Price for Non-Silver Precious Metal Jewelry in Turkey - 2023
Contents:
- Price for Non-Silver Precious Metal Jewelry in Turkey (FOB) - 2023
- Price for Non-Silver Precious Metal Jewelry in Turkey (CIF) - 2023
- Exports of Non-Silver Precious Metal Jewelry in Turkey
- Imports of Non-Silver Precious Metal Jewelry in Turkey
Price for Non-Silver Precious Metal Jewelry in Turkey (FOB) - 2023
The average non-silver precious metal jewelry export price stood at $23.6M per ton in July 2023, declining by -11.9% against the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 39% month-to-month. Over the period under review, the average export prices hit record highs at $27.7M per ton in October 2022; afterwards, it flattened through to July 2023.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Iraq ($54.1M per ton), while the average price for exports to Australia ($3.0M per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Non-Silver Precious Metal Jewelry in Turkey (CIF) - 2023
The average non-silver precious metal jewelry import price stood at $42.9M per ton in July 2023, which is down by -3.3% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average import price increased by 9.6% m-o-m. As a result, import price reached the peak level of $44,916 per kg; afterwards, it flattened through to July 2023.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was India ($59.1M per ton), while the price for Germany ($6.7M per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by India (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Non-Silver Precious Metal Jewelry in Turkey
In 2022, exports of non-silver precious metal jewelry from Turkey declined to 278 tons, falling by -6.8% against 2021. Overall, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 175% against the previous year. As a result, the exports reached the peak of 299 tons, and then contracted in the following year.
In value terms, non-silver precious metal jewelry exports surged to $8B in 2022. In general, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 91% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Non-Silver Precious Metal Jewelry in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 875 | 613 | 2,041 | 1,872 | 28.9% |
| Iraq | 1,470 | 847 | 1,223 | 1,707 | 5.1% |
| United States | 348 | 311 | 748 | 788 | 31.3% |
| Hong Kong SAR | 266 | 184 | 381 | 526 | 25.5% |
| Libya | 257 | 104 | 350 | 373 | 13.2% |
| Israel | 136 | 121 | 204 | 276 | 26.6% |
| Kyrgyzstan | 99.0 | 79.6 | 208 | 269 | 39.5% |
| Czech Republic | 40.3 | 33.8 | 87.3 | 224 | 77.1% |
| Mexico | 60.8 | 35.7 | 84.5 | 160 | 38.1% |
| Germany | 418 | 424 | 112 | 108 | -36.3% |
| United Kingdom | 32.5 | 26.6 | 57.9 | 64.6 | 25.7% |
| Australia | 17.7 | 27.0 | 31.6 | 42.6 | 34.0% |
| Luxembourg | N/A | 0.1 | 0.1 | 37.3 | 1831.3% |
| Others | 980 | 692 | 1,146 | 1,580 | 17.3% |
| Total | 5,000 | 3,499 | 6,673 | 8,027 | 17.1% |
Top Export Markets for Non-Silver Precious Metal Jewelry from Turkey in 2022:
- United States (46.4 tons)
- United Arab Emirates (38.8 tons)
- Iraq (34.2 tons)
- Hong Kong SAR (23.4 tons)
- Czech Republic (12.6 tons)
- Luxembourg (11.8 tons)
- Germany (11.0 tons)
- Libya (8.4 tons)
- Israel (7.9 tons)
- Kyrgyzstan (7.7 tons)
- United Kingdom (7.7 tons)
- Mexico (5.7 tons)
- Australia (5.2 tons)
Imports of Non-Silver Precious Metal Jewelry in Turkey
Non-silver precious metal jewelry imports into Turkey skyrocketed to 30 tons in 2022, growing by 40% compared with the previous year. In general, imports, however, continue to indicate a drastic downturn.
In value terms, non-silver precious metal jewelry imports soared to $1.1B in 2022. Overall, imports, however, saw a deep contraction.
| Import of Non-Silver Precious Metal Jewelry in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 196 | 129 | 221 | 511 | 37.6% |
| United Arab Emirates | 553 | 283 | 418 | 271 | -21.2% |
| India | 690 | 217 | 78.9 | 232 | -30.5% |
| Switzerland | 4.9 | 4.7 | 7.8 | 34.8 | 92.2% |
| France | 6.4 | 5.3 | 7.4 | 18.3 | 41.9% |
| Germany | 3.8 | 2.7 | 3.5 | 12.2 | 47.5% |
| United States | 7.9 | 3.2 | 4.9 | 11.3 | 12.7% |
| Bolivia | 53.5 | 16.6 | N/A | N/A | -69.0% |
| Others | 56.4 | 59.9 | 17.2 | 40.7 | -10.3% |
| Total | 1,573 | 721 | 759 | 1,131 | -10.4% |
Top Suppliers of Non-Silver Precious Metal Jewelry to Turkey in 2022:
- Italy (13.5 tons)
- United Arab Emirates (5.9 tons)
- India (4.5 tons)
- Switzerland (0.9 tons)
- Germany (0.8 tons)
- France (0.7 tons)
- United States (0.6 tons)
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