Price for Ivory and Articles Thereof; Worked in the UK - 2023

Contents:

1. Price for Ivory and Articles Thereof; Worked in the UK (FOB) - 2022
2. Price for Ivory and Articles Thereof; Worked in the UK (CIF) - 2022
3. Exports of Ivory and Articles Thereof; Worked in the UK
4. Imports of Ivory and Articles Thereof; Worked in the UK

Price for Ivory and Articles Thereof; Worked in the UK (FOB) - 2022

In 2022, the average export price for ivory and articles thereof; worked amounted to $381,185 per ton, picking up by 380% against the previous year. Over the period under review, the export price, however, recorded a mild curtailment. The export price peaked at $478,072 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($648,730 per ton), while the average price for exports to Germany ($81,548 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 Japan (+184.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Ivory and Articles Thereof; Worked in the UK (CIF) - 2022

In 2022, the average import price for ivory and articles thereof; worked amounted to $115,113 per ton, dropping by -98% against the previous year. Overall, the import price, however, continues to indicate a prominent increase. The pace of growth was the most pronounced in 2016 an increase of less than 0.1%. The import price peaked at $5,872,000 per ton in 2021, and then contracted dramatically in the following year.

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 Netherlands ($476,395 per ton), while the price for Germany ($33,980 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+43.8%).

Exports of Ivory and Articles Thereof; Worked in the UK

In 2022, after two years of growth, there was significant decline in overseas shipments of ivory and articles thereof; worked, when their volume decreased by -15% to 1.2 tons. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 5,624%. As a result, the exports attained the peak of 1.4 tons, and then dropped markedly in the following year.

In value terms, ivory and articles thereof; worked exports surged to $463K in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 2,061% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Top Export Markets for Ivory and Articles Thereof; Worked from the UK in 2022:

1. United States (785.0 kg)
2. Germany (381.0 kg)
3. Ireland (19.0 kg)
4. Spain (14.0 kg)

Imports of Ivory and Articles Thereof; Worked in the UK

Ivory and articles thereof; worked imports into the UK soared to 736 kg in 2022, with an increase of 73,500% on 2021. In general, 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, ivory and articles thereof; worked imports surged to $85K in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Ivory and Articles Thereof; Worked to the UK in 2022:

1. India (470.0 kg)
2. United States (130.0 kg)
3. Germany (61.0 kg)
4. China (37.0 kg)
5. Netherlands (24.0 kg)

Source: IndexBox Market Intelligence Platform