Price for Non-Silver Precious Metal Jewelry in Azerbaijan - 2023
Contents:
- Price for Non-Silver Precious Metal Jewelry in Azerbaijan (CIF) - 2022
- Price for Non-Silver Precious Metal Jewelry in Azerbaijan (FOB) - 2022
- Imports of Non-Silver Precious Metal Jewelry in Azerbaijan
- Exports of Non-Silver Precious Metal Jewelry in Azerbaijan
Price for Non-Silver Precious Metal Jewelry in Azerbaijan (CIF) - 2022
The average non-silver precious metal jewelry import price stood at $159,718,811 per ton in 2022, increasing by 11% against the previous year. Over the period under review, the import price recorded a prominent expansion. The growth pace was the most rapid in 2016 when the average import price increased by 80% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.
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 United States ($468,719,667 per ton), while the price for the United Arab Emirates ($4,739,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+29.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Silver Precious Metal Jewelry in Azerbaijan (FOB) - 2022
The average non-silver precious metal jewelry export price stood at $56,248,917 per ton in 2022, which is down by -45.4% against the previous year. In general, the export price, however, showed strong growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 34,544%. The export price peaked at $130,481,667 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($144,839,000 per ton), while the average price for exports to Belgium ($6,288,000 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 Kyrgyzstan (+974.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Silver Precious Metal Jewelry in Azerbaijan
In 2022, non-silver precious metal jewelry imports into Azerbaijan surged to 148 kg, increasing by 24% against 2021 figures. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +9.4% 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 +55.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 25%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, non-silver precious metal jewelry imports surged to $24M in 2022. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 78%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Non-Silver Precious Metal Jewelry in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 4.5 | 5.0 | 9.1 | 13.5 | 44.2% |
| Switzerland | 1.1 | 1.3 | 2.4 | 2.9 | 38.1% |
| United States | 0.9 | 0.7 | 1.0 | 1.4 | 15.9% |
| Germany | N/A | 0.2 | 0.6 | 1.2 | 144.9% |
| France | 0.8 | 0.6 | 0.7 | 1.1 | 11.2% |
| Thailand | 0.2 | 0.2 | 0.6 | 0.6 | 44.2% |
| Spain | 0.2 | N/A | 0.3 | 0.5 | 35.7% |
| Turkey | 0.1 | 0.1 | 0.5 | 0.4 | 58.7% |
| United Arab Emirates | 3.3 | 0.6 | 0.2 | N/A | -75.4% |
| Others | 1.2 | 1.0 | 1.8 | 1.9 | 16.6% |
| Total | 12.4 | 9.6 | 17.1 | 23.6 | 23.9% |
Top Suppliers of Non-Silver Precious Metal Jewelry to Azerbaijan in 2022:
- Italy (77.0 kg)
- Switzerland (16.0 kg)
- Thailand (11.0 kg)
- Turkey (10.0 kg)
- Spain (9.0 kg)
- Germany (5.0 kg)
- France (4.0 kg)
- United States (3.0 kg)
- United Arab Emirates (1.0 kg)
Exports of Non-Silver Precious Metal Jewelry in Azerbaijan
In 2022, approx. 12 kg of non-silver precious metal jewelry were exported from Azerbaijan; increasing by 50% on the year before. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 300% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, non-silver precious metal jewelry exports fell markedly to $675K in 2022. Overall, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 269% against the previous year. As a result, the exports attained the peak of $825K, and then fell sharply in the following year.
| Export of Non-Silver Precious Metal Jewelry in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | 2.9 | N/A | 332 | 970.0% |
| United Kingdom | 197 | N/A | N/A | 145 | -9.7% |
| Italy | N/A | N/A | 46.3 | 135 | 191.6% |
| Switzerland | 191 | 220 | 600 | 43.8 | -38.8% |
| Spain | N/A | N/A | N/A | 12.7 | 0% |
| Belgium | N/A | N/A | N/A | 6.3 | 0% |
| Russia | N/A | N/A | 161 | N/A | 0% |
| Thailand | N/A | N/A | 11.0 | N/A | 0% |
| Germany | N/A | N/A | 3.1 | N/A | 0% |
| France | 3.2 | N/A | N/A | N/A | 0% |
| Turkey | N/A | N/A | 3.3 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 391 | 223 | 825 | 675 | 20.0% |
Top Export Markets for Non-Silver Precious Metal Jewelry from Azerbaijan in 2022:
- United Arab Emirates (7.0 kg)
- Italy (1.0 kg)
- United Kingdom (1.0 kg)
- Belgium (1.0 kg)
- Switzerland (1.0 kg)
- Spain (1.0 kg)
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