Silver Jewelry Price in Costa Rica - 2022
Contents:
- Silver Jewelry Price in Costa Rica (CIF) - 2022
- Silver Jewelry Price in Costa Rica (FOB) - 2022
- Silver Jewelry Imports in Costa Rica
- Silver Jewelry Exports in Costa Rica
Silver Jewelry Price in Costa Rica (CIF) - 2022
In 2022, the average silver jewelry import price amounted to $655,270 per ton, increasing by 31% against the previous year. In general, the import price, however, showed a deep reduction. Over the period under review, average import prices hit record highs at $1,190,980 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Panama ($993,273 per ton), while the price for France ($121,401 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.5%), while the prices for the other major suppliers experienced a decline.
Silver Jewelry Price in Costa Rica (FOB) - 2022
The average silver jewelry export price stood at $1,847,071 per ton in 2022, picking up by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The growth pace was the most rapid in 2013 an increase of 35%. Over the period under review, the average export prices hit record highs at $1,985,812 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.5% per year.
Silver Jewelry Imports in Costa Rica
In 2022, the amount of silver jewelry imported into Costa Rica contracted markedly to 10 tons, shrinking by -17.7% on the previous year's figure. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +9.7% 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 +50.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 83% against the previous year. As a result, imports reached the peak of 12 tons, and then fell sharply in the following year.
In value terms, silver jewelry imports rose significantly to $6.6M in 2022. Over the period under review, imports saw a deep setback. The growth pace was the most rapid in 2021 when imports increased by 79% against the previous year.
| Import of Silver Jewelry in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.3 | 1.8 | 4.1 | 3.7 | -16.3% |
| China | 0.3 | 0.1 | N/A | 1.3 | 63.0% |
| India | N/A | N/A | N/A | 0.3 | 0% |
| Spain | 1.5 | 1.1 | 1.7 | 0.3 | -41.5% |
| Thailand | N/A | 0.1 | N/A | 0.2 | 41.4% |
| France | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Greece | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.7 | 0.3 | 0.2 | 0.6 | -5.0% |
| Total | 8.8 | 3.4 | 6.1 | 6.6 | -9.1% |
Top Suppliers of Silver Jewelry to Costa Rica in 2022:
- United States (4.1 tons)
- China (2.0 tons)
- Spain (1.1 tons)
- India (0.8 tons)
- France (0.5 tons)
- Greece (0.3 tons)
- Thailand (0.3 tons)
Silver Jewelry Exports in Costa Rica
In 2022, approx. 14 kg of silver jewelry were exported from Costa Rica; shrinking by -99.1% on the year before. Overall, exports showed a precipitous setback. The most prominent rate of growth was recorded in 2021 with an increase of 19%. As a result, the exports reached the peak of 1.6 tons, and then declined dramatically in the following year.
In value terms, silver jewelry exports dropped notably to $26K in 2022. Over the period under review, exports faced a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 13%.
| Export of Silver Jewelry in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,519 | 2,129 | 2,484 | 25.9 | -78.3% |
| France | 96.5 | 42.6 | 18.9 | N/A | -55.7% |
| Canada | 233 | 65.1 | 64.7 | N/A | -47.3% |
| Others | 32.2 | 34.6 | 9.1 | N/A | -46.8% |
| Total | 2,881 | 2,271 | 2,576 | 25.9 | -79.2% |
Top Export Markets for Silver Jewelry from Costa Rica in 2022:
- United States (14.0 kg)
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