Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Australia - 2023

Contents:

1. Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Australia (CIF) - 2022
2. Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Australia (FOB) - 2022
3. Imports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Australia
4. Exports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Australia

Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Australia (CIF) - 2022

The average import price for statuettes and other ornaments; of base metal plated with precious metals stood at $31,270 per ton in 2022, growing by 2.8% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for statuettes and other ornaments; of base metal plated with precious metals increased by +1.3% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 63%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($43,722 per ton), while the price for Myanmar ($1,194 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Australia (FOB) - 2022

The average export price for statuettes and other ornaments; of base metal plated with precious metals stood at $86,494 per ton in 2022, growing by 25% against the previous year. Over the period under review, the export price recorded a significant expansion. The growth pace was the most rapid in 2015 when the average export price increased by 599% against the previous year. As a result, the export price reached the peak level of $264,983 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Hong Kong SAR ($92,500 per ton) and South Korea ($86,708 per ton), while the average price for exports to Papua New Guinea ($81,200 per ton) and the United States ($86,419 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Australia

In 2022, approx. 12 tons of statuettes and other ornaments; of base metal plated with precious metals were imported into Australia; increasing by 9.8% on the year before. Overall, imports, however, saw a perceptible decrease.

In value terms, imports of statuettes and other ornaments; of base metal plated with precious metals rose rapidly to $362K in 2022. The total import value increased at an average annual rate of +7.7% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal to Australia in 2022:

1. Myanmar (2.4 tons)
2. China (2.2 tons)
3. Italy (1.5 tons)
4. India (1.3 tons)
5. United States (1.2 tons)
6. Nepal (0.8 tons)
7. Taiwan (Chinese) (0.3 tons)
8. Greece (0.3 tons)
9. United Kingdom (0.2 tons)
10. Spain (0.2 tons)

Exports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Australia

Exports of statuettes and other ornaments; of base metal plated with precious metals from Australia declined sharply to 858 kg in 2022, waning by -50.9% compared with the previous year. In general, exports recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 when exports increased by 406% against the previous year. As a result, the exports attained the peak of 1.7 tons, and then contracted markedly in the following year.

In value terms, exports of statuettes and other ornaments; of base metal plated with precious metals fell sharply to $74K in 2022. Over the period under review, exports showed a pronounced reduction. The growth pace was the most rapid in 2021 with an increase of 438% against the previous year. As a result, the exports reached the peak of $121K, and then dropped dramatically in the following year.

Top Export Markets for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal from Australia in 2022:

1. New Zealand (436.0 kg)
2. United Kingdom (210.0 kg)
3. United States (105.0 kg)
4. Singapore (72.0 kg)
5. South Korea (24.0 kg)
6. Papua New Guinea (5.0 kg)

Source: IndexBox Market Intelligence Platform