Price for Precious Metal-Clad Jewelry of Base Metals in Hong Kong SAR - 2023
Contents:
- Price for Precious Metal-Clad Jewelry of Base Metals in Hong Kong SAR (CIF) - 2023
- Price for Precious Metal-Clad Jewelry of Base Metals in Hong Kong SAR (FOB) - 2023
- Imports of Precious Metal-Clad Jewelry of Base Metals in Hong Kong SAR
- Exports of Precious Metal-Clad Jewelry of Base Metals in Hong Kong SAR
Price for Precious Metal-Clad Jewelry of Base Metals in Hong Kong SAR (CIF) - 2023
In October 2023, the average import price for base metal jewelry clad with precious metals amounted to $1.7M per ton, declining by -8.3% against the previous month. In general, the import price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in July 2023 an increase of 47% month-to-month. As a result, import price reached the peak level of $3,118 per kg; afterwards, it flattened through to October 2023.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($2.1M per ton), while the price for China amounted to $1.6M per ton.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (-0.5%).
Price for Precious Metal-Clad Jewelry of Base Metals in Hong Kong SAR (FOB) - 2023
The average export price for base metal jewelry clad with precious metals stood at $1.3M per ton in October 2023, growing by 39% against the previous month. In general, the export price showed prominent growth. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 320% against the previous month. As a result, the export price reached the peak level of $1,702 per kg; afterwards, it flattened through to October 2023.
Prices varied noticeably by the country of destination: the country with the highest price was China ($1.6M per ton), while the average price for exports to the United States totaled $837K per ton.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.0%).
Imports of Precious Metal-Clad Jewelry of Base Metals in Hong Kong SAR
In 2022, the amount of base metal jewelry clad with precious metals imported into Hong Kong SAR declined modestly to 6.4 tons, falling by -4.3% on the previous year. Over the period under review, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 14%.
In value terms, imports of base metal jewelry clad with precious metals shrank slightly to $18M in 2022. Overall, imports recorded a noticeable setback. The pace of growth was the most pronounced in 2021 when imports increased by 37%.
| Import of Precious Metal-Clad Jewelry of Base Metals in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.9 | 4.0 | 8.4 | 9.3 | 23.8% |
| United States | 13.7 | 9.3 | 9.6 | 7.6 | -17.8% |
| Vietnam | N/A | N/A | N/A | 0.6 | 0% |
| Italy | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Switzerland | N/A | N/A | 0.1 | 0.3 | 200.0% |
| France | 1.4 | N/A | N/A | N/A | 0% |
| Indonesia | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Others | 0.2 | 0.1 | N/A | 0.1 | -20.6% |
| Total | 20.6 | 13.6 | 18.6 | 18.2 | -4.0% |
Top Suppliers of Precious Metal-Clad Jewelry of Base Metals to Hong Kong SAR in 2022:
- China (3502.0 kg)
- United States (2407.0 kg)
- Vietnam (201.0 kg)
- Switzerland (137.0 kg)
- Italy (105.0 kg)
- Indonesia (16.0 kg)
- France (11.0 kg)
Exports of Precious Metal-Clad Jewelry of Base Metals in Hong Kong SAR
In 2022, the amount of base metal jewelry clad with precious metals exported from Hong Kong SAR dropped sharply to 8.3 tons, waning by -22.3% against 2021. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 65%. As a result, the exports reached the peak of 11 tons, and then reduced remarkably in the following year.
In value terms, exports of base metal jewelry clad with precious metals fell notably to $7.1M in 2022. Overall, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 129%. As a result, the exports reached the peak of $11M, and then fell remarkably in the following year.
| Export of Precious Metal-Clad Jewelry of Base Metals in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.1 | 2.1 | 3.5 | 3.3 | 16.3% |
| China | 3.3 | 2.6 | 6.4 | 1.8 | -18.3% |
| Italy | N/A | N/A | 0.3 | 1.3 | 333.3% |
| France | N/A | N/A | 0.8 | 0.4 | -50.0% |
| Denmark | N/A | N/A | N/A | 0.2 | 0% |
| Others | 0.3 | 0.3 | 0.5 | 0.1 | -30.7% |
| Total | 5.7 | 5.0 | 11.5 | 7.1 | 7.6% |
Top Export Markets for Precious Metal-Clad Jewelry of Base Metals from Hong Kong SAR in 2022:
- United States (6.1 tons)
- China (1.3 tons)
- Italy (0.5 tons)
- Denmark (0.2 tons)
- France (0.2 tons)
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