Price for Non-Silver Precious Metal Jewelry in the United States - 2023

Contents:

1. Price for Non-Silver Precious Metal Jewelry in the United States (CIF) - 2022
2. Price for Non-Silver Precious Metal Jewelry in the United States (FOB) - 2023
3. Imports of Non-Silver Precious Metal Jewelry in the United States
4. Exports of Non-Silver Precious Metal Jewelry in the United States

Price for Non-Silver Precious Metal Jewelry in the United States (CIF) - 2022

In 2022, the average non-silver precious metal jewelry import price amounted to $19,693,195 per ton, reducing by -8.7% against the previous year. Overall, the import price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 an increase of 17%. Over the period under review, average import prices hit record highs at $41,263,902 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 India ($28,433,779 per ton), while the price for Canada ($7,167,450 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-3.7%), while the prices for the other major suppliers experienced a decline.

Price for Non-Silver Precious Metal Jewelry in the United States (FOB) - 2023

In August 2023, the average non-silver precious metal jewelry export price amounted to $37.4M per ton, with an increase of 3.4% against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 91% month-to-month. As a result, the export price attained the peak level of $70,659 per kg. From March 2023 to August 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Japan ($110M per ton), while the average price for exports to Malaysia ($3.2M per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Silver Precious Metal Jewelry in the United States

Non-silver precious metal jewelry imports into the United States was estimated at 551 tons in 2022, remaining relatively unchanged against 2021 figures. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +13.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, non-silver precious metal jewelry imports contracted to $10.8B in 2022. In general, imports saw resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 88%. As a result, imports reached the peak of $11.8B, and then contracted in the following year.

Top Suppliers of Non-Silver Precious Metal Jewelry to the United States in 2022:

1. India (103.6 tons)
2. Italy (76.7 tons)
3. France (53.3 tons)
4. Thailand (43.8 tons)
5. Hong Kong SAR (32.0 tons)
6. Dominican Republic (27.7 tons)
7. China (23.6 tons)
8. South Africa (19.6 tons)
9. Turkey (17.9 tons)
10. Canada (15.6 tons)
11. Indonesia (14.3 tons)
12. Mexico (13.2 tons)
13. Peru (13.2 tons)

Exports of Non-Silver Precious Metal Jewelry in the United States

Non-silver precious metal jewelry exports from the United States soared to 457 tons in 2022, rising by 34% compared with the previous year's figure. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by 96%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, non-silver precious metal jewelry exports surged to $9B in 2022. In general, total exports indicated a modest expansion from 2019 to 2022: its value increased at an average annual rate of +1.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.9% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 39%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Non-Silver Precious Metal Jewelry from the United States in 2022:

1. Switzerland (242.5 tons)
2. Dominican Republic (34.8 tons)
3. Canada (28.0 tons)
4. United Kingdom (20.8 tons)
5. Mexico (19.1 tons)
6. Hong Kong SAR (18.8 tons)
7. India (10.7 tons)
8. Singapore (8.1 tons)
9. Japan (6.4 tons)
10. China (4.7 tons)

Source: IndexBox Market Intelligence Platform