Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Australia - 2023

Contents:

  1. Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Australia (CIF) - 2022
  2. Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Australia (FOB) - 2022
  3. Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Australia
  4. Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Australia

Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Australia (CIF) - 2022

In 2022, the average import price for articles of precious metal or of metal clad with precious metal amounted to $7,324,587 per ton, which is down by -28.2% against the previous year. Over the period under review, the import price, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2020 an increase of 200%. As a result, import price reached the peak level of $15,614 per kg. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($21,495,533 per ton), while the price for Israel ($31,443 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+28.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Australia (FOB) - 2022

In 2022, the average export price for articles of precious metal or of metal clad with precious metal amounted to $839,118 per ton, declining by -16.8% against the previous year. In general, the export price continues to indicate a deep setback. The pace of growth was the most pronounced in 2017 an increase of 33% against the previous year. Over the period under review, the average export prices hit record highs at $6,760,644 per ton in 2012; however, from 2013 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 Germany ($5,537,278 per ton), while the average price for exports to South Korea ($577,512 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 United States (-5.1%), while the prices for the other major destinations experienced a decline.

Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Australia

Imports of articles of precious metal or of metal clad with precious metal into Australia skyrocketed to 9.3 tons in 2022, picking up by 53% on 2021. Over the period under review, imports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 85%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of articles of precious metal or of metal clad with precious metal expanded rapidly to $68M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +26.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +101.5% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 52%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

Import of Articles of Precious Metal or of Metal Clad with Precious Metal in Australia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom17.625.924.033.123.4%
Germany12.920.832.725.124.8%
Switzerland2.50.10.22.3-2.7%
United Arab EmiratesN/A0.10.21.9335.9%
United States0.30.30.40.626.0%
IsraelN/AN/AN/AN/A0%
Others0.54.24.45.3119.7%
Total33.951.462.068.326.3%

Top Suppliers of Articles of Precious Metal or of Metal Clad with Precious Metal to Australia in 2022:

  1. United Kingdom (3.9 tons)
  2. Switzerland (2.5 tons)
  3. Germany (1.2 tons)
  4. United Arab Emirates (0.5 tons)
  5. United States (0.4 tons)
  6. Israel (0.2 tons)

Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Australia

After three years of growth, shipments abroad of articles of precious metal or of metal clad with precious metal decreased by -32.7% to 55 tons in 2022. Overall, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 104%.

In value terms, exports of articles of precious metal or of metal clad with precious metal declined markedly to $46M in 2022. Over the period under review, exports continue to indicate a perceptible contraction. The pace of growth was the most pronounced in 2021 with an increase of 52% against the previous year. As a result, the exports attained the peak of $83M, and then shrank sharply in the following year.

Export of Articles of Precious Metal or of Metal Clad with Precious Metal in Australia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom16.715.120.123.712.4%
South Korea7.724.231.110.410.5%
Germany18.410.025.97.0-27.5%
NorwayN/AN/A1.92.426.3%
United States2.00.80.91.0-20.6%
New Zealand2.3N/AN/AN/A0%
NetherlandsN/A1.40.2N/A-85.7%
Others2.53.02.92.0-7.2%
Total49.554.583.046.5-2.1%

Top Export Markets for Articles of Precious Metal or of Metal Clad with Precious Metal from Australia in 2022:

  1. United Kingdom (30.3 tons)
  2. South Korea (17.9 tons)
  3. Norway (2.1 tons)
  4. United States (1.5 tons)
  5. Germany (1.3 tons)
  6. New Zealand (0.1 tons)

Source: IndexBox Market Intelligence Platform

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