Price for Articles of Precious Metal or of Metal Clad with Precious Metal in India - 2023
Contents:
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in India (CIF) - 2022
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in India (FOB) - 2022
- Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in India
- Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in India
Price for Articles of Precious Metal or of Metal Clad with Precious Metal in India (CIF) - 2022
The average import price for articles of precious metal or of metal clad with precious metal stood at $441,298 per ton in 2022, with a decrease of -12.2% against the previous year. Overall, the import price showed a deep contraction. The growth pace was the most rapid in 2016 an increase of 87% against the previous year. Over the period under review, average import prices hit record highs at $1,112,261 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 the United States ($2,063,684 per ton), while the price for Indonesia ($157,004 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+16.7%), 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 India (FOB) - 2022
The average export price for articles of precious metal or of metal clad with precious metal stood at $468,944 per ton in 2022, shrinking by -67.8% against the previous year. Overall, the export price showed a abrupt contraction. The pace of growth was the most pronounced in 2017 an increase of 543% against the previous year. As a result, the export price attained the peak level of $2,354 per kg. From 2018 to 2022, the average export prices remained at a somewhat 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 Germany ($1,926,255 per ton), while the average price for exports to Indonesia ($156,711 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 Qatar (+41.5%), 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 India
In 2022, approx. 32 tons of articles of precious metal or of metal clad with precious metal were imported into India; increasing by 244% on the previous year's figure. In general, imports posted resilient growth. As a result, imports attained the peak 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 skyrocketed to $14M in 2022. Overall, imports showed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Articles of Precious Metal or of Metal Clad with Precious Metal in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 190 | N/A | 8.0 | 3,866 | 173.0% |
| China | 943 | 207 | 492 | 3,388 | 53.2% |
| Germany | 2,270 | 1,347 | 977 | 2,085 | -2.8% |
| United States | 508 | 929 | 1,509 | 953 | 23.3% |
| France | 808 | 490 | 1,164 | 824 | 0.7% |
| Singapore | 2,011 | 161 | 12.4 | 752 | -28.0% |
| South Korea | 132 | 1.8 | 12.6 | 91.6 | -11.5% |
| Indonesia | 0.3 | N/A | N/A | 76.0 | 532.7% |
| Others | 1,381 | 296 | 432 | 1,875 | 10.7% |
| Total | 8,243 | 3,432 | 4,607 | 13,910 | 19.1% |
Top Suppliers of Articles of Precious Metal or of Metal Clad with Precious Metal to India in 2022:
- China (18.8 tons)
- Taiwan (Chinese) (5.0 tons)
- Germany (3.0 tons)
- Singapore (1.5 tons)
- France (0.6 tons)
- Indonesia (0.5 tons)
- United States (0.5 tons)
- South Korea (0.5 tons)
Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in India
In 2022, the amount of articles of precious metal or of metal clad with precious metal exported from India skyrocketed to 5.4 tons, picking up by 50% on the previous year. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 239% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of articles of precious metal or of metal clad with precious metal shrank dramatically to $2.5M in 2022. Over the period under review, exports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 690% against the previous year. As a result, the exports attained the peak of $5.2M, and then reduced notably in the following year.
| Export of Articles of Precious Metal or of Metal Clad with Precious Metal in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 472 | 366 | 459 | 665 | 12.1% |
| United Arab Emirates | 37.2 | 8.3 | 318 | 446 | 128.9% |
| Saudi Arabia | 264 | 139 | 11.0 | 373 | 12.2% |
| Qatar | 7.1 | N/A | 54.2 | 291 | 244.8% |
| Indonesia | 0.2 | N/A | 1.0 | 201 | 901.7% |
| South Africa | N/A | N/A | 0.6 | 161 | 26733.3% |
| United Kingdom | 396 | N/A | 9.6 | 55.7 | -48.0% |
| Philippines | N/A | N/A | 91.7 | 40.2 | -56.2% |
| Tunisia | N/A | N/A | 1,508 | N/A | 0% |
| Egypt | 2,150 | 0.4 | 2,644 | N/A | 10.9% |
| Bangladesh | 19.4 | 2.6 | 3.5 | N/A | -57.5% |
| Others | 84.8 | 148 | 140 | 303 | 52.9% |
| Total | 3,430 | 663 | 5,241 | 2,536 | -9.6% |
Top Export Markets for Articles of Precious Metal or of Metal Clad with Precious Metal from India in 2022:
- United Arab Emirates (1315.0 kg)
- Indonesia (1280.0 kg)
- South Africa (573.0 kg)
- Qatar (523.0 kg)
- Saudi Arabia (454.0 kg)
- Germany (345.0 kg)
- Philippines (200.0 kg)
- United Kingdom (49.0 kg)
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