Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Bangladesh - 2022

Contents:

  1. Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Bangladesh (CIF) - 2022
  2. Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Bangladesh (FOB) - 2022
  3. Imports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Bangladesh
  4. Exports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Bangladesh

Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Bangladesh (CIF) - 2022

In 2022, the average import price for statuettes and other ornaments; of base metal plated with precious metals amounted to $3,949 per ton, surging by 13% against the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.3% 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 statuettes and other ornaments; of base metal plated with precious metals increased by +79.1% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of 53% against the previous year. Over the period under review, average import prices hit record highs at $4,026 per ton in 2014; however, from 2015 to 2022, 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 China ($75,412 per ton), while the price for India ($1,193 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+34.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Bangladesh (FOB) - 2022

The average export price for statuettes and other ornaments; of base metal plated with precious metals stood at $15,529 per ton in 2022, with a decrease of -38.7% against the previous year. Over the period under review, the export price showed a pronounced curtailment. The pace of growth appeared the most rapid in 2021 when the average export price increased by 48% against the previous year. The export price peaked at $28,125 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($34,083 per ton), while the average price for exports to Nepal ($1,229 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 Austria (+0.1%), while the prices for the other major destinations experienced a decline.

Imports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Bangladesh

In 2022, after two years of decline, there was significant growth in supplies from abroad of statuettes and other ornaments; of base metal plated with precious metals, when their volume increased by 1,730% to 117 tons. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of statuettes and other ornaments; of base metal plated with precious metals skyrocketed to $461K in 2022. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Bangladesh (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Singapore1.52.95.3338508.5%
Hong Kong SAR39.124.014.110739.9%
India2.63.31.01.5-16.8%
Others6.43.11.814.230.4%
Total49.633.222.2461110.3%

Top Suppliers of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal to Bangladesh in 2022:

  1. Singapore (96.0 tons)
  2. Hong Kong SAR (18.8 tons)
  3. India (1.2 tons)

Exports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Bangladesh

Exports of statuettes and other ornaments; of base metal plated with precious metals from Bangladesh shrank rapidly to 68 kg in 2022, falling by -57.8% against the previous year. Overall, exports faced a dramatic decline. The smallest decline of -28.3% was in 2020.

In value terms, exports of statuettes and other ornaments; of base metal plated with precious metals fell remarkably to $1.1K in 2022. Over the period under review, exports continue to indicate a sharp setback. The smallest decline of -8.6% was in 2020.

Export of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Bangladesh (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany3.83.83.60.8-40.5%
Austria1.00.70.40.2-41.5%
NepalN/AN/AN/AN/A0%
Others0.1N/A0.1N/A0.0%
Total4.94.54.11.1-39.2%

Top Export Markets for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal from Bangladesh in 2022:

  1. Nepal (35.0 kg)
  2. Germany (24.0 kg)
  3. Austria (8.0 kg)

Source: IndexBox Market Intelligence Platform

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