Price for Articles of Precious Metal or of Metal Clad with Precious Metal in South Africa - 2024
Contents:
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in South Africa (CIF) - 2022
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in South Africa (FOB) - 2022
- Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in South Africa
- Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in South Africa
Price for Articles of Precious Metal or of Metal Clad with Precious Metal in South Africa (CIF) - 2022
The average import price for articles of precious metal or of metal clad with precious metal stood at $3,541,224 per ton in 2022, shrinking by -27% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the average import price increased by 98% against the previous year. The import price peaked at $4,848,884 per ton in 2021, and then declined remarkably 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 Germany ($5,772,874 per ton), while the price for China ($84,951 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+11.4%), 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 South Africa (FOB) - 2022
In 2022, the average export price for articles of precious metal or of metal clad with precious metal amounted to $32,854 per ton, declining by -65.9% against the previous year. Overall, the export price, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2016 an increase of 678% against the previous year. The export price peaked at $138,154 per ton in 2019; however, from 2020 to 2022, the 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 United Arab Emirates ($248,195 per ton), while the average price for exports to Botswana ($13,897 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 Angola (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in South Africa
In 2022, the amount of articles of precious metal or of metal clad with precious metal imported into South Africa shrank rapidly to 2.8 tons, reducing by -36.2% on 2021. Over the period under review, imports recorded a sharp contraction. The growth pace was the most rapid in 2021 when imports increased by 28% against the previous year.
In value terms, imports of articles of precious metal or of metal clad with precious metal reduced rapidly to $10M in 2022. In general, imports recorded a significant decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 70% against the previous year.
| Import of Articles of Precious Metal or of Metal Clad with Precious Metal in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 22.7 | 12.1 | 21.1 | 9.6 | -24.9% |
| India | N/A | N/A | N/A | 0.1 | 0% |
| Austria | 0.3 | 0.1 | 0.2 | 0.1 | -30.7% |
| China | N/A | N/A | N/A | N/A | 0% |
| Lesotho | N/A | N/A | N/A | N/A | 0% |
| United Kingdom | 0.1 | N/A | N/A | N/A | 0% |
| France | N/A | 0.1 | N/A | N/A | 0% |
| United States | 0.1 | 0.3 | 0.1 | N/A | 0.0% |
| Others | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Total | 23.5 | 12.7 | 21.5 | 10.0 | -24.8% |
Top Suppliers of Articles of Precious Metal or of Metal Clad with Precious Metal to South Africa in 2022:
- Germany (1671.0 kg)
- India (750.0 kg)
- Austria (93.0 kg)
- France (67.0 kg)
- China (61.0 kg)
- United Kingdom (32.0 kg)
- United States (4.0 kg)
Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in South Africa
In 2022, overseas shipments of articles of precious metal or of metal clad with precious metal decreased by -25.9% to 12 tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 72% against the previous year. As a result, the exports attained the peak of 39 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of articles of precious metal or of metal clad with precious metal shrank dramatically to $400K in 2022. Overall, exports saw a significant contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 70%. As a result, the exports reached the peak of $5.3M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Articles of Precious Metal or of Metal Clad with Precious Metal in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 37.1 | 48.1 | 66.7 | 161 | 63.1% |
| United Arab Emirates | N/A | N/A | 1.1 | 77.7 | 6963.6% |
| United Kingdom | 64.0 | 193 | 663 | 29.9 | -22.4% |
| Poland | N/A | N/A | N/A | 21.4 | 0% |
| Zambia | 10.5 | N/A | 6.4 | 13.2 | 7.9% |
| Swaziland | 1.6 | 2.3 | 1.3 | 11.6 | 93.5% |
| Zimbabwe | 3.8 | 1.5 | 7.2 | 10.2 | 39.0% |
| Germany | N/A | 4,996 | 735 | 0.2 | -99.4% |
| France | 2,303 | N/A | N/A | N/A | 0% |
| Others | 721 | 99.0 | 103 | 75.3 | -52.9% |
| Total | 3,141 | 5,340 | 1,585 | 400 | -49.7% |
Top Export Markets for Articles of Precious Metal or of Metal Clad with Precious Metal from South Africa in 2022:
- Namibia (9.5 tons)
- Zambia (0.6 tons)
- Zimbabwe (0.5 tons)
- Poland (0.4 tons)
- Swaziland (0.4 tons)
- United Arab Emirates (0.3 tons)
- United Kingdom (0.2 tons)
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