Price for Non-Silver Precious Metal Jewelry in the UK - 2023
Contents:
- Price for Non-Silver Precious Metal Jewelry in the UK (FOB) - 2022
- Price for Non-Silver Precious Metal Jewelry in the UK (CIF) - 2022
- Exports of Non-Silver Precious Metal Jewelry in the UK
- Imports of Non-Silver Precious Metal Jewelry in the UK
Price for Non-Silver Precious Metal Jewelry in the UK (FOB) - 2022
In 2022, the average non-silver precious metal jewelry export price amounted to $28,622,139 per ton, increasing by 2.1% against the previous year. Over the period under review, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-silver precious metal jewelry export price increased by +91.8% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of 47% against the previous year. The export price peaked at $31,438,234 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($117,421,956 per ton), while the average price for exports to Nicaragua ($95,721 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 Netherlands (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Non-Silver Precious Metal Jewelry in the UK (CIF) - 2022
The average non-silver precious metal jewelry import price stood at $8,513,357 per ton in 2022, dropping by -7.2% against the previous year. Over the period under review, the import price recorded a pronounced shrinkage. The growth pace was the most rapid in 2018 an increase of 27%. The import price peaked at $10,663,331 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 France ($14,064,206 per ton), while the price for Belgium ($1,762,887 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Non-Silver Precious Metal Jewelry in the UK
After two years of decline, overseas shipments of non-silver precious metal jewelry increased by 13% to 111 tons in 2022. In general, exports, however, recorded a dramatic contraction.
In value terms, non-silver precious metal jewelry exports skyrocketed to $3.2B in 2022. Overall, exports, however, continue to indicate a sharp setback.
| Export of Non-Silver Precious Metal Jewelry in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 599 | 512 | 33.0 | 541 | -3.3% |
| Switzerland | 1,294 | 831 | 606 | 529 | -25.8% |
| France | 1,833 | 485 | 387 | 351 | -42.4% |
| United States | 584 | 181 | 288 | 325 | -17.7% |
| Hong Kong SAR | 909 | 367 | 407 | 298 | -31.0% |
| Saudi Arabia | 277 | 28.0 | 348 | 232 | -5.7% |
| Bahrain | 156 | 1.1 | 116 | 128 | -6.4% |
| Netherlands | 13.5 | 28.8 | 43.6 | 83.3 | 83.4% |
| Ireland | 43.4 | 33.6 | 50.4 | 41.4 | -1.6% |
| Italy | 87.8 | 69.1 | 36.1 | 40.0 | -23.1% |
| Germany | 29.6 | 25.0 | 28.4 | 18.2 | -15.0% |
| India | 20.0 | 6.6 | 8.7 | 16.4 | -6.4% |
| Nicaragua | N/A | N/A | N/A | 1.1 | 0% |
| Others | 663 | 258 | 397 | 564 | -5.2% |
| Total | 6,508 | 2,826 | 2,749 | 3,169 | -21.3% |
Top Export Markets for Non-Silver Precious Metal Jewelry from the UK in 2022:
- France (21.6 tons)
- Qatar (14.4 tons)
- Ireland (14.4 tons)
- Nicaragua (12.0 tons)
- Switzerland (11.4 tons)
- United States (7.4 tons)
- Saudi Arabia (5.0 tons)
- Bahrain (2.8 tons)
- Italy (2.8 tons)
- Germany (2.8 tons)
- Hong Kong SAR (2.5 tons)
- India (2.4 tons)
- Netherlands (1.7 tons)
Imports of Non-Silver Precious Metal Jewelry in the UK
In 2022, after two years of decline, there was growth in purchases abroad of non-silver precious metal jewelry, when their volume increased by 3.2% to 244 tons. Over the period under review, imports, however, showed a dramatic slump.
In value terms, non-silver precious metal jewelry imports dropped to $2.1B in 2022. In general, imports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 3.2% against the previous year.
| Import of Non-Silver Precious Metal Jewelry in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 203 | 166 | 295 | 347 | 19.6% |
| France | 2,536 | 1,013 | 472 | 264 | -53.0% |
| Italy | 211 | 160 | 141 | 227 | 2.5% |
| United States | 139 | 108 | 130 | 173 | 7.6% |
| Thailand | 142 | 60.4 | 67.5 | 108 | -8.7% |
| China | 62.6 | 45.4 | 68.5 | 84.5 | 10.5% |
| Turkey | 22.2 | 22.4 | 54.8 | 54.9 | 35.2% |
| Germany | 20.6 | 22.8 | 16.0 | 26.3 | 8.5% |
| Belgium | 19.5 | 14.3 | 12.6 | 8.9 | -23.0% |
| Spain | 123 | 138 | 181 | 8.3 | -59.3% |
| Others | 529 | 349 | 728 | 774 | 13.5% |
| Total | 4,008 | 2,099 | 2,167 | 2,075 | -19.7% |
Top Suppliers of Non-Silver Precious Metal Jewelry to the UK in 2022:
- Italy (58.4 tons)
- Thailand (34.3 tons)
- India (31.1 tons)
- United States (22.8 tons)
- China (21.7 tons)
- France (18.8 tons)
- Turkey (14.2 tons)
- Germany (7.3 tons)
- Belgium (5.0 tons)
- Spain (0.8 tons)
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