Silver Jewelry Price in Belgium - 2023

Contents:

  1. Silver Jewelry Price in Belgium (FOB) - 2022
  2. Silver Jewelry Price in Belgium (CIF) - 2022
  3. Silver Jewelry Exports in Belgium
  4. 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)
COUNTRY2019202020212022CAGR,
2019-2022
CanadaN/A0.118.52.6409.9%
France4.327.621.82.6-15.4%
Poland0.69.35.70.914.5%
United States0.21.62.20.858.7%
Netherlands2.313.519.70.7-32.7%
Germany0.55.82.40.3-15.7%
Romania0.44.99.40.2-20.6%
Italy0.10.50.60.10.0%
Austria1.211.87.3N/A146.6%
Luxembourg0.10.20.2N/A41.4%
Others1.515.412.52.518.6%
Total11.290.610010.8-1.2%

Top Export Markets for Silver Jewelry from Belgium in 2022:

  1. France (13.6 tons)
  2. Canada (2.8 tons)
  3. Netherlands (0.8 tons)
  4. Poland (0.7 tons)
  5. United States (0.7 tons)
  6. Italy (0.6 tons)
  7. Luxembourg (0.4 tons)
  8. Germany (0.4 tons)
  9. Romania (0.2 tons)
  10. 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)
COUNTRY2019202020212022CAGR,
2019-2022
Germany12.121.328.517.813.7%
China3.79.38.43.80.9%
India1.94.05.42.813.8%
Thailand1.62.93.41.95.9%
Netherlands1.74.43.11.81.9%
France1.33.74.21.30.0%
United States0.61.01.10.4-12.6%
Others3.34.87.83.41.0%
Total26.151.662.033.18.2%

Top Suppliers of Silver Jewelry to Belgium in 2022:

  1. Germany (34.6 tons)
  2. China (5.3 tons)
  3. France (3.1 tons)
  4. Thailand (2.5 tons)
  5. Netherlands (2.2 tons)
  6. India (1.4 tons)
  7. United States (0.8 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Silver Jewelry - Belgium