Silver Jewelry Price in Ireland - 2023
Contents:
- Silver Jewelry Price in Ireland (CIF) - 2022
- Silver Jewelry Price in Ireland (FOB) - 2023
- Silver Jewelry Imports in Ireland
- Silver Jewelry Exports in Ireland
Silver Jewelry Price in Ireland (CIF) - 2022
In 2022, the average silver jewelry import price amounted to $505,979 per ton, surging by 5.7% against the previous year. Overall, the import price showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 162% 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 immediate term.
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 Italy ($4,967,312 per ton), while the price for Mexico ($132,331 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+47.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Jewelry Price in Ireland (FOB) - 2023
The average silver jewelry export price stood at $1.0M per ton in June 2023, increasing by 8.6% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 121% against the previous month. As a result, the export price reached the peak level of $1.3M per ton; afterwards, it flattened through to June 2023.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Australia ($1.3M per ton), while the average price for exports to Germany ($267K 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 the UK (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Jewelry Imports in Ireland
In 2022, supplies from abroad of silver jewelry increased by 2.5% to 87 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a dramatic decrease.
In value terms, silver jewelry imports rose rapidly to $44M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.7% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 41%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Silver Jewelry in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 12.3 | 8.3 | N/A | 15.4 | 7.8% |
| Italy | 2.3 | 6.8 | N/A | 7.4 | 47.6% |
| United Kingdom | 2.8 | 2.5 | N/A | 5.8 | 27.5% |
| China | 3.6 | 3.2 | N/A | 4.7 | 9.3% |
| Switzerland | N/A | N/A | N/A | 2.3 | 0% |
| India | 0.2 | 0.3 | N/A | 2.2 | 122.4% |
| Mexico | N/A | N/A | N/A | 0.3 | 0% |
| Others | 4.1 | 7.8 | 40.7 | 6.0 | 13.5% |
| Total | 25.5 | 28.9 | 40.7 | 44.0 | 19.9% |
Top Suppliers of Silver Jewelry to Ireland in 2022:
- China (30.0 tons)
- Thailand (18.8 tons)
- United Kingdom (13.7 tons)
- Switzerland (10.4 tons)
- India (4.6 tons)
- Mexico (2.2 tons)
- Italy (1.5 tons)
Silver Jewelry Exports in Ireland
In 2022, exports of silver jewelry from Ireland rose significantly to 27 tons, with an increase of 10% compared with 2021 figures. The total export volume increased at an average annual rate of +11.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 23%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, silver jewelry exports dropped sharply to $23M in 2022. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 180%.
| Export of Silver Jewelry in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.4 | 4.3 | N/A | 7.5 | 19.5% |
| Italy | 0.1 | 5.2 | N/A | 3.2 | 217.5% |
| United Kingdom | 1.2 | 4.3 | N/A | 1.5 | 7.7% |
| Spain | 0.1 | 1.1 | N/A | 0.9 | 108.0% |
| France | 0.4 | 0.5 | N/A | 0.5 | 7.7% |
| Canada | 0.1 | 0.1 | N/A | 0.3 | 44.2% |
| Germany | 0.1 | 0.5 | N/A | 0.3 | 44.2% |
| Others | 1.4 | 5.7 | 28.4 | 8.8 | 84.6% |
| Total | 7.8 | 21.8 | 28.4 | 23.0 | 43.4% |
Top Export Markets for Silver Jewelry from Ireland in 2022:
- United States (14.2 tons)
- Italy (2.8 tons)
- United Kingdom (2.1 tons)
- France (1.3 tons)
- Germany (1.2 tons)
- Spain (1.1 tons)
- Canada (0.4 tons)
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