Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Hong Kong SAR - 2023
Contents:
- Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Hong Kong SAR (FOB) - 2022
- Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Hong Kong SAR (CIF) - 2022
- Exports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Hong Kong SAR
- Imports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Hong Kong SAR
Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for statuettes and other ornaments; of base metal plated with precious metals amounted to $47,523 per ton, jumping by 43% against the previous year. Over the period under review, the export price enjoyed strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
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 Austria ($255,151 per ton), while the average price for exports to Denmark ($16,256 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 Australia (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for statuettes and other ornaments; of base metal plated with precious metals amounted to $45,451 per ton, with an increase of 11% against the previous year. In general, the import price saw a strong increase. The growth pace was the most rapid in 2016 an increase of 850% against the previous year. The import price peaked at $188,165 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +19.7% per year.
Exports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in shipments abroad of statuettes and other ornaments; of base metal plated with precious metals, which decreased by -21.4% to 80 tons in 2022. In general, exports continue to indicate a abrupt decline. The smallest decline of -5.8% was in 2021.
In value terms, exports of statuettes and other ornaments; of base metal plated with precious metals rose remarkably to $3.8M in 2022. The total export value increased at an average annual rate of +2.6% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 427 | 207 | 414 | 1,538 | 53.3% |
| United States | 1,199 | 1,007 | 1,559 | 743 | -14.7% |
| Netherlands | 285 | 227 | 131 | 308 | 2.6% |
| United Kingdom | 412 | 171 | 428 | 284 | -11.7% |
| Sweden | 209 | 125 | 104 | 154 | -9.7% |
| Denmark | 87.0 | 162 | 22.0 | 107 | 7.1% |
| Australia | 63.0 | 107 | 61.7 | 93.6 | 14.1% |
| Canada | 140 | 111 | 159 | 93.1 | -12.7% |
| Germany | 220 | 130 | 146 | 91.0 | -25.5% |
| Norway | 133 | 89.0 | 59.5 | 48.2 | -28.7% |
| China | 53.5 | 987 | 19.6 | 26.0 | -21.4% |
| Finland | 84.7 | 54.8 | 52.4 | 2.1 | -70.8% |
| Others | 216 | 152 | 242 | 325 | 14.6% |
| Total | 3,529 | 3,529 | 3,398 | 3,813 | 2.6% |
Top Export Markets for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal from Hong Kong SAR in 2022:
- United States (19.3 tons)
- Netherlands (17.4 tons)
- United Kingdom (11.6 tons)
- Denmark (6.6 tons)
- Sweden (6.5 tons)
- Austria (6.0 tons)
- Norway (2.8 tons)
- Australia (1.9 tons)
- Canada (1.8 tons)
- Germany (1.5 tons)
- China (0.6 tons)
- Finland (0.1 tons)
Imports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Hong Kong SAR
After three years of growth, purchases abroad of statuettes and other ornaments; of base metal plated with precious metals decreased by -38.3% to 35 tons in 2022. Over the period under review, imports saw a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 17%.
In value terms, imports of statuettes and other ornaments; of base metal plated with precious metals reduced rapidly to $1.6M in 2022. Overall, imports showed a sharp decline. The growth pace was the most rapid in 2020 with an increase of 139% against the previous year. As a result, imports attained the peak of $9.4M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.5 | 1.8 | 2.3 | 1.6 | 2.2% |
| Russia | 2.2 | 7.4 | N/A | N/A | 236.4% |
| Others | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| Total | 3.9 | 9.4 | 2.3 | 1.6 | -25.7% |
Top Suppliers of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal to Hong Kong SAR in 2022:
- China (35.2 tons)
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