Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Sri Lanka - 2022

Contents:

  1. Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Sri Lanka (CIF) - 2022
  2. Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Sri Lanka (FOB) - 2022
  3. Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Sri Lanka
  4. Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Sri Lanka

Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Sri Lanka (CIF) - 2022

The average import price for articles of precious metal or of metal clad with precious metal stood at $34,709 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.6% 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 articles of precious metal or of metal clad with precious metal decreased by -11.4% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 56%. Over the period under review, average import prices attained the peak figure at $49,959 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($210,815 per ton), while the price for the United States ($3,111 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Sri Lanka (FOB) - 2022

The average export price for articles of precious metal or of metal clad with precious metal stood at $122,169 per ton in 2022, with a decrease of -41% against the previous year. Overall, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when the average export price increased by 26% against the previous year. The export price peaked at $549,026 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($379,600 per ton), while the average price for exports to Australia ($66,208 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 Thailand (-1.9%), while the prices for the other major destinations experienced a decline.

Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Sri Lanka

In 2022, approx. 929 kg of articles of precious metal or of metal clad with precious metal were imported into Sri Lanka; which is down by -25.3% compared with the previous year's figure. Overall, imports saw a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 73% against the previous year.

In value terms, imports of articles of precious metal or of metal clad with precious metal contracted significantly to $32K in 2022. Over the period under review, imports saw a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 53% against the previous year.

Import of Articles of Precious Metal or of Metal Clad with Precious Metal in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India0.10.2N/A24.2523.2%
Australia0.50.30.95.7125.1%
GermanyN/A0.1N/A2.3379.6%
United States0.40.1N/A0.1-37.0%
China0.1N/A0.1N/A0.0%
Japan20.112.012.1N/A-22.4%
Singapore22.614.026.8N/A8.9%
Taiwan (Chinese)0.50.30.4N/A-10.6%
Others4.71.12.6N/A-25.6%
Total48.928.143.032.2-13.0%

Top Suppliers of Articles of Precious Metal or of Metal Clad with Precious Metal to Sri Lanka in 2022:

  1. India (792.0 kg)
  2. Germany (71.0 kg)
  3. United States (36.0 kg)
  4. Australia (27.0 kg)
  5. China (3.0 kg)

Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Sri Lanka

In 2022, exports of articles of precious metal or of metal clad with precious metal from Sri Lanka surged to 71 kg, jumping by 39% on 2021. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 50% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, exports of articles of precious metal or of metal clad with precious metal declined sharply to $8.7K in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 65%.

Export of Articles of Precious Metal or of Metal Clad with Precious Metal in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia0.50.80.53.285.7%
Japan1.53.24.61.98.2%
Singapore1.30.11.61.42.5%
Thailand0.61.52.71.329.4%
United States0.20.61.00.314.5%
OthersN/A0.60.10.60.0%
Total4.16.810.68.728.5%

Top Export Markets for Articles of Precious Metal or of Metal Clad with Precious Metal from Sri Lanka in 2022:

  1. Australia (48.0 kg)
  2. Singapore (6.0 kg)
  3. Thailand (6.0 kg)
  4. Japan (5.0 kg)
  5. United States (2.0 kg)

Source: IndexBox Market Intelligence Platform

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