Price for Non-Silver Precious Metal Jewelry in China - 2023
Contents:
- Price for Non-Silver Precious Metal Jewelry in China (FOB) - 2023
- Price for Non-Silver Precious Metal Jewelry in China (CIF) - 2023
- Exports of Non-Silver Precious Metal Jewelry in China
- Imports of Non-Silver Precious Metal Jewelry in China
Price for Non-Silver Precious Metal Jewelry in China (FOB) - 2023
In June 2023, the average non-silver precious metal jewelry export price amounted to $82.7M per ton, with a decrease of -10.4% against the previous month. Over the period under review, the export price recorded a perceptible decline. The pace of growth was the most pronounced in February 2023 when the average export price increased by 42% month-to-month. The export price peaked at $123M per ton in December 2022; afterwards, it flattened through to June 2023.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Singapore ($175M per ton), while the average price for exports to South Korea ($40.1M per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Non-Silver Precious Metal Jewelry in China (CIF) - 2023
The average non-silver precious metal jewelry import price stood at $197M per ton in June 2023, reducing by -28.1% against the previous month. In general, import price indicated a mild expansion from June 2022 to June 2023: its price increased at an average monthly rate of +1.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, non-silver precious metal jewelry import price decreased by -37.7% against March 2023 indices. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 103% against the previous month. As a result, import price reached the peak level of $317K per kg. From April 2023 to June 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was France ($429M per ton), while the price for South Africa ($31.2M per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Japan (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Non-Silver Precious Metal Jewelry in China
In 2022, the amount of non-silver precious metal jewelry exported from China soared to 140 tons, jumping by 18% against the year before. Overall, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 54%.
In value terms, non-silver precious metal jewelry exports skyrocketed to $14.7B in 2022. Over the period under review, total exports indicated a noticeable expansion from 2019 to 2022: its value increased at an average annual rate of +4.9% 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 +101.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 69%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Non-Silver Precious Metal Jewelry in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,362 | 700 | 1,380 | 1,538 | 4.1% |
| Switzerland | 249 | 105 | 293 | 253 | 0.5% |
| Italy | 217 | 120 | 214 | 237 | 3.0% |
| United Arab Emirates | 96.8 | 85.0 | 156 | 214 | 30.3% |
| France | 98.1 | 98.1 | 135 | 212 | 29.3% |
| Malaysia | 8.0 | 1.0 | 0.8 | 185 | 184.9% |
| Australia | 110 | 77.4 | 105 | 158 | 12.8% |
| Singapore | 59.2 | 29.5 | 52.2 | 123 | 27.6% |
| United Kingdom | 64.8 | 47.4 | 71.4 | 90.4 | 11.7% |
| South Korea | 22.4 | 17.6 | 40.2 | 47.3 | 28.3% |
| Hong Kong SAR | 10,282 | N/A | N/A | N/A | 0% |
| Others | 133 | 5,989 | 9,811 | 11,622 | 343.8% |
| Total | 12,704 | 7,270 | 12,258 | 14,680 | 4.9% |
Top Export Markets for Non-Silver Precious Metal Jewelry from China in 2022:
- United States (14.0 tons)
- United Arab Emirates (4.5 tons)
- Malaysia (3.3 tons)
- Singapore (1.6 tons)
- Australia (1.5 tons)
- South Korea (1.2 tons)
- Italy (0.9 tons)
- France (0.9 tons)
- United Kingdom (0.9 tons)
- Switzerland (0.7 tons)
Imports of Non-Silver Precious Metal Jewelry in China
In 2022, the amount of non-silver precious metal jewelry imported into China fell rapidly to 17 tons, dropping by -36.9% on the year before. In general, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 33%. As a result, imports attained the peak of 26 tons, and then declined rapidly in the following year.
In value terms, non-silver precious metal jewelry imports shrank markedly to $4B in 2022. Overall, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 62% against the previous year.
| Import of Non-Silver Precious Metal Jewelry in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 504 | 937 | 1,394 | 1,373 | 39.7% |
| Italy | 542 | 918 | 1,257 | 1,010 | 23.1% |
| Switzerland | 399 | 586 | 1,046 | 747 | 23.2% |
| United States | 252 | 398 | 565 | 459 | 22.1% |
| United Kingdom | 26.5 | 56.4 | 129 | 70.3 | 38.4% |
| Thailand | 27.3 | 13.7 | 36.8 | 35.7 | 9.4% |
| South Africa | 43.9 | 19.9 | 62.0 | 15.2 | -29.8% |
| Hong Kong SAR | 165 | N/A | N/A | N/A | 0% |
| Others | 153 | 486 | 962 | 338 | 30.2% |
| Total | 2,113 | 3,415 | 5,452 | 4,047 | 24.2% |
Top Suppliers of Non-Silver Precious Metal Jewelry to China in 2022:
- Italy (4.2 tons)
- Switzerland (3.2 tons)
- France (2.4 tons)
- United States (1.3 tons)
- United Kingdom (0.6 tons)
- South Africa (0.5 tons)
- Thailand (0.5 tons)
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