Price for Non-Silver Precious Metal Jewelry in Russia - 2022
Contents:
- Price for Non-Silver Precious Metal Jewelry in Russia (CIF) - 2022
- Price for Non-Silver Precious Metal Jewelry in Russia (FOB) - 2022
- Imports of Non-Silver Precious Metal Jewelry in Russia
- Exports of Non-Silver Precious Metal Jewelry in Russia
Price for Non-Silver Precious Metal Jewelry in Russia (CIF) - 2022
In 2022, the average non-silver precious metal jewelry import price amounted to $10,123,691 per ton, declining by -20.2% against the previous year. In general, the import price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2017 an increase of 29%. Over the period under review, average import prices attained the peak figure at $52,168,253 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 China ($43,854,667 per ton), while the price for the United States ($7,153,593 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (-0.3%), while the prices for the other major suppliers experienced a decline.
Price for Non-Silver Precious Metal Jewelry in Russia (FOB) - 2022
In 2022, the average non-silver precious metal jewelry export price amounted to $23,160,116 per ton, which is down by -5.8% against the previous year. Overall, the export price, however, saw strong growth. The growth pace was the most rapid in 2014 when the average export price increased by 66% against the previous year. Over the period under review, the average export prices attained the peak figure at $24,595,356 per ton in 2021, and then dropped in the following year.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($17,887,050 per ton), while the average price for exports to Kazakhstan amounted to $17,544,037 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+18.8%).
Imports of Non-Silver Precious Metal Jewelry in Russia
Non-silver precious metal jewelry imports into Russia was estimated at 20 tons in 2022, approximately reflecting 2021. Over the period under review, imports enjoyed strong growth. The pace of growth was the most pronounced in 2021 with an increase of 114% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, non-silver precious metal jewelry imports dropped remarkably to $198M in 2022. Overall, imports, however, showed a deep setback. The growth pace was the most rapid in 2021 when imports increased by 66% against the previous year. As a result, imports attained the peak of $247M, and then declined remarkably in the following year.
| Import of Non-Silver Precious Metal Jewelry in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 24.0 | 11.6 | 18.6 | 61.3 | 36.7% |
| Switzerland | 42.2 | 30.5 | 76.5 | 42.8 | 0.5% |
| Armenia | 5.1 | 0.6 | 0.4 | 14.7 | 42.3% |
| Hong Kong SAR | 20.4 | 13.6 | 15.1 | 9.3 | -23.0% |
| Kazakhstan | N/A | 0.1 | 0.6 | 9.0 | 848.7% |
| United States | 16.5 | 16.7 | 25.3 | 7.1 | -24.5% |
| Italy | 21.0 | 11.8 | 20.2 | 5.7 | -35.3% |
| United Arab Emirates | 15.5 | 2.9 | 7.0 | N/A | -32.8% |
| Others | 88.2 | 61.5 | 83.5 | 48.5 | -18.1% |
| Total | 233 | 149 | 247 | 198 | -5.3% |
Top Suppliers of Non-Silver Precious Metal Jewelry to Russia in 2022:
- Turkey (5.5 tons)
- United States (1.0 tons)
- Switzerland (1.0 tons)
- Kazakhstan (0.9 tons)
- Italy (0.7 tons)
- Armenia (0.7 tons)
- Hong Kong SAR (0.4 tons)
Exports of Non-Silver Precious Metal Jewelry in Russia
In 2022, the amount of non-silver precious metal jewelry exported from Russia dropped to 4.4 tons, reducing by -12.8% against the year before. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year.
In value terms, non-silver precious metal jewelry exports contracted rapidly to $102M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +5.5% 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 +27.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. As a result, the exports attained the peak of $124M, and then dropped notably in the following year.
| Export of Non-Silver Precious Metal Jewelry in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 30.7 | 21.8 | 24.5 | 43.6 | 12.4% |
| Kazakhstan | 34.6 | 35.3 | 60.7 | 32.8 | -1.8% |
| Others | 21.0 | 22.2 | 38.4 | 25.1 | 6.1% |
| Total | 86.4 | 79.4 | 124 | 102 | 5.7% |
Top Export Markets for Non-Silver Precious Metal Jewelry from Russia in 2022:
- Belarus (2.4 tons)
- Kazakhstan (1.9 tons)
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