Silver Jewelry Price in Ethiopia - 2022
Contents:
- Silver Jewelry Price in Ethiopia (CIF) - 2022
- Silver Jewelry Price in Ethiopia (FOB) - 2022
- Silver Jewelry Imports in Ethiopia
- Silver Jewelry Exports in Ethiopia
Silver Jewelry Price in Ethiopia (CIF) - 2022
In 2022, the average silver jewelry import price amounted to $1,011,583 per ton, rising by 12% against the previous year. In general, the import price saw a remarkable increase. The most prominent rate of growth was recorded in 2014 an increase of 82% 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 Arab Emirates ($3,424,029 per ton), while the price for China ($27,022 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+9.6%), while the prices for the other major suppliers experienced a decline.
Silver Jewelry Price in Ethiopia (FOB) - 2022
The average silver jewelry export price stood at $114,538 per ton in 2022, waning by -6.9% against the previous year. Overall, the export price continues to indicate a precipitous descent. The pace of growth appeared the most rapid in 2017 when the average export price increased by 21%. Over the period under review, the average export prices hit record highs at $1,560,368 per ton in 2012; however, from 2013 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 Netherlands ($439,000 per ton), while the average price for exports to Canada ($2,000 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 Ireland (+123.6%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Jewelry Imports in Ethiopia
In 2022, supplies from abroad of silver jewelry was finally on the rise to reach 2.2 tons after two years of decline. Over the period under review, imports, however, showed a sharp curtailment.
In value terms, silver jewelry imports surged to $2.2M in 2022. Overall, imports, however, continue to indicate a dramatic curtailment.
| Import of Silver Jewelry in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 4,424 | 982 | 869 | 945 | -40.2% |
| United Kingdom | 1,472 | 686 | 583 | 635 | -24.4% |
| Turkey | 21.5 | 9.8 | 9.5 | 8.6 | -26.3% |
| Thailand | 64.0 | 0.8 | 1.3 | 5.9 | -54.8% |
| China | 1.6 | 20.4 | 28.4 | 1.2 | -9.1% |
| Others | 9.4 | 3.8 | 2.9 | 614 | 302.7% |
| Total | 5,993 | 1,703 | 1,494 | 2,210 | -28.3% |
Top Suppliers of Silver Jewelry to Ethiopia in 2022:
- United Kingdom (1480.0 kg)
- United Arab Emirates (276.0 kg)
- Turkey (132.0 kg)
- Thailand (85.0 kg)
- China (46.0 kg)
Silver Jewelry Exports in Ethiopia
After three years of growth, overseas shipments of silver jewelry decreased by -3.7% to 26 kg in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 93% against the previous year. As a result, the exports attained the peak of 27 kg, and then declined modestly in the following year.
In value terms, silver jewelry exports shrank to $3K in 2022. Over the period under review, exports continue to indicate a drastic downturn. The smallest decline of -3% was in 2020.
| Export of Silver Jewelry in Ethiopia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.0 | 1.0 | 645 | 810 | 366.1% |
| Netherlands | 68.0 | 186 | 633 | 439 | 86.2% |
| Australia | 472 | 652 | 562 | 435 | -2.7% |
| Israel | 113 | 192 | 253 | 160 | 12.3% |
| Germany | 20.0 | 154 | 141 | 113 | 78.1% |
| Kenya | 71.0 | 115 | 131 | 86.0 | 6.6% |
| France | 245 | 237 | 101 | 36.0 | -47.2% |
| Sweden | 18.0 | 25.0 | 29.0 | 31.0 | 19.9% |
| Portugal | N/A | N/A | N/A | 23.0 | 0% |
| Switzerland | 446 | 42.0 | 38.0 | 22.0 | -63.3% |
| South Africa | 8.0 | 7.0 | 3.0 | 5.0 | -14.5% |
| Ireland | N/A | 1.0 | N/A | 5.0 | 123.6% |
| Canada | 47.0 | 13.0 | 7.0 | 2.0 | -65.1% |
| Others | 2,015 | 1,801 | 778 | 811 | -26.2% |
| Total | 3,531 | 3,426 | 3,321 | 2,978 | -5.5% |
Top Export Markets for Silver Jewelry from Ethiopia in 2022:
- Israel (3.0 kg)
- United States (2.0 kg)
- Kenya (2.0 kg)
- Canada (1.0 kg)
- Australia (1.0 kg)
- Portugal (1.0 kg)
- South Africa (1.0 kg)
- France (1.0 kg)
- Sweden (1.0 kg)
- Netherlands (1.0 kg)
- Germany (1.0 kg)
- Ireland (1.0 kg)
- Switzerland (1.0 kg)
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