Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Sri Lanka - 2022

Contents:

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

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

The average import price for statuettes and other ornaments; of base metal plated with precious metals stood at $15,366 per ton in 2022, declining by -21.9% against the previous year. Overall, the import price saw a abrupt curtailment. The growth pace was the most rapid in 2016 an increase of 57% against the previous year. The import price peaked at $26,112 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($91,519 per ton), while the price for Hong Kong SAR ($6,077 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+10.6%), 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 Sri Lanka (FOB) - 2022

In 2022, the average export price for statuettes and other ornaments; of base metal plated with precious metals amounted to $17,108 per ton, falling by -9% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 127% against the previous year. As a result, the export price attained the peak level of $54,662 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

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 UK ($24,000 per ton), while the average price for exports to Canada ($2,000 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 Canada (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, approx. 2.4 tons of statuettes and other ornaments; of base metal plated with precious metals were imported into Sri Lanka; picking up by 4.2% on the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 28%.

In value terms, imports of statuettes and other ornaments; of base metal plated with precious metals reduced rapidly to $38K in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. As a result, imports reached the peak of $46K, and then dropped rapidly in the following year.

Import of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands0.10.73.49.0348.1%
United Kingdom10.218.88.07.2-11.0%
Thailand0.10.10.15.9289.3%
SwitzerlandN/AN/A9.94.9-50.5%
AustraliaN/AN/AN/A3.80%
India7.84.50.33.1-26.5%
China12.29.212.22.2-43.5%
Spain2.22.52.4N/A4.4%
Others4.14.89.91.5-28.5%
Total36.640.746.237.60.9%

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

  1. Netherlands (880.0 kg)
  2. Thailand (565.0 kg)
  3. India (367.0 kg)
  4. China (206.0 kg)
  5. Australia (157.0 kg)
  6. Switzerland (128.0 kg)
  7. United Kingdom (79.0 kg)

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

In 2022, after two years of decline, there was significant growth in shipments abroad of statuettes and other ornaments; of base metal plated with precious metals, when their volume increased by 638% to 1.4 tons. Overall, exports, however, continue to indicate a mild curtailment.

In value terms, exports of statuettes and other ornaments; of base metal plated with precious metals soared to $24K in 2022. Over the period under review, exports continue to indicate buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Maldives1.90.61.723.8132.2%
Kuwait5.60.60.1N/A-86.6%
United Kingdom8.42.30.3N/A-81.1%
Oman0.30.1N/AN/A-66.7%
South Africa0.7N/AN/AN/A0%
Others2.01.71.5N/A-13.4%
Total18.95.23.623.98.1%

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

  1. Maldives (1385.0 kg)
  2. Oman (3.0 kg)
  3. United Kingdom (2.0 kg)
  4. Kuwait (1.0 kg)

Source: IndexBox Market Intelligence Platform

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