Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Libya - 2022
Contents:
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Libya (CIF) - 2022
- Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Libya
Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Libya (CIF) - 2022
In 2022, the average import price for articles of precious metal or of metal clad with precious metal amounted to $283,474 per ton, picking up by 70% against the previous year. Over the period under review, the import price posted a resilient expansion. The pace of growth was the most pronounced in 2021 an increase of 133%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($4,001,000 per ton), while the price for Germany ($95,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+38.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Libya
In 2022, supplies from abroad of articles of precious metal or of metal clad with precious metal decreased by -30.9% to 38 kg, falling for the second consecutive year after two years of growth. Overall, imports recorded a deep downturn. The pace of growth was the most pronounced in 2020 when imports increased by 61%. As a result, imports attained the peak of 106 kg. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of articles of precious metal or of metal clad with precious metal surged to $11K in 2022. The total import value increased at an average annual rate of +2.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 21%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Articles of Precious Metal or of Metal Clad with Precious Metal in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 3.8 | 3.8 | 6.0 | 5.6 | 13.8% |
| Belgium | N/A | N/A | N/A | 4.0 | 0% |
| United Kingdom | 2.3 | 2.8 | 2.4 | 0.8 | -29.7% |
| Turkey | 0.7 | 0.1 | 0.1 | 0.1 | -47.7% |
| Switzerland | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Germany | 1.6 | 0.7 | 0.5 | 0.1 | -60.3% |
| United Arab Emirates | N/A | 0.2 | N/A | N/A | 0% |
| Others | 1.6 | N/A | N/A | N/A | 0% |
| Total | 10.1 | 7.6 | 9.2 | 10.8 | 2.3% |
Top Suppliers of Articles of Precious Metal or of Metal Clad with Precious Metal to Libya in 2022:
- Italy (33.0 kg)
- Turkey (1.0 kg)
- United Kingdom (1.0 kg)
- Belgium (1.0 kg)
- Germany (1.0 kg)
- Switzerland (1.0 kg)
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