Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Myanmar - 2022
Contents:
- Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Myanmar (FOB) - 2022
- Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Myanmar (CIF) - 2022
- Exports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Myanmar
- Imports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Myanmar
Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Myanmar (FOB) - 2022
The average export price for statuettes and other ornaments; of base metal plated with precious metals stood at $2,900 per ton in 2022, shrinking by -62.9% against the previous year. Overall, the export price faced a dramatic downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 23%. The export price peaked at $9,490 per ton in 2018; however, from 2019 to 2022, the export prices remained at a 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 Bangladesh ($8,006 per ton), while the average price for exports to Australia ($830 per ton) was amongst the lowest.
From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+56.8%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Myanmar (CIF) - 2022
The average import price for statuettes and other ornaments; of base metal plated with precious metals stood at $27,303 per ton in 2022, with an increase of 2.9% against the previous year. In general, the import price enjoyed a strong increase. The pace of growth was the most pronounced in 2018 an increase of 28% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2013 to 2022, the rate of growth in terms of prices for India amounted to +11.5% per year.
Exports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Myanmar
In 2022, exports of statuettes and other ornaments; of base metal plated with precious metals from Myanmar surged to 4.5 tons, jumping by 230% compared with the previous year. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of statuettes and other ornaments; of base metal plated with precious metals surged to $13K in 2022. Over the period under review, total exports indicated a significant expansion from 2020 to 2022: its value increased at an average annual rate of +30.8% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 40% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the near future.
| Export of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Bangladesh | 4.3 | 3.8 | 10.1 | 53.3% | |
| Australia | N/A | N/A | 2.4 | 0% | |
| China | N/A | N/A | 0.3 | 0% | |
| Japan | N/A | 5.8 | N/A | 0% | |
| India | 1.0 | 0.3 | N/A | -70.0% | |
| Others | 2.3 | 0.7 | 0.2 | -70.5% | |
| Total | 7.6 | 10.6 | 13.0 | 30.8% | |
Top Export Markets for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal from Myanmar in 2022:
- Australia (2.9 tons)
- Bangladesh (1.3 tons)
- China (0.3 tons)
Imports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Myanmar
For the third year in a row, Myanmar recorded decline in overseas purchases of statuettes and other ornaments; of base metal plated with precious metals, which decreased by -74.4% to 33 kg in 2022. Overall, imports saw a precipitous shrinkage. The smallest decline of -46.9% was in 2021.
In value terms, imports of statuettes and other ornaments; of base metal plated with precious metals fell remarkably to $901 in 2022. In general, imports recorded a significant curtailment. The smallest decline of -40.6% was in 2021.
| Import of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.8 | 0.5 | 0.3 | 0.9 | 4.0% |
| Thailand | 13.7 | 0.4 | 1.6 | N/A | -65.8% |
| Malaysia | 6.3 | 2.1 | 0.8 | N/A | -64.4% |
| India | 12.9 | 0.6 | 0.4 | N/A | -82.4% |
| Singapore | 0.1 | 2.1 | 0.3 | N/A | 73.2% |
| Others | 2.9 | N/A | N/A | N/A | 0% |
| Total | 36.5 | 5.8 | 3.4 | 0.9 | -70.9% |
Top Suppliers of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal to Myanmar in 2022:
- China (33.0 kg)
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