Price for Precious Metal-Clad Jewelry of Base Metals in Kenya - 2022
Contents:
- Price for Precious Metal-Clad Jewelry of Base Metals in Kenya (CIF) - 2022
- Price for Precious Metal-Clad Jewelry of Base Metals in Kenya (FOB) - 2022
- Imports of Precious Metal-Clad Jewelry of Base Metals in Kenya
- Exports of Precious Metal-Clad Jewelry of Base Metals in Kenya
Price for Precious Metal-Clad Jewelry of Base Metals in Kenya (CIF) - 2022
The average import price for base metal jewelry clad with precious metals stood at $15,568 per ton in 2022, falling by -68.6% against the previous year. Overall, the import price recorded a deep downturn. The growth pace was the most rapid in 2017 an increase of 59% against the previous year. Over the period under review, average import prices attained the peak figure at $136,616 per ton in 2012; however, from 2013 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 the United States ($32,625 per ton), while the price for China ($13,813 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 Arab Emirates (-6.6%), while the prices for the other major suppliers experienced a decline.
Price for Precious Metal-Clad Jewelry of Base Metals in Kenya (FOB) - 2022
In 2022, the average export price for base metal jewelry clad with precious metals amounted to $2,307 per ton, reducing by -97.9% against the previous year. Overall, the export price continues to indicate a dramatic setback. The growth pace was the most rapid in 2017 when the average export price increased by 159% against the previous year. Over the period under review, the average export prices reached the peak figure at $263,154 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for Zambia amounted to +32.9% per year.
Imports of Precious Metal-Clad Jewelry of Base Metals in Kenya
In 2022, imports of base metal jewelry clad with precious metals into Kenya skyrocketed to 764 kg, picking up by 406% against the year before. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of base metal jewelry clad with precious metals skyrocketed to $12K in 2022. In general, imports, however, faced a abrupt downturn.
Import of Precious Metal-Clad Jewelry of Base Metals in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 3.2 | N/A | 0.5 | 9.5 | 43.7% |
United States | 0.3 | 0.3 | 0.7 | 1.0 | 49.4% |
South Africa | 0.2 | 0.1 | 0.1 | 0.5 | 35.7% |
Zambia | 1.7 | 0.9 | N/A | N/A | -47.1% |
United Arab Emirates | 11.1 | 6.7 | 6.1 | N/A | -25.9% |
Others | 0.6 | 0.3 | 0.2 | 0.9 | 14.5% |
Total | 17.2 | 8.4 | 7.5 | 11.9 | -11.6% |
Top Suppliers of Precious Metal-Clad Jewelry of Base Metals to Kenya in 2022:
- China (686.0 kg)
- United States (32.0 kg)
- South Africa (27.0 kg)
Exports of Precious Metal-Clad Jewelry of Base Metals in Kenya
After two years of decline, shipments abroad of base metal jewelry clad with precious metals increased by 1,360% to 730 kg in 2022. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of base metal jewelry clad with precious metals shrank significantly to $1.7K in 2022. Overall, exports, however, faced a dramatic decrease. The smallest decline of -7.5% was in 2021.
Export of Precious Metal-Clad Jewelry of Base Metals in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | N/A | N/A | 0.1 | 1.0 | 900.0% |
Nigeria | N/A | 1.8 | N/A | N/A | 0% |
United States | 6.5 | 2.0 | 2.8 | N/A | -34.4% |
Zambia | 2.9 | 0.6 | 0.2 | N/A | -73.7% |
Others | 4.9 | 1.5 | 2.4 | 0.6 | -50.3% |
Total | 14.3 | 5.9 | 5.5 | 1.7 | -50.8% |
Top Export Markets for Precious Metal-Clad Jewelry of Base Metals from Kenya in 2022:
- United Arab Emirates (724.0 kg)
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