Price for Articles of Precious Metal or of Metal Clad with Precious Metal in the UK - 2023
Contents:
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in the UK (FOB) - 2022
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in the UK (CIF) - 2022
- Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in the UK
- Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in the UK
Price for Articles of Precious Metal or of Metal Clad with Precious Metal in the UK (FOB) - 2022
The average export price for articles of precious metal or of metal clad with precious metal stood at $1,127,225 per ton in 2022, declining by -23.4% against the previous year. Over the period under review, the export price, however, showed a moderate expansion. The pace of growth was the most pronounced in 2020 an increase of 73%. As a result, the export price attained the peak level of $2,105 per kg. From 2021 to 2022, the average 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 Australia ($9,109,340 per ton), while the average price for exports to Indonesia ($142,085 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 (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Articles of Precious Metal or of Metal Clad with Precious Metal in the UK (CIF) - 2022
In 2022, the average import price for articles of precious metal or of metal clad with precious metal amounted to $353,533 per ton, which is down by -7.9% against the previous year. Over the period under review, the import price, however, recorded a strong expansion. The pace of growth was the most pronounced in 2015 an increase of 120%. Over the period under review, average import prices reached the maximum at $408,194 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,847,531 per ton), while the price for Malaysia ($48,570 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in the UK
In 2022, the amount of articles of precious metal or of metal clad with precious metal exported from the UK rose significantly to 218 tons, growing by 13% on 2021. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 142% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of articles of precious metal or of metal clad with precious metal reduced to $246M in 2022. In general, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 69%. As a result, the exports reached the peak of $283M, and then reduced in the following year.
| Export of Articles of Precious Metal or of Metal Clad with Precious Metal in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 19.8 | 29.9 | 35.0 | 36.7 | 22.8% |
| Poland | N/A | 7.0 | 18.1 | 29.1 | 103.9% |
| South Korea | 26.8 | 28.8 | 42.4 | 28.3 | 1.8% |
| Egypt | N/A | 24.8 | 14.2 | 18.5 | -13.6% |
| Chile | 8.2 | 1.1 | 13.8 | 16.3 | 25.7% |
| Spain | 0.2 | 4.3 | 7.9 | 14.7 | 318.9% |
| Taiwan (Chinese) | 8.7 | 10.5 | 21.4 | 12.5 | 12.8% |
| Germany | 0.8 | 0.2 | 16.2 | 9.6 | 128.9% |
| Portugal | N/A | N/A | 4.8 | 5.7 | 18.8% |
| Indonesia | 2.2 | 2.5 | 4.3 | 5.2 | 33.2% |
| Canada | 3.0 | 2.1 | 3.6 | 3.2 | 2.2% |
| France | 7.4 | 0.4 | 5.0 | 1.5 | -41.3% |
| Finland | 6.3 | N/A | N/A | 0.1 | -74.9% |
| Others | 61.1 | 56.3 | 96.6 | 64.5 | 1.8% |
| Total | 144 | 168 | 283 | 246 | 19.5% |
Top Export Markets for Articles of Precious Metal or of Metal Clad with Precious Metal from the UK in 2022:
- Spain (40.3 tons)
- Indonesia (36.3 tons)
- Poland (35.8 tons)
- Chile (29.5 tons)
- Germany (25.8 tons)
- Portugal (6.5 tons)
- Egypt (4.7 tons)
- Australia (4.0 tons)
- Canada (3.6 tons)
- Taiwan (Chinese) (3.5 tons)
- South Korea (3.5 tons)
- France (1.5 tons)
- Finland (0.1 tons)
Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in the UK
In 2022, approx. 86 tons of articles of precious metal or of metal clad with precious metal were imported into the UK; with an increase of 4.7% compared with 2021 figures. Overall, imports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. As a result, imports attained the peak of 139 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of articles of precious metal or of metal clad with precious metal declined modestly to $31M in 2022. In general, imports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 5.8% against the previous year. As a result, imports attained the peak of $42M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Articles of Precious Metal or of Metal Clad with Precious Metal in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.6 | 21.5 | 23.9 | 19.8 | 6.1% |
| Germany | 0.4 | 2.0 | 4.1 | 4.2 | 119.0% |
| France | 3.1 | 0.1 | 0.8 | 1.0 | -31.4% |
| China | 0.1 | 0.1 | 0.3 | 0.6 | 81.7% |
| Ireland | N/A | 0.1 | 0.2 | 0.4 | 100.0% |
| Malaysia | N/A | N/A | N/A | 0.1 | 0% |
| Belgium | 2.7 | 13.8 | 0.1 | N/A | -80.8% |
| Finland | 15.2 | 3.3 | N/A | N/A | -78.3% |
| Hungary | 0.6 | 0.4 | 0.1 | N/A | -59.2% |
| Others | 1.1 | 0.9 | 2.1 | 4.4 | 58.7% |
| Total | 39.8 | 42.1 | 31.7 | 30.6 | -8.4% |
Top Suppliers of Articles of Precious Metal or of Metal Clad with Precious Metal to the UK in 2022:
- Germany (49.4 tons)
- United States (10.7 tons)
- Ireland (7.1 tons)
- China (6.6 tons)
- France (3.3 tons)
- Malaysia (2.5 tons)
- Hungary (0.4 tons)
- Belgium (0.2 tons)
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