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

Contents:

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

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

The average export price for statuettes and other ornaments; of base metal plated with precious metals stood at $69,165 per ton in 2022, increasing by 4% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2016 an increase of 17%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +5.8% per year.

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

In 2022, the average import price for statuettes and other ornaments; of base metal plated with precious metals amounted to $31,529 per ton, rising by 3.6% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for statuettes and other ornaments; of base metal plated with precious metals increased by +42.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 36% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($32,431 per ton) and Spain ($31,551 per ton), while the price for the United States ($31,491 per ton) and China ($31,494 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

Exports of statuettes and other ornaments; of base metal plated with precious metals from Mexico reached 17 tons in 2022, picking up by 5% against 2021 figures. In general, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +5.9% 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 +66.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 59%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of statuettes and other ornaments; of base metal plated with precious metals expanded sharply to $1.1M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +10.2% 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 +82.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 67%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. United States (16.6 tons)

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

Imports of statuettes and other ornaments; of base metal plated with precious metals into Mexico dropped to 36 tons in 2022, shrinking by -7.7% compared with 2021 figures. Overall, imports recorded a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 9.2% against the previous year.

In value terms, imports of statuettes and other ornaments; of base metal plated with precious metals dropped to $1.1M in 2022. In general, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 11%.

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

1. China (23.3 tons)
2. India (8.2 tons)
3. United States (3.0 tons)
4. Italy (1.2 tons)
5. Spain (0.3 tons)

Source: IndexBox Market Intelligence Platform