Silver Jewelry Price in Bahrain - 2022
Contents:
- Silver Jewelry Price in Bahrain (CIF) - 2022
- Silver Jewelry Price in Bahrain (FOB) - 2022
- Silver Jewelry Imports in Bahrain
- Silver Jewelry Exports in Bahrain
Silver Jewelry Price in Bahrain (CIF) - 2022
The average silver jewelry import price stood at $1,182,921 per ton in 2022, rising by 26% against the previous year. Over the period under review, the import price recorded a remarkable increase. The growth pace was the most rapid in 2020 an increase of 318% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1,403,571 per ton), while the price for China ($239,623 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Jewelry Price in Bahrain (FOB) - 2022
In 2022, the average silver jewelry export price amounted to $60,543,325 per ton, remaining stable against the previous year. Overall, the export price, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2020 an increase of 3,403% against the previous year. The export price peaked at $446,149,000 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 Qatar ($6,136,000 per ton), while the average price for exports to Saudi Arabia ($59,000 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 Australia (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Jewelry Imports in Bahrain
In 2022, the amount of silver jewelry imported into Bahrain contracted markedly to 1.6 tons, with a decrease of -28.1% against the previous year's figure. Over the period under review, imports saw a precipitous decline. The growth pace was the most rapid in 2021 when imports increased by 29%.
In value terms, silver jewelry imports shrank to $1.9M in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 89%. As a result, imports reached the peak of $2.1M, and then dropped in the following year.
| Import of Silver Jewelry in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 516 | 229 | 677 | 968 | 23.3% |
| Thailand | 291 | 74.7 | 121 | 204 | -11.2% |
| United States | 155 | 87.2 | 192 | 145 | -2.2% |
| India | 45.1 | 33.7 | 59.4 | 103 | 31.7% |
| France | 48.5 | 49.2 | 63.2 | 82.9 | 19.6% |
| Germany | 26.8 | 15.9 | 3.8 | 68.7 | 36.9% |
| China | 144 | 75.4 | 68.1 | 66.1 | -22.9% |
| Hong Kong SAR | 16.9 | 6.0 | 17.6 | 53.6 | 46.9% |
| United Arab Emirates | 397 | 442 | 728 | 25.6 | -59.9% |
| Turkey | 51.2 | 40.5 | 47.7 | 12.2 | -38.0% |
| Switzerland | 106 | 21.8 | 3.0 | 5.0 | -63.9% |
| Others | 67.0 | 31.0 | 114 | 156 | 32.5% |
| Total | 1,865 | 1,107 | 2,094 | 1,890 | 0.4% |
Top Suppliers of Silver Jewelry to Bahrain in 2022:
- Italy (690.0 kg)
- China (276.0 kg)
- Thailand (194.0 kg)
- Germany (151.0 kg)
- Hong Kong SAR (137.0 kg)
- India (136.0 kg)
- France (96.0 kg)
- Turkey (51.0 kg)
- United Arab Emirates (27.0 kg)
- United States (26.0 kg)
- Switzerland (5.0 kg)
Silver Jewelry Exports in Bahrain
In 2022, after two years of decline, there was significant decline in shipments abroad of silver jewelry, when their volume decreased by -50% to 1 kg. Over the period under review, exports faced a dramatic downturn.
In value terms, silver jewelry exports contracted markedly to $16K in 2022. In general, exports saw a dramatic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 1.5%.
| Export of Silver Jewelry in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | N/A | N/A | N/A | 6.1 | 0% |
| United Arab Emirates | 38.2 | 17.0 | 61.6 | 4.4 | -51.3% |
| United States | 1.7 | 3.5 | 1.3 | 3.4 | 26.0% |
| Kuwait | N/A | 5.8 | 1.8 | 1.1 | -56.5% |
| Italy | N/A | 0.4 | N/A | 0.7 | 32.3% |
| Australia | N/A | N/A | 2.4 | 0.3 | -87.5% |
| Saudi Arabia | N/A | 9.4 | 25.7 | 0.1 | -89.7% |
| Spain | 112 | 41.2 | 1.1 | 0.1 | -90.4% |
| Oman | N/A | 5.8 | 1.6 | N/A | -72.4% |
| Others | N/A | 11.7 | 0.8 | N/A | -93.2% |
| Total | 152 | 94.8 | 96.2 | 16.2 | -52.6% |
Top Export Markets for Silver Jewelry from Bahrain in 2022:
- United Arab Emirates (3.0 kg)
- United States (3.0 kg)
- Saudi Arabia (1.0 kg)
- Australia (1.0 kg)
- Italy (1.0 kg)
- Qatar (1.0 kg)
- Kuwait (1.0 kg)
- Spain (1.0 kg)
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