Price for Non-Silver Precious Metal Jewelry in Norway - 2023
Contents:
- Price for Non-Silver Precious Metal Jewelry in Norway (CIF) - 2022
- Price for Non-Silver Precious Metal Jewelry in Norway (FOB) - 2022
- Imports of Non-Silver Precious Metal Jewelry in Norway
- Exports of Non-Silver Precious Metal Jewelry in Norway
Price for Non-Silver Precious Metal Jewelry in Norway (CIF) - 2022
The average non-silver precious metal jewelry import price stood at $3,086,080 per ton in 2022, falling by -5.3% against the previous year. In general, the import price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2019 when the average import price increased by 22%. Over the period under review, average import prices hit record highs at $3,673,275 per ton in 2012; however, from 2013 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 Hong Kong SAR ($7,225,177 per ton), while the price for the United States ($1,731,425 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 (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Silver Precious Metal Jewelry in Norway (FOB) - 2022
The average non-silver precious metal jewelry export price stood at $2,042,413 per ton in 2022, which is down by -29.8% against the previous year. Overall, the export price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 48%. As a result, the export price reached the peak level of $9,039 per kg. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
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 Poland ($4,536,109 per ton), while the average price for exports to New Zealand ($439,273 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 Germany (+7.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Non-Silver Precious Metal Jewelry in Norway
In 2022, imports of non-silver precious metal jewelry into Norway fell to 20 tons, dropping by -7.6% on 2021. The total import volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 35% against the previous year. As a result, imports attained the peak of 22 tons, and then reduced in the following year.
In value terms, non-silver precious metal jewelry imports reduced to $61M in 2022. The total import value increased at an average annual rate of +4.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 47%. As a result, imports reached the peak of $70M, and then reduced in the following year.
| Import of Non-Silver Precious Metal Jewelry in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 4.8 | 6.7 | 8.3 | 10.1 | 28.1% |
| China | 6.1 | 6.4 | 7.3 | 7.8 | 8.5% |
| Denmark | 7.8 | 6.8 | 8.2 | 7.7 | -0.4% |
| Thailand | 3.8 | 3.8 | 6.0 | 6.1 | 17.1% |
| Germany | 4.9 | 4.5 | 5.7 | 5.4 | 3.3% |
| Turkey | 2.4 | 3.1 | 3.5 | 4.0 | 18.6% |
| Sweden | 3.0 | 2.8 | 2.6 | 3.4 | 4.3% |
| Italy | 1.6 | 2.2 | 2.5 | 3.1 | 24.7% |
| Spain | 2.1 | 2.1 | 2.0 | 2.3 | 3.1% |
| United Kingdom | 0.9 | 0.9 | 2.2 | 2.2 | 34.7% |
| United States | 0.9 | 1.1 | 6.3 | 1.6 | 21.1% |
| France | 1.3 | 1.1 | 1.4 | 1.6 | 7.2% |
| Tanzania | 1.2 | N/A | N/A | N/A | 0% |
| Others | 12.9 | 6.3 | 14.0 | 6.2 | -21.7% |
| Total | 53.9 | 47.9 | 70.2 | 61.4 | 4.4% |
Top Suppliers of Non-Silver Precious Metal Jewelry to Norway in 2022:
- Denmark (3.0 tons)
- China (2.6 tons)
- Thailand (2.5 tons)
- Germany (1.9 tons)
- India (1.5 tons)
- Sweden (1.2 tons)
- Turkey (1.1 tons)
- Italy (1.0 tons)
- United States (0.9 tons)
- United Kingdom (0.9 tons)
- Spain (0.7 tons)
- France (0.6 tons)
Exports of Non-Silver Precious Metal Jewelry in Norway
In 2022, approx. 2 tons of non-silver precious metal jewelry were exported from Norway; with an increase of 48% on 2021 figures. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 94% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, non-silver precious metal jewelry exports rose modestly to $4.1M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.6% 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 +78.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 71%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Export of Non-Silver Precious Metal Jewelry in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 9.4 | 23.6 | 67.1 | 595 | 298.5% |
| Poland | 227 | 742 | 803 | 540 | 33.5% |
| United States | 227 | 235 | 173 | 500 | 30.1% |
| United Kingdom | 1,187 | 612 | 519 | 467 | -26.7% |
| Germany | 270 | 58.8 | 354 | 452 | 18.7% |
| Denmark | 348 | 113 | 239 | 316 | -3.2% |
| Sweden | 72.3 | 32.4 | 70.9 | 171 | 33.2% |
| Netherlands | 34.6 | 9.0 | 54.5 | 93.1 | 39.1% |
| Hong Kong SAR | 15.7 | 187 | 394 | 89.5 | 78.6% |
| Thailand | 1.9 | 0.7 | 24.4 | 35.8 | 166.1% |
| Japan | 115 | 47.7 | 24.8 | 30.0 | -36.1% |
| New Zealand | N/A | 0.3 | N/A | 29.0 | 883.2% |
| Iceland | N/A | N/A | 4.0 | 19.1 | 377.5% |
| Others | 447 | 247 | 1,219 | 775 | 20.1% |
| Total | 2,954 | 2,309 | 3,947 | 4,111 | 11.6% |
Top Export Markets for Non-Silver Precious Metal Jewelry from Norway in 2022:
- Italy (462.0 kg)
- Germany (283.0 kg)
- United States (191.0 kg)
- Denmark (156.0 kg)
- Sweden (155.0 kg)
- United Kingdom (136.0 kg)
- Poland (119.0 kg)
- Thailand (66.0 kg)
- New Zealand (66.0 kg)
- Iceland (36.0 kg)
- Netherlands (35.0 kg)
- Hong Kong SAR (33.0 kg)
- Japan (30.0 kg)
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