Price for Non-Silver Precious Metal Jewelry in Oman - 2021
Contents:
- Price for Non-Silver Precious Metal Jewelry in Oman (CIF) - 2022
- Price for Non-Silver Precious Metal Jewelry in Oman (FOB) - 2022
- Imports of Non-Silver Precious Metal Jewelry in Oman
- Exports of Non-Silver Precious Metal Jewelry in Oman
Price for Non-Silver Precious Metal Jewelry in Oman (CIF) - 2022
The average non-silver precious metal jewelry import price stood at $19,452,627 per ton in 2022, waning by -45.5% against the previous year. In general, the import price recorded a deep slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by 119% against the previous year. As a result, import price reached the peak level of $54,948 per kg. From 2019 to 2022, the average 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 Switzerland ($83,865,000 per ton), while the price for the United Arab Emirates ($35,644,597 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Silver Precious Metal Jewelry in Oman (FOB) - 2022
In 2022, the average non-silver precious metal jewelry export price amounted to $43,482,890 per ton, falling by -3.1% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-silver precious metal jewelry export price increased by +16.0% against 2019 indices. The pace of growth appeared the most rapid in 2016 an increase of 42%. Over the period under review, the average export prices hit record highs at $53,099,408 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($47,404,493 per ton), while the average price for exports to Qatar ($29,950,727 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 the United States (+2.1%), while the prices for the other major destinations experienced a decline.
Imports of Non-Silver Precious Metal Jewelry in Oman
In 2022, non-silver precious metal jewelry imports into Oman skyrocketed to 6.9 tons, jumping by 37% on the year before. Over the period under review, imports saw resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 55% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, non-silver precious metal jewelry imports shrank sharply to $135M in 2022. Overall, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 101%.
| Import of Non-Silver Precious Metal Jewelry in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 127 | 47.8 | 96.3 | 68.4 | -18.6% |
| Ukraine | 42.4 | 36.3 | 42.6 | 36.1 | -5.2% |
| Bahrain | 5.9 | 0.6 | 1.2 | 2.1 | -29.1% |
| India | 4.0 | 0.7 | 0.1 | 1.8 | -23.4% |
| Others | 17.5 | 4.4 | 40.3 | 26.6 | 15.0% |
| Total | 197 | 89.7 | 180 | 135 | -11.8% |
Top Suppliers of Non-Silver Precious Metal Jewelry to Oman in 2022:
- Bahrain (undefined tons)
- India (undefined tons)
- United Arab Emirates (1.9 tons)
- Ukraine (1.0 tons)
Exports of Non-Silver Precious Metal Jewelry in Oman
In 2022, shipments abroad of non-silver precious metal jewelry increased by 19% to 374 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a dramatic setback.
In value terms, non-silver precious metal jewelry exports soared to $16M in 2022. Overall, exports, however, faced a sharp decline.
| Export of Non-Silver Precious Metal Jewelry in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 36.1 | 13.3 | 12.1 | 13.7 | -27.6% |
| United Arab Emirates | 9.5 | 1.2 | 0.9 | 1.3 | -48.5% |
| Qatar | 5.8 | 2.2 | 0.2 | 0.3 | -62.7% |
| Saudi Arabia | 1.2 | 0.4 | 0.2 | 0.2 | -45.0% |
| Others | 4.1 | 1.4 | 0.7 | 0.8 | -42.0% |
| Total | 56.8 | 18.5 | 14.0 | 16.3 | -34.0% |
Top Export Markets for Non-Silver Precious Metal Jewelry from Oman in 2022:
- United States (290.0 kg)
- United Arab Emirates (34.0 kg)
- Qatar (11.0 kg)
- Saudi Arabia (3.0 kg)
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