Silver Jewelry Price in Germany - 2023
Contents:
- Silver Jewelry Price in Germany (FOB) - 2023
- Silver Jewelry Price in Germany (CIF) - 2023
- Silver Jewelry Exports in Germany
- Silver Jewelry Imports in Germany
Silver Jewelry Price in Germany (FOB) - 2023
The average silver jewelry export price stood at $2.9M per ton in June 2023, reducing by -7.6% against the previous month. Overall, the export price saw a slight decrease. The most prominent rate of growth was recorded in October 2022 an increase of 13% month-to-month. As a result, the export price attained the peak level of $3,850 per kg; afterwards, it flattened through to June 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Ireland ($4.6M per ton), while the average price for exports to Poland ($1.5M per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Jewelry Price in Germany (CIF) - 2023
In June 2023, the average silver jewelry import price amounted to $1.9M per ton, waning by -4% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in November 2022 an increase of 11% against the previous month. As a result, import price reached the peak level of $2,107 per kg; afterwards, it flattened through to June 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($3.5M per ton), while the price for China ($1.2M per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by India (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Jewelry Exports in Germany
In 2022, after two years of decline, there was significant growth in shipments abroad of silver jewelry, when their volume increased by 15% to 275 tons. Over the period under review, exports, however, recorded a pronounced shrinkage.
In value terms, silver jewelry exports stood at $927M in 2022. In general, exports, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 7.1%.
| Export of Silver Jewelry in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 180 | 73.5 | 238 | 259 | 12.9% |
| Spain | 71.6 | 51.2 | 95.4 | 101 | 12.2% |
| France | 100 | 84.7 | 96.8 | 94.4 | -1.9% |
| Belgium | 34.6 | 31.0 | 32.7 | 48.3 | 11.8% |
| United States | 15.5 | 18.4 | 40.8 | 45.2 | 42.9% |
| Switzerland | 37.4 | 35.2 | 36.6 | 44.1 | 5.6% |
| United Kingdom | 297 | 301 | 78.2 | 43.9 | -47.1% |
| Poland | 35.9 | 34.4 | 29.6 | 29.9 | -5.9% |
| Austria | 23.9 | 18.7 | 23.6 | 25.0 | 1.5% |
| Netherlands | 10.6 | 8.7 | 15.3 | 18.4 | 20.2% |
| United Arab Emirates | 0.3 | 0.2 | 0.2 | 13.1 | 252.1% |
| Turkey | 8.7 | 8.8 | 7.7 | 12.9 | 14.0% |
| Thailand | 6.9 | 10.6 | 9.0 | 11.6 | 18.9% |
| Others | 191 | 146 | 178 | 180 | -2.0% |
| Total | 1,014 | 822 | 881 | 927 | -2.9% |
Top Export Markets for Silver Jewelry from Germany in 2022:
- Italy (48.1 tons)
- Spain (28.9 tons)
- France (27.3 tons)
- United Arab Emirates (24.4 tons)
- Belgium (21.1 tons)
- United Kingdom (16.7 tons)
- Poland (10.4 tons)
- Switzerland (9.8 tons)
- Austria (8.6 tons)
- United States (8.5 tons)
- Thailand (7.7 tons)
- Turkey (5.2 tons)
- Netherlands (5.1 tons)
Silver Jewelry Imports in Germany
In 2022, after two years of decline, there was significant growth in purchases abroad of silver jewelry, when their volume increased by 11% to 357 tons. Overall, imports, however, saw a perceptible decline.
In value terms, silver jewelry imports rose remarkably to $692M in 2022. In general, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Silver Jewelry in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 504 | 499 | 421 | 482 | -1.5% |
| China | 62.0 | 53.7 | 64.7 | 82.2 | 9.9% |
| India | 20.2 | 19.8 | 29.6 | 31.2 | 15.6% |
| Italy | 18.3 | 19.0 | 20.8 | 19.8 | 2.7% |
| Hong Kong SAR | 11.1 | 9.8 | 12.0 | 15.6 | 12.0% |
| Indonesia | 8.4 | 8.6 | 10.3 | 12.3 | 13.6% |
| Turkey | 7.1 | 10.5 | 10.9 | 10.8 | 15.0% |
| Others | 46.0 | 50.4 | 57.9 | 38.7 | -5.6% |
| Total | 677 | 671 | 627 | 692 | 0.7% |
Top Suppliers of Silver Jewelry to Germany in 2022:
- Thailand (250.6 tons)
- China (49.8 tons)
- India (15.9 tons)
- Italy (10.6 tons)
- Hong Kong SAR (7.5 tons)
- Turkey (5.6 tons)
- Indonesia (4.3 tons)
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