Silver Jewelry Price in Guatemala - 2023

Silver Jewelry Price in Guatemala (CIF) - 2022

The average silver jewelry import price stood at $284,802 per ton in 2022, increasing by 38% against the previous year. Over the period under review, the import price, however, saw a deep downturn. The growth pace was the most rapid in 2019 when the average import price increased by 52%. The import price peaked at $536,317 per ton in 2013; however, from 2014 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 Mexico ($670,428 per ton), while the price for China ($75,456 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Silver Jewelry Price in Guatemala (FOB) - 2022

In 2022, the average silver jewelry export price amounted to $266,651 per ton, falling by -9.8% against the previous year. Over the period under review, the export price saw a abrupt slump. The growth pace was the most rapid in 2021 when the average export price increased by 37%. The export price peaked at $983,175 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 the United States ($171,075 per ton), while the average price for exports to Panama amounted to $5,123 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (-1.6%).

Silver Jewelry Imports in Guatemala

In 2022, silver jewelry imports into Guatemala rose notably to 43 tons, growing by 8% compared with 2021 figures. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 54%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, silver jewelry imports surged to $12M in 2022. Overall, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Silver Jewelry in Guatemala (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	0.2	1.2	2.3	6.6	220.8%
United States	2.8	1.7	3.0	1.4	-20.6%
Thailand	N/A	N/A	0.1	1.4	1300.0%
Panama	2.3	2.3	2.0	1.0	-24.2%
Mexico	0.2	0.3	0.4	0.7	51.8%
China	N/A	N/A	0.1	0.5	400.0%
Others	0.3	0.4	0.3	0.7	32.6%
Total	5.9	5.9	8.2	12.2	27.4%

Top Suppliers of Silver Jewelry to Guatemala in 2022:

Thailand (14.5 tons)
Italy (11.0 tons)
United States (6.3 tons)
China (6.1 tons)
Panama (3.6 tons)
Mexico (1.0 tons)

Silver Jewelry Exports in Guatemala

In 2022, after three years of growth, there was significant decline in shipments abroad of silver jewelry, when their volume decreased by -33.6% to 3.9 tons. Overall, exports saw a pronounced shrinkage. The growth pace was the most rapid in 2020 when exports increased by 30%.

In value terms, silver jewelry exports reduced sharply to $1M in 2022. Over the period under review, exports, however, recorded buoyant growth. The growth pace was the most rapid in 2020 when exports increased by 77%.