highs at $93,160 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2013 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +0.1% per year.

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

In 2022, supplies from abroad of statuettes and other ornaments; of base metal plated with precious metals decreased by -43.3% to 4.7 tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 2.4%. As a result, imports attained the peak of 9.5 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of statuettes and other ornaments; of base metal plated with precious metals declined remarkably to $544K in 2022. Overall, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 74% against the previous year. As a result, imports reached the peak of $834K, and then declined significantly in the following year.

Import of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Greece24728433233911.1%
China22.140.769.013482.3%
Brazil16.04.023.520.79.0%
Italy31.923.63.817.2-18.6%
France33.825.126614.9-23.9%
United States23.514.78.011.4-21.4%
Lebanon31.831.834.2N/A3.7%
Others56.256.396.76.0-52.6%
Total4634808345445.5%

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

  1. Greece (2722.0 kg)
  2. China (1526.0 kg)
  3. Brazil (138.0 kg)
  4. United States (124.0 kg)
  5. Italy (84.0 kg)
  6. France (62.0 kg)

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

After two years of decline, shipments abroad of statuettes and other ornaments; of base metal plated with precious metals decreased by -92.8% to 10 kg in 2022. Overall, exports continue to indicate a precipitous shrinkage.

In value terms, exports of statuettes and other ornaments; of base metal plated with precious metals contracted rapidly to $287 in 2022. In general, exports showed a perceptible setback.

Export of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Kuwait (USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates66.0N/A1,92128763.2%
Portugal222N/AN/AN/A0%
EgyptN/AN/A169N/A0%
Others41.0N/A81.0N/A40.6%
Total329N/A2,171287-4.5%

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

  1. United Arab Emirates (10.0 kg)

Source: IndexBox Market Intelligence Platform

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