Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Iraq - 2022
Contents:
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Iraq (CIF) - 2022
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Iraq (FOB) - 2022
- Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Iraq
- Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Iraq
Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Iraq (CIF) - 2022
In 2022, the average import price for articles of precious metal or of metal clad with precious metal amounted to $724,650 per ton, dropping by -23.3% against the previous year. Overall, the import price, however, posted significant growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by 332%. The import price peaked at $944,673 per ton in 2021, and then plummeted in the following year.
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 the United States ($4,699,700 per ton), while the price for Lebanon ($31,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.3%), 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 Iraq (FOB) - 2022
The average export price for articles of precious metal or of metal clad with precious metal stood at $514,286 per ton in 2022, with an increase of 25% against the previous year. Over the period under review, the export price continues to indicate temperate growth. The growth pace was the most rapid in 2019 an increase of 31% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +2.2% per year.
Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Iraq
In 2022, imports of articles of precious metal or of metal clad with precious metal into Iraq surged to 117 kg, with an increase of 113% compared with the previous year. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 129% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of articles of precious metal or of metal clad with precious metal soared to $85K in 2022. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 205% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Articles of Precious Metal or of Metal Clad with Precious Metal in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.6 | 10.8 | 30.5 | 47.0 | 135.5% |
| United Arab Emirates | N/A | N/A | N/A | 10.7 | 0% |
| Turkey | 0.5 | 1.5 | 4.1 | 6.2 | 131.5% |
| Australia | 0.1 | 0.3 | 3.7 | 4.9 | 265.9% |
| India | 0.1 | 0.3 | 0.5 | 3.6 | 230.2% |
| Italy | N/A | N/A | 0.7 | 2.2 | 214.3% |
| China | 0.1 | 0.4 | 1.3 | 1.7 | 157.1% |
| Others | 1.8 | 3.7 | 11.2 | 8.6 | 68.4% |
| Total | 6.4 | 17.0 | 52.0 | 84.8 | 136.6% |
Top Suppliers of Articles of Precious Metal or of Metal Clad with Precious Metal to Iraq in 2022:
- India (31.0 kg)
- Turkey (19.0 kg)
- United Arab Emirates (18.0 kg)
- Italy (15.0 kg)
- Australia (11.0 kg)
- United States (10.0 kg)
- China (7.0 kg)
Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Iraq
Exports of articles of precious metal or of metal clad with precious metal from Iraq fell to 7 kg in 2022, reducing by -12.5% compared with the year before. In general, exports showed a abrupt decline. The smallest decline of -10% was in 2020.
In value terms, exports of articles of precious metal or of metal clad with precious metal rose significantly to $3.6K in 2022. The total export value increased at an average annual rate of +9.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 9.6% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Articles of Precious Metal or of Metal Clad with Precious Metal in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 2.7 | 3.0 | 3.3 | 3.6 | 10.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.7 | 3.0 | 3.3 | 3.6 | 10.1% |
Top Export Markets for Articles of Precious Metal or of Metal Clad with Precious Metal from Iraq in 2022:
- Turkey (7.0 kg)
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