Price for Non-Silver Precious Metal Jewelry in Lithuania - 2023
Contents:
- Price for Non-Silver Precious Metal Jewelry in Lithuania (CIF) - 2022
- Price for Non-Silver Precious Metal Jewelry in Lithuania (FOB) - 2023
- Imports of Non-Silver Precious Metal Jewelry in Lithuania
- Exports of Non-Silver Precious Metal Jewelry in Lithuania
Price for Non-Silver Precious Metal Jewelry in Lithuania (CIF) - 2022
In 2022, the average non-silver precious metal jewelry import price amounted to $55,701,159 per ton, surging by 6.6% against the previous year. Overall, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-silver precious metal jewelry import price increased by +87.8% against 2016 indices. The pace of growth appeared the most rapid in 2020 an increase of 26%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($138,655,500 per ton), while the price for Italy ($23,459,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+80.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Silver Precious Metal Jewelry in Lithuania (FOB) - 2023
In October 2023, the average non-silver precious metal jewelry export price amounted to $95.9M per ton, jumping by 55% against the previous month. Over the period under review, the export price posted a remarkable increase. The growth pace was the most rapid in May 2023 an increase of 188% m-o-m. Over the period under review, the average export prices reached the maximum in October 2023.
As there is only one major export destination, the average price level is determined by prices for Estonia.
From November 2022 to October 2023, the rate of growth in terms of prices for Estonia amounted to +3.9% per month.
Imports of Non-Silver Precious Metal Jewelry in Lithuania
In 2022, imports of non-silver precious metal jewelry into Lithuania was estimated at 565 kg, with an increase of 13% compared with 2021. The total import volume increased at an average annual rate of +12.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, non-silver precious metal jewelry imports skyrocketed to $31M in 2022. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Non-Silver Precious Metal Jewelry in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 7.8 | 10.9 | 10.9 | 13.7 | 20.7% |
| India | 0.6 | 1.1 | 3.5 | 3.9 | 86.6% |
| Estonia | 1.3 | 2.0 | 1.7 | 2.8 | 29.1% |
| Latvia | 0.4 | 0.6 | 0.4 | 1.6 | 58.7% |
| Belgium | 0.5 | 0.1 | 0.8 | 1.4 | 40.9% |
| Italy | 0.5 | 0.7 | 1.2 | 0.8 | 17.0% |
| Poland | 0.4 | 0.4 | 0.6 | 0.8 | 26.0% |
| Germany | 0.4 | 0.3 | 0.7 | 0.7 | 20.5% |
| Russia | 1.3 | 1.7 | 2.4 | 0.2 | -46.4% |
| Others | 1.2 | 1.4 | 4.2 | 5.7 | 68.1% |
| Total | 14.5 | 19.4 | 26.2 | 31.5 | 29.5% |
Top Suppliers of Non-Silver Precious Metal Jewelry to Lithuania in 2022:
- Turkey (332.0 kg)
- Estonia (41.0 kg)
- Italy (33.0 kg)
- India (33.0 kg)
- Latvia (30.0 kg)
- Poland (17.0 kg)
- Germany (13.0 kg)
- Belgium (10.0 kg)
- Russia (4.0 kg)
Exports of Non-Silver Precious Metal Jewelry in Lithuania
In 2022, the amount of non-silver precious metal jewelry exported from Lithuania skyrocketed to 87 kg, with an increase of 45% on the previous year. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +5.1% 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 +67.3% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, non-silver precious metal jewelry exports skyrocketed to $5.6M in 2022. Overall, exports saw a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Non-Silver Precious Metal Jewelry in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 1,204 | 1,427 | 1,776 | 2,103 | 20.4% |
| Hong Kong SAR | 2.5 | 32.0 | 64.8 | 1,954 | 821.1% |
| Latvia | 611 | 364 | 377 | 632 | 1.1% |
| Denmark | 139 | 135 | 213 | 273 | 25.2% |
| Kuwait | N/A | N/A | N/A | 227 | 0% |
| India | 6.2 | 12.7 | 42.0 | 104 | 156.0% |
| Poland | 120 | 155 | 17.0 | 86.8 | -10.2% |
| United States | 8.2 | 10.2 | 27.6 | 55.6 | 89.3% |
| Others | 1,186 | 309 | 265 | 123 | -53.0% |
| Total | 3,277 | 2,445 | 2,782 | 5,559 | 19.3% |
Top Export Markets for Non-Silver Precious Metal Jewelry from Lithuania in 2022:
- Estonia (34.0 kg)
- Hong Kong SAR (16.0 kg)
- Latvia (13.0 kg)
- Denmark (6.0 kg)
- Poland (3.0 kg)
- India (3.0 kg)
- United States (2.0 kg)
- Kuwait (2.0 kg)
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