Price for Non-Silver Precious Metal Jewelry in the Dominican Republic - 2023
Contents:
- Price for Non-Silver Precious Metal Jewelry in the Dominican Republic (CIF) - 2022
- Price for Non-Silver Precious Metal Jewelry in the Dominican Republic (FOB) - 2023
- Imports of Non-Silver Precious Metal Jewelry in the Dominican Republic
- Exports of Non-Silver Precious Metal Jewelry in the Dominican Republic
Price for Non-Silver Precious Metal Jewelry in the Dominican Republic (CIF) - 2022
In 2022, the average non-silver precious metal jewelry import price amounted to $11,428,698 per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt descent. Over the period under review, average import prices hit record highs at $41,253,017 per ton in 2013; however, from 2014 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 Italy ($32,249,764 per ton), while the price for the United States totaled $9,956,078 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-2.2%).
Price for Non-Silver Precious Metal Jewelry in the Dominican Republic (FOB) - 2023
The average non-silver precious metal jewelry export price stood at $36.1M per ton in March 2023, shrinking by -2.2% against the previous month. Over the period under review, the export price recorded a deep downturn. As a result, the export price reached the peak level of $40,515 per kg; afterwards, it flattened through to March 2023.
As there is only one major export destination, the average price level is determined by prices for the United States.
From January 2023 to March 2023, the rate of growth in terms of prices for the United States amounted to -5.8% per month.
Imports of Non-Silver Precious Metal Jewelry in the Dominican Republic
In 2022, after three years of growth, there was significant decline in overseas purchases of non-silver precious metal jewelry, when their volume decreased by -7.9% to 47 tons. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +15.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.6% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 39%.
In value terms, non-silver precious metal jewelry imports declined to $533M in 2022. The total import value increased at an average annual rate of +9.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 22%.
| Import of Non-Silver Precious Metal Jewelry in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 316 | 405 | 459 | 428 | 10.6% |
| Italy | 87.0 | 85.7 | 107 | 100 | 4.8% |
| Others | 2.7 | 4.7 | 5.4 | 5.0 | 22.8% |
| Total | 405 | 495 | 572 | 533 | 9.6% |
Top Suppliers of Non-Silver Precious Metal Jewelry to the Dominican Republic in 2022:
- United States (43.0 tons)
- Italy (3.1 tons)
Exports of Non-Silver Precious Metal Jewelry in the Dominican Republic
In 2022, shipments abroad of non-silver precious metal jewelry decreased by -18.7% to 29 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 60% against the previous year. As a result, the exports reached the peak of 35 tons, and then dropped remarkably in the following year.
In value terms, non-silver precious metal jewelry exports shrank notably to $283M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +8.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 70% against the previous year. As a result, the exports reached the peak of $356M, and then plummeted in the following year.
| Export of Non-Silver Precious Metal Jewelry in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 218 | 209 | 355 | 282 | 9.0% |
| Others | 0.3 | 0.4 | 0.3 | 0.2 | -12.6% |
| Total | 219 | 209 | 356 | 283 | 8.9% |
Top Export Markets for Non-Silver Precious Metal Jewelry from the Dominican Republic in 2022:
- United States (28.8 tons)
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