Price for Precious Metal-Clad Jewelry of Base Metals in Ecuador - 2022
Contents:
- Price for Precious Metal-Clad Jewelry of Base Metals in Ecuador (CIF) - 2022
- Price for Precious Metal-Clad Jewelry of Base Metals in Ecuador (FOB) - 2022
- Imports of Precious Metal-Clad Jewelry of Base Metals in Ecuador
- Exports of Precious Metal-Clad Jewelry of Base Metals in Ecuador
Price for Precious Metal-Clad Jewelry of Base Metals in Ecuador (CIF) - 2022
In 2022, the average import price for base metal jewelry clad with precious metals amounted to $44,382 per ton, reducing by -39.5% against the previous year. In general, the import price showed a abrupt descent. The pace of growth appeared the most rapid in 2014 when the average import price increased by 54%. Over the period under review, average import prices attained the peak figure at $157,646 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 Brazil ($313,700 per ton), while the price for China ($12,286 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+14.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Precious Metal-Clad Jewelry of Base Metals in Ecuador (FOB) - 2022
In 2022, the average export price for base metal jewelry clad with precious metals amounted to $154,325 per ton, increasing by 52% against the previous year. Over the period under review, the export price, however, saw a deep reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 105%. As a result, the export price reached the peak level of $937,029 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
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 the United States ($1,168,818 per ton), while the average price for exports to Canada ($51,000 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 Poland (+87.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Precious Metal-Clad Jewelry of Base Metals in Ecuador
In 2022, imports of base metal jewelry clad with precious metals into Ecuador rose remarkably to 7.5 tons, picking up by 5.6% on 2021. Overall, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 102%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of base metal jewelry clad with precious metals contracted sharply to $334K in 2022. In general, imports saw a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 106%. As a result, imports attained the peak of $522K, and then contracted rapidly in the following year.
| Import of Precious Metal-Clad Jewelry of Base Metals in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 90.0 | 179 | 329 | 238 | 38.3% |
| China | 54.2 | 38.6 | 103 | 76.4 | 12.1% |
| Colombia | 9.7 | 5.1 | 1.3 | 17.8 | 22.4% |
| Peru | 64.5 | 13.4 | 73.2 | N/A | 6.5% |
| Others | 21.2 | 17.7 | 15.9 | 1.1 | -62.7% |
| Total | 240 | 254 | 522 | 334 | 11.6% |
Top Suppliers of Precious Metal-Clad Jewelry of Base Metals to Ecuador in 2022:
- China (6.2 tons)
- Brazil (0.8 tons)
- Colombia (0.5 tons)
Exports of Precious Metal-Clad Jewelry of Base Metals in Ecuador
In 2022, the amount of base metal jewelry clad with precious metals exported from Ecuador declined sharply to 169 kg, which is down by -17.6% on 2021 figures. Overall, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 101% against the previous year. As a result, the exports attained the peak of 205 kg, and then declined remarkably in the following year.
In value terms, exports of base metal jewelry clad with precious metals soared to $26K in 2022. Over the period under review, exports saw a deep downturn.
| Export of Precious Metal-Clad Jewelry of Base Metals in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 36.2 | 27.5 | 6.1 | 12.9 | -29.1% |
| Panama | 2.0 | 3.2 | 14.0 | 12.5 | 84.2% |
| France | N/A | N/A | N/A | 0.3 | 0% |
| Poland | N/A | 0.1 | N/A | 0.2 | 41.4% |
| Others | 0.1 | 0.5 | 0.7 | 0.2 | 26.0% |
| Total | 38.3 | 31.3 | 20.9 | 26.1 | -12.0% |
Top Export Markets for Precious Metal-Clad Jewelry of Base Metals from Ecuador in 2022:
- Panama (149.0 kg)
- United States (11.0 kg)
- France (3.0 kg)
- Poland (3.0 kg)
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