Price for Non-Silver Precious Metal Jewelry in Singapore - 2022

Contents:

1. Price for Non-Silver Precious Metal Jewelry in Singapore (CIF) - 2022
2. Price for Non-Silver Precious Metal Jewelry in Singapore (FOB) - 2022
3. Imports of Non-Silver Precious Metal Jewelry in Singapore
4. Exports of Non-Silver Precious Metal Jewelry in Singapore

Price for Non-Silver Precious Metal Jewelry in Singapore (CIF) - 2022

The average non-silver precious metal jewelry import price stood at $37,792,958 per ton in 2022, remaining constant against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 18%. As a result, import price reached the peak level of $41,265 per kg. From 2014 to 2022, the average import prices remained at a lower figure.

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 the United Arab Emirates ($48,342,087 per ton), while the price for Malaysia ($26,706,463 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Silver Precious Metal Jewelry in Singapore (FOB) - 2022

The average non-silver precious metal jewelry export price stood at $53,085,484 per ton in 2022, with an increase of 34% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 export price increased by +48.2% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 52%. As a result, the export price reached the peak level of $61,126 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($64,088,216 per ton), while the average price for exports to Switzerland ($40,077,523 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 Australia (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Silver Precious Metal Jewelry in Singapore

Non-silver precious metal jewelry imports into Singapore skyrocketed to 119 tons in 2022, jumping by 47% compared with 2021 figures. Overall, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 55%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, non-silver precious metal jewelry imports skyrocketed to $4.5B in 2022. Over the period under review, imports showed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Non-Silver Precious Metal Jewelry to Singapore in 2022:

1. Malaysia (32.2 tons)
2. France (19.8 tons)
3. India (18.5 tons)
4. Indonesia (12.2 tons)
5. Italy (5.9 tons)
6. United States (5.9 tons)
7. Hong Kong SAR (5.6 tons)
8. United Arab Emirates (5.4 tons)
9. Switzerland (4.5 tons)
10. China (4.4 tons)

Exports of Non-Silver Precious Metal Jewelry in Singapore

Non-silver precious metal jewelry exports from Singapore declined to 64 tons in 2022, dropping by -10.7% against 2021. Over the period under review, exports continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2021 with an increase of 88%. As a result, the exports reached the peak of 72 tons, and then fell in the following year.

In value terms, non-silver precious metal jewelry exports skyrocketed to $3.4B in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +12.0% 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 +97.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 65%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Non-Silver Precious Metal Jewelry from Singapore in 2022:

1. United Arab Emirates (13.4 tons)
2. United States (8.9 tons)
3. Switzerland (6.2 tons)
4. Thailand (5.5 tons)
5. Qatar (5.4 tons)
6. Australia (4.5 tons)
7. Malaysia (4.3 tons)
8. Bangladesh (3.6 tons)
9. Hong Kong SAR (2.9 tons)
10. France (1.6 tons)
11. Indonesia (1.4 tons)

Source: IndexBox Market Intelligence Platform