Price for Non-Silver Precious Metal Jewelry in Sri Lanka - 2021
Contents:
- Price for Non-Silver Precious Metal Jewelry in Sri Lanka (FOB) - 2022
- Price for Non-Silver Precious Metal Jewelry in Sri Lanka (CIF) - 2022
- Exports of Non-Silver Precious Metal Jewelry in Sri Lanka
- Imports of Non-Silver Precious Metal Jewelry in Sri Lanka
Price for Non-Silver Precious Metal Jewelry in Sri Lanka (FOB) - 2022
In 2022, the average non-silver precious metal jewelry export price amounted to $56,859,405 per ton, jumping by 17% against the previous year. In general, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the average export price increased by 22%. The export price peaked at $81,368,605 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($99,561,710 per ton), while the average price for exports to Qatar ($14,506,200 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 Denmark (+41.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Non-Silver Precious Metal Jewelry in Sri Lanka (CIF) - 2022
The average non-silver precious metal jewelry import price stood at $21,780,813 per ton in 2022, picking up by 43% against the previous year. Overall, the import price, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 48% against the previous year. Over the period under review, average import prices attained the peak figure at $47,574,389 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($56,769,400 per ton), while the price for Spain ($42,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+81.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Non-Silver Precious Metal Jewelry in Sri Lanka
In 2022, non-silver precious metal jewelry exports from Sri Lanka reduced slightly to 227 kg, which is down by -3.4% on 2021. Overall, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 158% against the previous year. As a result, the exports attained the peak of 235 kg, and then reduced modestly in the following year.
In value terms, non-silver precious metal jewelry exports amounted to $13M in 2022. In general, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 132%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Non-Silver Precious Metal Jewelry in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3,296 | 1,496 | 3,413 | 3,086 | -2.2% |
| Australia | 560 | 630 | 2,675 | 2,503 | 64.7% |
| Switzerland | 1,153 | 888 | 1,550 | 2,023 | 20.6% |
| United Kingdom | 737 | 355 | 818 | 1,946 | 38.2% |
| United Arab Emirates | 901 | 278 | 739 | 760 | -5.5% |
| Japan | 760 | 694 | 411 | 736 | -1.1% |
| Canada | 179 | 27.1 | 383 | 373 | 27.7% |
| Qatar | N/A | 2.0 | 22.9 | 363 | 1247.2% |
| Denmark | 21.3 | 45.8 | 93.7 | 152 | 92.5% |
| Oman | 291 | 211 | 482 | N/A | 28.7% |
| Others | 667 | 315 | 871 | 965 | 13.1% |
| Total | 8,566 | 4,942 | 11,459 | 12,907 | 14.6% |
Top Export Markets for Non-Silver Precious Metal Jewelry from Sri Lanka in 2022:
- Australia (37.0 kg)
- United Kingdom (33.0 kg)
- Switzerland (33.0 kg)
- United States (31.0 kg)
- Qatar (25.0 kg)
- United Arab Emirates (12.0 kg)
- Japan (10.0 kg)
- Canada (6.0 kg)
- Denmark (4.0 kg)
Imports of Non-Silver Precious Metal Jewelry in Sri Lanka
In 2022, non-silver precious metal jewelry imports into Sri Lanka fell markedly to 16 kg, reducing by -48.4% on the year before. In general, imports faced a dramatic decrease. The smallest decline of -35.4% was in 2021.
In value terms, non-silver precious metal jewelry imports shrank remarkably to $348K in 2022. Over the period under review, imports continue to indicate a sharp decline.
| Import of Non-Silver Precious Metal Jewelry in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 15.5 | 36.6 | 5.3 | 284 | 163.6% |
| United Arab Emirates | 1,969 | 1,201 | 468 | 43.9 | -71.9% |
| United Kingdom | 0.3 | 0.3 | N/A | 9.2 | 213.0% |
| Australia | N/A | 0.1 | N/A | 8.0 | 794.4% |
| Hong Kong SAR | 28.8 | 40.2 | N/A | 1.8 | -60.3% |
| China | 2.7 | 1.8 | N/A | 0.9 | -30.7% |
| Germany | N/A | N/A | N/A | 0.4 | 0% |
| Japan | N/A | N/A | N/A | 0.2 | 0% |
| Singapore | 3.9 | 1.3 | N/A | 0.1 | -70.5% |
| Ireland | N/A | N/A | N/A | 0.1 | 0% |
| Spain | N/A | 0.1 | N/A | N/A | 0% |
| Others | 17.2 | 62.4 | N/A | N/A | 262.8% |
| Total | 2,038 | 1,344 | 473 | 348 | -44.5% |
Top Suppliers of Non-Silver Precious Metal Jewelry to Sri Lanka in 2022:
- United States (5.0 kg)
- United Arab Emirates (2.0 kg)
- Australia (1.0 kg)
- Singapore (1.0 kg)
- United Kingdom (1.0 kg)
- China (1.0 kg)
- Hong Kong SAR (1.0 kg)
- Ireland (1.0 kg)
- Japan (1.0 kg)
- Germany (1.0 kg)
- Spain (1.0 kg)
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