Price for Non-Silver Precious Metal Jewelry in Denmark - 2023
Contents:
- Price for Non-Silver Precious Metal Jewelry in Denmark (CIF) - 2022
- Price for Non-Silver Precious Metal Jewelry in Denmark (FOB) - 2022
- Imports of Non-Silver Precious Metal Jewelry in Denmark
- Exports of Non-Silver Precious Metal Jewelry in Denmark
Price for Non-Silver Precious Metal Jewelry in Denmark (CIF) - 2022
The average non-silver precious metal jewelry import price stood at $5,016,689 per ton in 2022, waning by -23.5% against the previous year. Over the period under review, the import price saw a perceptible shrinkage. The growth pace was the most rapid in 2016 when the average import price increased by 36% against the previous year. As a result, import price reached the peak level of $8,433 per kg. From 2017 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($11,136,049 per ton), while the price for the UK ($1,201,924 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 (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Silver Precious Metal Jewelry in Denmark (FOB) - 2022
In 2022, the average non-silver precious metal jewelry export price amounted to $4,917,459 per ton, waning by -11.2% against the previous year. Over the period under review, the export price continues to indicate a perceptible setback. The growth pace was the most rapid in 2013 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices attained the maximum at $8,585,919 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($11,880,271 per ton), while the average price for exports to Faroe Islands ($312,768 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 the Netherlands (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Silver Precious Metal Jewelry in Denmark
In 2022, non-silver precious metal jewelry imports into Denmark soared to 18 tons, picking up by 41% on 2021. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, non-silver precious metal jewelry imports stood at $89M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +18.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 32%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
Import of Non-Silver Precious Metal Jewelry in Denmark (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 15.9 | 16.6 | 22.2 | 26.9 | 19.2% |
France | 4.1 | 4.9 | 9.4 | 8.2 | 26.0% |
Italy | 1.5 | 1.8 | 2.2 | 6.1 | 59.6% |
China | 3.8 | 3.4 | 5.3 | 6.0 | 16.4% |
Turkey | 2.6 | 3.6 | 3.9 | 5.2 | 26.0% |
United States | 0.6 | 1.6 | 2.5 | 4.7 | 98.6% |
Hong Kong SAR | 4.5 | 6.4 | 5.5 | 4.6 | 0.7% |
Spain | 0.3 | 1.7 | N/A | 2.0 | 88.2% |
Sweden | 0.8 | 1.5 | 3.1 | 1.8 | 31.0% |
Netherlands | 0.1 | 0.9 | 1.3 | 1.5 | 146.6% |
Norway | 1.3 | 1.2 | 0.9 | 1.4 | 2.5% |
United Kingdom | 0.1 | 0.3 | 1.2 | 1.0 | 115.4% |
Ireland | N/A | 0.5 | N/A | 0.7 | 18.3% |
Others | 17.8 | 18.4 | 24.9 | 18.9 | 2.0% |
Total | 53.5 | 62.7 | 82.5 | 89.1 | 18.5% |
Top Suppliers of Non-Silver Precious Metal Jewelry to Denmark in 2022:
- Thailand (4.7 tons)
- United States (1.8 tons)
- China (1.2 tons)
- United Kingdom (0.8 tons)
- France (0.7 tons)
- Turkey (0.6 tons)
- Netherlands (0.6 tons)
- Italy (0.6 tons)
- Sweden (0.5 tons)
- Hong Kong SAR (0.5 tons)
- Ireland (0.5 tons)
- Norway (0.5 tons)
- Spain (0.5 tons)
Exports of Non-Silver Precious Metal Jewelry in Denmark
For the fourth year in a row, Denmark recorded growth in shipments abroad of non-silver precious metal jewelry, which increased by 36% to 14 tons in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +26.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +103.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 39%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, non-silver precious metal jewelry exports soared to $71M in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.7% 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 +62.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 23%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.
Export of Non-Silver Precious Metal Jewelry in Denmark (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 4.8 | 6.0 | 9.5 | 13.2 | 40.1% |
Norway | 9.2 | 12.2 | 10.2 | 8.5 | -2.6% |
Sweden | 4.9 | 5.1 | 6.9 | 8.3 | 19.2% |
United States | 3.1 | 2.1 | 4.0 | 5.1 | 18.1% |
Switzerland | 2.3 | 2.6 | 4.6 | 5.0 | 29.5% |
United Kingdom | 2.0 | 2.8 | 4.2 | 4.2 | 28.1% |
France | 2.1 | 1.4 | 2.2 | 3.5 | 18.6% |
Netherlands | 1.1 | 2.4 | 1.8 | 3.4 | 45.7% |
Belgium | 1.2 | 1.8 | 3.3 | 3.3 | 40.1% |
Austria | 1.0 | 1.3 | 1.3 | 2.4 | 33.9% |
Australia | 2.3 | 1.8 | 2.4 | 2.3 | 0.0% |
Singapore | 0.8 | 0.6 | 0.2 | 1.2 | 14.5% |
Faroe Islands | 0.1 | 0.1 | 0.3 | 0.2 | 26.0% |
Others | 8.5 | 7.5 | 7.7 | 10.1 | 5.9% |
Total | 43.4 | 47.7 | 58.8 | 70.8 | 17.7% |
Top Export Markets for Non-Silver Precious Metal Jewelry from Denmark in 2022:
- Germany (3.5 tons)
- Norway (1.5 tons)
- Sweden (1.3 tons)
- United Kingdom (1.1 tons)
- United States (0.7 tons)
- Faroe Islands (0.6 tons)
- France (0.5 tons)
- Netherlands (0.5 tons)
- Australia (0.4 tons)
- Singapore (0.4 tons)
- Switzerland (0.4 tons)
- Belgium (0.4 tons)
- Austria (0.3 tons)
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