Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Singapore - 2023
Contents:
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Singapore (CIF) - 2022
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Singapore (FOB) - 2022
- Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Singapore
- Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Singapore
Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Singapore (CIF) - 2022
The average import price for articles of precious metal or of metal clad with precious metal stood at $1,962,353 per ton in 2022, remaining constant against the previous year. In general, the import price saw a slight setback. The growth pace was the most rapid in 2019 an increase of 75%. Over the period under review, average import prices attained the peak figure at $2,251,149 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 Japan ($20,085,805 per ton), while the price for the United States ($1,634,703 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+22.3%), 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 Singapore (FOB) - 2022
The average export price for articles of precious metal or of metal clad with precious metal stood at $3,253,090 per ton in 2022, jumping by 24% against the previous year. Overall, the export price, however, recorded a noticeable reduction. Over the period under review, the average export prices hit record highs at $4,471,915 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($7,866,849 per ton), while the average price for exports to Japan ($1,738,307 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 Hong Kong SAR (+6.4%), while the prices for the other major destinations experienced a decline.
Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Singapore
In 2022, purchases abroad of articles of precious metal or of metal clad with precious metal decreased by -6.9% to 380 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 133%. As a result, imports attained the peak of 408 tons, and then declined in the following year.
In value terms, imports of articles of precious metal or of metal clad with precious metal shrank to $745M in 2022. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 128% against the previous year. As a result, imports reached the peak of $811M, and then declined in the following year.
Import of Articles of Precious Metal or of Metal Clad with Precious Metal in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 117 | 261 | 628 | 580 | 70.5% |
Japan | 38.2 | 62.2 | 139 | 102 | 38.7% |
Germany | 6.6 | 4.1 | 9.5 | 22.2 | 49.8% |
France | 4.1 | 3.2 | 13.5 | 19.7 | 68.7% |
Others | 19.7 | 24.0 | 21.8 | 21.3 | 2.6% |
Total | 186 | 355 | 811 | 745 | 58.8% |
Top Suppliers of Articles of Precious Metal or of Metal Clad with Precious Metal to Singapore in 2022:
- United States (354.7 tons)
- France (6.9 tons)
- Germany (6.1 tons)
- Japan (5.1 tons)
Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Singapore
In 2022, the amount of articles of precious metal or of metal clad with precious metal exported from Singapore reduced to 26 tons, dropping by -12.6% against the previous year's figure. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. As a result, the exports reached the peak of 30 tons, and then fell in the following year.
In value terms, exports of articles of precious metal or of metal clad with precious metal rose significantly to $86M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.3% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
Export of Articles of Precious Metal or of Metal Clad with Precious Metal in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 28.1 | 18.5 | 15.0 | 20.4 | -10.1% |
China | 1.9 | 1.1 | 9.2 | 12.5 | 87.4% |
Germany | 8.9 | 10.9 | 4.6 | 11.4 | 8.6% |
Indonesia | 0.8 | 1.4 | 10.5 | 10.6 | 136.6% |
Australia | 0.1 | 0.6 | 0.2 | 8.4 | 338.0% |
Malaysia | 4.0 | 8.8 | 13.4 | 8.2 | 27.0% |
Japan | 7.3 | 9.0 | 14.3 | 6.7 | -2.8% |
Taiwan (Chinese) | 5.3 | 6.0 | 5.0 | 2.6 | -21.1% |
Others | 2.3 | 3.5 | 6.6 | 5.0 | 29.5% |
Total | 58.7 | 59.7 | 78.9 | 85.9 | 13.5% |
Top Export Markets for Articles of Precious Metal or of Metal Clad with Precious Metal from Singapore in 2022:
- United States (6.9 tons)
- China (6.1 tons)
- Japan (3.9 tons)
- Indonesia (3.2 tons)
- Germany (2.6 tons)
- Australia (1.4 tons)
- Malaysia (1.0 tons)
- Taiwan (Chinese) (0.2 tons)
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