Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Vietnam - 2022
Contents:
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Vietnam (CIF) - 2022
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Vietnam (FOB) - 2022
- Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Vietnam
- Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Vietnam
Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Vietnam (CIF) - 2022
The average import price for articles of precious metal or of metal clad with precious metal stood at $165,491 per ton in 2022, waning by -36.2% against the previous year. Overall, the import price saw a mild descent. The pace of growth was the most pronounced in 2020 an increase of 40% against the previous year. Over the period under review, average import prices hit record highs at $259,361 per ton in 2021, and then declined remarkably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($2,553,333 per ton), while the price for Thailand ($36,716 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+30.3%), 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 Vietnam (FOB) - 2022
The average export price for articles of precious metal or of metal clad with precious metal stood at $1,669,076 per ton in 2022, growing by 895% against the previous year. In general, the export price enjoyed a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,562,270 per ton), while the average price for exports to China ($27,941 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 (+18.4%), 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 Vietnam
In 2022, the amount of articles of precious metal or of metal clad with precious metal imported into Vietnam soared to 56 tons, rising by 19% against 2021. In general, imports continue to indicate a relatively flat trend pattern. 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 declined rapidly to $9.3M in 2022. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 18%. As a result, imports attained the peak of $12M, and then dropped sharply in the following year.
| Import of Articles of Precious Metal or of Metal Clad with Precious Metal in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 4.3 | 5.8 | 5.4 | 5.2 | 6.5% |
| Japan | 1.7 | 3.0 | 3.1 | 1.7 | 0.0% |
| Thailand | N/A | N/A | N/A | 0.8 | 0% |
| China | 0.5 | 0.4 | 0.2 | 0.7 | 11.9% |
| United States | 0.7 | 0.2 | 0.2 | 0.3 | -24.6% |
| Singapore | 1.6 | 0.1 | 0.1 | 0.2 | -50.0% |
| Lao People's Democratic Republic | 0.3 | 0.3 | 0.3 | N/A | 0.0% |
| Others | 0.3 | 0.6 | 2.9 | 0.3 | 0.0% |
| Total | 9.4 | 10.4 | 12.2 | 9.3 | -0.4% |
Top Suppliers of Articles of Precious Metal or of Metal Clad with Precious Metal to Vietnam in 2022:
- Japan (23.8 tons)
- Thailand (21.8 tons)
- China (3.7 tons)
- South Korea (2.0 tons)
- United States (1.9 tons)
- Singapore (1.2 tons)
Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Vietnam
In 2022, the amount of articles of precious metal or of metal clad with precious metal exported from Vietnam shrank significantly to 475 kg, dropping by -84.5% compared with the previous year. Over the period under review, exports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year.
In value terms, exports of articles of precious metal or of metal clad with precious metal soared to $793K in 2022. In general, exports recorded a sharp decline.
| Export of Articles of Precious Metal or of Metal Clad with Precious Metal in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,000 | 78.3 | 82.6 | 581 | -16.6% |
| Thailand | 3.5 | 1.8 | 4.9 | 210 | 291.5% |
| Canada | 0.5 | 0.9 | 3.5 | 1.4 | 40.9% |
| China | 2.9 | 0.5 | 28.1 | 0.9 | -32.3% |
| Hong Kong SAR | 3,048 | 381 | 255 | N/A | -71.1% |
| South Korea | 13.2 | 17.7 | 2.6 | N/A | -55.6% |
| Austria | N/A | N/A | 88.3 | N/A | 0% |
| Philippines | 96.4 | 56.1 | 33.5 | N/A | -41.0% |
| Denmark | 2.4 | 0.5 | 0.5 | N/A | -54.4% |
| Others | 84.4 | 14.0 | 13.8 | N/A | -59.6% |
| Total | 4,251 | 551 | 513 | 793 | -42.9% |
Top Export Markets for Articles of Precious Metal or of Metal Clad with Precious Metal from Vietnam in 2022:
- Thailand (230.0 kg)
- United States (163.0 kg)
- Canada (48.0 kg)
- China (34.0 kg)
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