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

Contents:

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

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

In November 2023, the average import price for statuettes and other ornaments; of base metal plated with precious metals amounted to $5,380 per ton, declining by -19.1% against the previous month. Over the period under review, the import price saw a deep setback. The pace of growth was the most pronounced in March 2023 when the average import price increased by 363% m-o-m. As a result, import price reached the peak level of $31,534 per ton. From April 2023 to November 2023, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From December 2022 to November 2023, the rate of growth in terms of prices for China amounted to -10.7% per month.

Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in the United States (FOB) - 2023

The average export price for statuettes and other ornaments; of base metal plated with precious metals stood at $11,060 per ton in November 2023, with an increase of 18% against the previous month. Over the period from December 2022 to November 2023, it increased at an average monthly rate of +2.9%. The pace of growth was the most pronounced in June 2023 when the average export price increased by 23% m-o-m. As a result, the export price reached the peak level of $11,701 per ton. From July 2023 to November 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was France ($38,244 per ton), while the average price for exports to Poland ($7,612 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+51.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in the United States

Imports of statuettes and other ornaments; of base metal plated with precious metals into the United States soared to 458 tons in 2022, picking up by 31% on 2021 figures. Overall, imports saw resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of statuettes and other ornaments; of base metal plated with precious metals rose rapidly to $7.3M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +7.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

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

1. China (264.1 tons)
2. India (79.7 tons)
3. Mexico (52.5 tons)
4. Taiwan (Chinese) (15.1 tons)
5. Italy (14.0 tons)

Exports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in the United States

In 2022, the amount of statuettes and other ornaments; of base metal plated with precious metals exported from the United States shrank sharply to 209 tons, dropping by -19.8% on the previous year. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 83%.

In value terms, exports of statuettes and other ornaments; of base metal plated with precious metals shrank sharply to $1.9M in 2022. Overall, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 100%. As a result, the exports reached the peak of $2.9M, and then dropped significantly in the following year.

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

1. Australia (54.4 tons)
2. Canada (39.5 tons)
3. Mexico (19.7 tons)
4. India (12.4 tons)
5. Rwanda (9.0 tons)
6. Singapore (6.3 tons)
7. Georgia (6.1 tons)
8. Saudi Arabia (5.8 tons)
9. South Korea (5.8 tons)
10. Japan (4.6 tons)
11. Peru (4.5 tons)
12. Germany (4.5 tons)
13. Bermuda (4.4 tons)

Source: IndexBox Market Intelligence Platform