Silver Jewelry Price in Belgium - 2023
Contents:
- Silver Jewelry Price in Belgium (FOB) - 2022
- Silver Jewelry Price in Belgium (CIF) - 2022
- Silver Jewelry Exports in Belgium
- Silver Jewelry Imports in Belgium
Silver Jewelry Price in Belgium (FOB) - 2022
In 2022, the average silver jewelry export price amounted to $494,652 per ton, shrinking by -1.6% against the previous year. Over the period under review, the export price showed a abrupt contraction. The growth pace was the most rapid in 2013 when the average export price increased by 107%. The export price peaked at $6,050,850 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($1,284,140 per ton), while the average price for exports to Luxembourg ($79,590 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 the Netherlands (-5.2%), while the prices for the other major destinations experienced a decline.
Silver Jewelry Price in Belgium (CIF) - 2022
The average silver jewelry import price stood at $623,946 per ton in 2022, approximately equating the previous year. In general, the import price, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 58%. The import price peaked at $1,711,371 per ton in 2013; however, from 2014 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 India ($2,000,170 per ton), while the price for France ($406,552 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.8%), while the prices for the other major suppliers experienced a decline.
Silver Jewelry Exports in Belgium
After three years of growth, shipments abroad of silver jewelry decreased by -89% to 22 tons in 2022. Overall, exports showed a noticeable contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 659% against the previous year.
In value terms, silver jewelry exports shrank remarkably to $11M in 2022. In general, exports recorded a slight slump. The pace of growth appeared the most rapid in 2020 with an increase of 707%.
Export of Silver Jewelry in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | N/A | 0.1 | 18.5 | 2.6 | 409.9% |
France | 4.3 | 27.6 | 21.8 | 2.6 | -15.4% |
Poland | 0.6 | 9.3 | 5.7 | 0.9 | 14.5% |
United States | 0.2 | 1.6 | 2.2 | 0.8 | 58.7% |
Netherlands | 2.3 | 13.5 | 19.7 | 0.7 | -32.7% |
Germany | 0.5 | 5.8 | 2.4 | 0.3 | -15.7% |
Romania | 0.4 | 4.9 | 9.4 | 0.2 | -20.6% |
Italy | 0.1 | 0.5 | 0.6 | 0.1 | 0.0% |
Austria | 1.2 | 11.8 | 7.3 | N/A | 146.6% |
Luxembourg | 0.1 | 0.2 | 0.2 | N/A | 41.4% |
Others | 1.5 | 15.4 | 12.5 | 2.5 | 18.6% |
Total | 11.2 | 90.6 | 100 | 10.8 | -1.2% |
Top Export Markets for Silver Jewelry from Belgium in 2022:
- France (13.6 tons)
- Canada (2.8 tons)
- Netherlands (0.8 tons)
- Poland (0.7 tons)
- United States (0.7 tons)
- Italy (0.6 tons)
- Luxembourg (0.4 tons)
- Germany (0.4 tons)
- Romania (0.2 tons)
- Austria (0.1 tons)
Silver Jewelry Imports in Belgium
In 2022, purchases abroad of silver jewelry decreased by -46.7% to 53 tons, falling for the second year in a row after two years of growth. Over the period under review, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year. As a result, imports reached the peak of 114 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, silver jewelry imports shrank dramatically to $33M in 2022. In general, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2020 when imports increased by 98% against the previous year.
Import of Silver Jewelry in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 12.1 | 21.3 | 28.5 | 17.8 | 13.7% |
China | 3.7 | 9.3 | 8.4 | 3.8 | 0.9% |
India | 1.9 | 4.0 | 5.4 | 2.8 | 13.8% |
Thailand | 1.6 | 2.9 | 3.4 | 1.9 | 5.9% |
Netherlands | 1.7 | 4.4 | 3.1 | 1.8 | 1.9% |
France | 1.3 | 3.7 | 4.2 | 1.3 | 0.0% |
United States | 0.6 | 1.0 | 1.1 | 0.4 | -12.6% |
Others | 3.3 | 4.8 | 7.8 | 3.4 | 1.0% |
Total | 26.1 | 51.6 | 62.0 | 33.1 | 8.2% |
Top Suppliers of Silver Jewelry to Belgium in 2022:
- Germany (34.6 tons)
- China (5.3 tons)
- France (3.1 tons)
- Thailand (2.5 tons)
- Netherlands (2.2 tons)
- India (1.4 tons)
- United States (0.8 tons)
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