Price for Articles of Precious Metal or of Metal Clad with Precious Metal in China - 2023
Contents:
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in China (CIF) - 2022
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in China (FOB) - 2022
- Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in China
- Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in China
Price for Articles of Precious Metal or of Metal Clad with Precious Metal in China (CIF) - 2022
In 2022, the average import price for articles of precious metal or of metal clad with precious metal amounted to $216,268 per ton, falling by -42.9% against the previous year. Overall, the import price saw a mild slump. The pace of growth appeared the most rapid in 2019 an increase of 58%. Over the period under review, average import prices reached the peak figure at $378,994 per ton in 2021, and then shrank markedly in the following year.
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 the United States ($2,023,344 per ton), while the price for Hong Kong SAR ($111,353 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.3%), 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 China (FOB) - 2022
The average export price for articles of precious metal or of metal clad with precious metal stood at $368,979 per ton in 2022, growing by 2.3% against the previous year. Over the period under review, the export price, however, showed a deep slump. The most prominent rate of growth was recorded in 2013 an increase of 61% against the previous year. As a result, the export price attained the peak level of $4,386 per kg. From 2014 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($1,362,562 per ton), while the average price for exports to New Zealand ($70,292 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 Vietnam (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in China
In 2022, supplies from abroad of articles of precious metal or of metal clad with precious metal decreased by -22.9% to 949 tons, falling for the second consecutive year after two years of growth. In general, imports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 18%. As a result, imports attained the peak of 1.3K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of articles of precious metal or of metal clad with precious metal shrank rapidly to $205M in 2022. Overall, imports showed a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 43%. As a result, imports reached the peak of $467M, and then shrank remarkably in the following year.
Import of Articles of Precious Metal or of Metal Clad with Precious Metal in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 49.5 | 57.3 | 85.5 | 70.1 | 12.3% |
Taiwan (Chinese) | 37.7 | 49.5 | 51.0 | 49.7 | 9.6% |
United States | 184 | 108 | 266 | 36.0 | -41.9% |
Germany | 18.3 | 16.1 | 17.0 | 10.3 | -17.4% |
South Korea | 11.4 | 74.1 | 9.8 | 10.2 | -3.6% |
Singapore | 2.6 | 4.8 | 4.1 | 5.1 | 25.2% |
Hong Kong SAR | 0.4 | 0.2 | 1.3 | 2.0 | 71.0% |
Others | 17.4 | 17.7 | 32.5 | 21.8 | 7.8% |
Total | 322 | 327 | 467 | 205 | -14.0% |
Top Suppliers of Articles of Precious Metal or of Metal Clad with Precious Metal to China in 2022:
- Japan (375.6 tons)
- Taiwan (Chinese) (329.6 tons)
- South Korea (84.5 tons)
- Germany (56.2 tons)
- Singapore (25.5 tons)
- United States (17.8 tons)
- Hong Kong SAR (17.8 tons)
Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in China
In 2022, shipments abroad of articles of precious metal or of metal clad with precious metal decreased by -17.5% to 305 tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 31% against the previous year. As a result, the exports reached the peak of 370 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of articles of precious metal or of metal clad with precious metal declined remarkably to $112M in 2022. Overall, exports showed a sharp curtailment.
Export of Articles of Precious Metal or of Metal Clad with Precious Metal in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Hong Kong SAR | 355 | 225 | 70.3 | 49.4 | -48.2% |
Vietnam | 1.8 | 5.3 | 9.9 | 9.8 | 75.9% |
Japan | 4.7 | 4.7 | 6.8 | 8.1 | 19.9% |
Thailand | 2.1 | 3.3 | 5.1 | 7.4 | 52.2% |
Italy | 0.1 | 0.9 | 4.3 | 6.2 | 295.8% |
India | 1.2 | 1.6 | 3.1 | 5.2 | 63.0% |
Malaysia | 2.5 | 2.5 | 2.1 | 4.1 | 17.9% |
Taiwan (Chinese) | 2.4 | 7.1 | 14.2 | 3.8 | 16.6% |
Macao SAR | N/A | 0.2 | 2.0 | 2.3 | 239.1% |
United States | 1.4 | 17.1 | 2.3 | 1.7 | 6.7% |
South Korea | 0.1 | 1.0 | 1.1 | 1.0 | 115.4% |
Australia | 0.1 | N/A | 0.3 | 0.9 | 108.0% |
New Zealand | 0.2 | 0.1 | 0.3 | 0.3 | 14.5% |
Others | 3.6 | 5.0 | 11.4 | 12.3 | 50.6% |
Total | 376 | 273 | 133 | 112 | -33.2% |
Top Export Markets for Articles of Precious Metal or of Metal Clad with Precious Metal from China in 2022:
- Japan (68.4 tons)
- Vietnam (55.3 tons)
- Hong Kong SAR (36.3 tons)
- Thailand (31.0 tons)
- Italy (14.3 tons)
- Malaysia (11.9 tons)
- India (9.9 tons)
- Australia (9.7 tons)
- Macao SAR (7.9 tons)
- Taiwan (Chinese) (7.8 tons)
- United States (6.2 tons)
- South Korea (4.7 tons)
- New Zealand (4.6 tons)
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