Silver Jewelry Price in Austria - 2023
Contents:
- Silver Jewelry Price in Austria (CIF) - 2022
- Silver Jewelry Price in Austria (FOB) - 2022
- Silver Jewelry Imports in Austria
- Silver Jewelry Exports in Austria
Silver Jewelry Price in Austria (CIF) - 2022
In 2022, the average silver jewelry import price amounted to $2,286,681 per ton, falling by -37.8% against the previous year. Overall, the import price saw a pronounced decline. The pace of growth was the most pronounced in 2016 an increase of 26% against the previous year. Over the period under review, average import prices reached the maximum at $4,092,594 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
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 ($6,147,474 per ton), while the price for Poland ($532,685 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Jewelry Price in Austria (FOB) - 2022
The average silver jewelry export price stood at $5,071,257 per ton in 2022, rising by 15% against the previous year. Over the last decade, it increased at an average annual rate of +4.4%. The pace of growth was the most pronounced in 2018 when the average export price increased by 17%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($10,146,000 per ton), while the average price for exports to Slovakia ($2,259,634 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 Hungary (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Jewelry Imports in Austria
In 2022, the amount of silver jewelry imported into Austria surged to 20 tons, picking up by 41% compared with the year before. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +8.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, silver jewelry imports declined to $46M in 2022. In general, imports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 15%.
| Import of Silver Jewelry in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 19.7 | 16.8 | 14.1 | 27.9 | 12.3% |
| China | 10.4 | 7.9 | 10.4 | 4.8 | -22.7% |
| Italy | 4.6 | 2.1 | 5.5 | 3.4 | -9.6% |
| Thailand | 11.7 | 8.3 | 13.8 | 2.6 | -39.4% |
| Poland | 0.3 | 0.1 | 0.1 | 2.0 | 88.2% |
| India | 2.8 | 2.5 | 2.5 | 0.7 | -37.0% |
| Czech Republic | N/A | N/A | N/A | 0.4 | 0% |
| Others | 8.5 | 8.3 | 6.4 | 4.4 | -19.7% |
| Total | 58.0 | 45.9 | 52.8 | 46.2 | -7.3% |
Top Suppliers of Silver Jewelry to Austria in 2022:
- Germany (12.8 tons)
- Poland (3.8 tons)
- China (1.1 tons)
- Italy (0.5 tons)
- Thailand (0.4 tons)
- Czech Republic (0.3 tons)
- India (0.1 tons)
Silver Jewelry Exports in Austria
Silver jewelry exports from Austria rose slightly to 3.1 tons in 2022, growing by 1.6% compared with the previous year's figure. Overall, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 6.3%. As a result, the exports attained the peak of 4 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, silver jewelry exports soared to $16M in 2022. In general, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Silver Jewelry in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 8.2 | 8.5 | 8.3 | 11.5 | 11.9% |
| Switzerland | 1.4 | 1.5 | 1.8 | 1.6 | 4.6% |
| United Kingdom | 2.3 | 2.1 | 0.1 | 0.5 | -39.9% |
| Italy | 0.6 | 0.6 | 0.4 | 0.4 | -12.6% |
| Slovakia | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Czech Republic | 0.2 | 0.5 | 0.2 | 0.1 | -20.6% |
| Hong Kong SAR | 1.2 | 0.6 | 0.2 | 0.1 | -56.3% |
| Others | 1.7 | 1.7 | 2.4 | 1.2 | -11.0% |
| Total | 15.6 | 15.6 | 13.4 | 15.6 | 0.0% |
Top Export Markets for Silver Jewelry from Austria in 2022:
- Germany (2223.0 kg)
- Switzerland (224.0 kg)
- Italy (140.0 kg)
- Slovakia (134.0 kg)
- Czech Republic (52.0 kg)
- United Kingdom (45.0 kg)
- Hong Kong SAR (5.0 kg)
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