Price for Non-Silver Precious Metal Jewelry in Egypt - 2023
Contents:
- Price for Non-Silver Precious Metal Jewelry in Egypt (CIF) - 2022
- Price for Non-Silver Precious Metal Jewelry in Egypt (FOB) - 2022
- Imports of Non-Silver Precious Metal Jewelry in Egypt
- Exports of Non-Silver Precious Metal Jewelry in Egypt
Price for Non-Silver Precious Metal Jewelry in Egypt (CIF) - 2022
In 2022, the average non-silver precious metal jewelry import price amounted to $3,260,543 per ton, shrinking by -30.7% against the previous year. Over the period under review, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2013 an increase of 174%. Over the period under review, average import prices reached the peak figure at $20,461,259 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($44,845,246 per ton), while the price for Turkey ($2,816,023 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Silver Precious Metal Jewelry in Egypt (FOB) - 2022
The average non-silver precious metal jewelry export price stood at $17,409,400 per ton in 2022, picking up by 533% against the previous year. Overall, the export price posted significant growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 1,325%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($41,446,333 per ton), while the average price for exports to Bahrain ($269,000 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 Bahrain (+519.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Silver Precious Metal Jewelry in Egypt
In 2022, after three years of growth, there was significant decline in purchases abroad of non-silver precious metal jewelry, when their volume decreased by -65.2% to 17 tons. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 13,400% against the previous year.
In value terms, non-silver precious metal jewelry imports fell markedly to $55M in 2022. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 2,792% against the previous year.
| Import of Non-Silver Precious Metal Jewelry in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | 45.3 | 156 | 46.4 | 1.2% |
| United Arab Emirates | 2.2 | 18.8 | 47.9 | 5.8 | 38.1% |
| Italy | 0.1 | 3.2 | 5.1 | 2.9 | 207.2% |
| Others | N/A | 1.2 | 20.2 | 0.1 | -71.1% |
| Total | 2.4 | 68.5 | 229 | 55.2 | 184.4% |
Top Suppliers of Non-Silver Precious Metal Jewelry to Egypt in 2022:
- Turkey (16.5 tons)
- Italy (0.3 tons)
- United Arab Emirates (0.1 tons)
Exports of Non-Silver Precious Metal Jewelry in Egypt
In 2022, overseas shipments of non-silver precious metal jewelry decreased by -90.8% to 10 kg for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports faced a dramatic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 319% against the previous year. As a result, the exports reached the peak of 109 kg, and then reduced rapidly in the following year.
In value terms, non-silver precious metal jewelry exports reduced rapidly to $174K in 2022. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 5,874% against the previous year. As a result, the exports reached the peak of $300K, and then dropped dramatically in the following year.
| Export of Non-Silver Precious Metal Jewelry in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Saudi Arabia | 0.2 | N/A | 124 | 2390.0% | |
| Turkey | N/A | N/A | 30.4 | 0% | |
| United Arab Emirates | 4.7 | 203 | 14.7 | 76.9% | |
| Jordan | N/A | 0.4 | 4.4 | 1000.0% | |
| Bahrain | N/A | N/A | 0.3 | 0% | |
| United States | N/A | 5.9 | N/A | 0% | |
| Others | 0.1 | 90.1 | N/A | 90000.0% | |
| Total | 5.0 | 300 | 174 | 489.9% | |
Top Export Markets for Non-Silver Precious Metal Jewelry from Egypt in 2022:
- United Arab Emirates (4.0 kg)
- Saudi Arabia (3.0 kg)
- Bahrain (1.0 kg)
- Jordan (1.0 kg)
- Turkey (1.0 kg)
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