Price for Precious Metal-Clad Jewelry of Base Metals in Kuwait - 2022
Contents:
- Price for Precious Metal-Clad Jewelry of Base Metals in Kuwait (CIF) - 2022
- Price for Precious Metal-Clad Jewelry of Base Metals in Kuwait (FOB) - 2022
- Imports of Precious Metal-Clad Jewelry of Base Metals in Kuwait
- Exports of Precious Metal-Clad Jewelry of Base Metals in Kuwait
Price for Precious Metal-Clad Jewelry of Base Metals in Kuwait (CIF) - 2022
The average import price for base metal jewelry clad with precious metals stood at $1,029,276 per ton in 2022, increasing by 17% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for base metal jewelry clad with precious metals increased by +109.6% against 2018 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 64%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.
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 Switzerland ($2,631,000 per ton), while the price for the Netherlands ($49,273 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Precious Metal-Clad Jewelry of Base Metals in Kuwait (FOB) - 2022
In 2022, the average export price for base metal jewelry clad with precious metals amounted to $417,330 per ton, surging by 260% against the previous year. Overall, the export price, however, recorded a abrupt descent. Over the period under review, the average export prices attained the peak figure at $1,354,864 per ton in 2013; however, from 2014 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 Italy.
From 2012 to 2022, the rate of growth in terms of prices for Qatar amounted to -11.3% per year.
Imports of Precious Metal-Clad Jewelry of Base Metals in Kuwait
In 2022, imports of base metal jewelry clad with precious metals into Kuwait surged to 1.6 tons, rising by 269% compared with 2021. Over the period under review, imports recorded a significant increase. 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 soared to $1.6M in 2022. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Precious Metal-Clad Jewelry of Base Metals in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 196 | 214 | 267 | 1,086 | 77.0% |
| Turkey | 0.3 | N/A | 0.2 | 188 | 755.7% |
| France | 14.0 | 23.4 | 48.3 | 168 | 128.9% |
| United States | 11.5 | 43.0 | 12.1 | 37.6 | 48.4% |
| Lebanon | 8.8 | 7.0 | 4.8 | 32.2 | 54.1% |
| United Arab Emirates | 0.2 | 0.3 | 0.3 | 5.3 | 198.1% |
| Netherlands | 4.0 | 3.0 | 1.7 | 0.5 | -50.0% |
| Others | 95.6 | 128 | 39.4 | 105 | 3.2% |
| Total | 330 | 419 | 374 | 1,622 | 70.0% |
Top Suppliers of Precious Metal-Clad Jewelry of Base Metals to Kuwait in 2022:
- Italy (897.0 kg)
- Turkey (220.0 kg)
- France (218.0 kg)
- United States (83.0 kg)
- Lebanon (47.0 kg)
- United Arab Emirates (25.0 kg)
- Netherlands (11.0 kg)
Exports of Precious Metal-Clad Jewelry of Base Metals in Kuwait
Exports of base metal jewelry clad with precious metals from Kuwait surged to 115 kg in 2022, jumping by 858% compared with 2021. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of base metal jewelry clad with precious metals surged to $48K in 2022. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Precious Metal-Clad Jewelry of Base Metals in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | N/A | N/A | 45.3 | 0% |
| Qatar | 1.4 | 0.8 | 1.2 | N/A | -7.4% |
| Others | 0.2 | 0.3 | 0.2 | 2.7 | 138.1% |
| Total | 1.7 | 1.1 | 1.4 | 48.0 | 204.5% |
Top Export Markets for Precious Metal-Clad Jewelry of Base Metals from Kuwait in 2022:
- Italy (114.0 kg)
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