Silver Jewelry Price in Israel - 2022
Contents:
- Silver Jewelry Price in Israel (FOB) - 2022
- Silver Jewelry Price in Israel (CIF) - 2022
- Silver Jewelry Exports in Israel
- Silver Jewelry Imports in Israel
Silver Jewelry Price in Israel (FOB) - 2022
In 2022, the average silver jewelry export price amounted to $2,415,658 per ton, with an increase of 8.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2021 an increase of 8.6% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Russia ($4,396,396 per ton) and Hong Kong SAR ($4,347,368 per ton), while the average price for exports to the United States ($4,320,477 per ton) and Italy ($4,321,267 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Jewelry Price in Israel (CIF) - 2022
The average silver jewelry import price stood at $1,910,241 per ton in 2022, rising by 7.4% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 7.4% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($960,959 per ton) and India ($959,816 per ton), while the price for the United States ($957,447 per ton) and Turkey ($958,333 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-5.8%), while the prices for the other major suppliers experienced a decline.
Silver Jewelry Exports in Israel
In 2022, the amount of silver jewelry exported from Israel expanded slightly to 64 tons, with an increase of 3.3% compared with 2021 figures. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, silver jewelry exports stood at $153M in 2022. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2021 with an increase of 69% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Silver Jewelry in Israel (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 43.0 | 58.6 | 100 | 99.4 | 32.2% |
| Germany | 0.6 | 0.9 | 3.2 | 14.8 | 191.1% |
| Belgium | 0.3 | 0.5 | 1.3 | 5.1 | 157.1% |
| United Kingdom | 1.3 | 2.1 | 4.1 | 4.1 | 46.6% |
| Italy | 0.4 | 0.4 | 2.2 | 3.8 | 111.8% |
| Netherlands | 1.0 | 0.7 | 2.5 | 3.6 | 53.3% |
| Turkey | N/A | 1.7 | 4.3 | 2.5 | 21.3% |
| France | 3.5 | 4.8 | 3.2 | 2.5 | -10.6% |
| Australia | 0.9 | 1.2 | 2.7 | 2.1 | 32.6% |
| Others | 12.2 | 10.0 | 13.3 | 15.7 | 8.8% |
| Total | 63.2 | 80.9 | 137 | 153 | 34.3% |
Top Export Markets for Silver Jewelry from Israel in 2022:
- United States (23.0 tons)
- Germany (3.4 tons)
- Belgium (1.2 tons)
- Italy (0.9 tons)
- United Kingdom (0.9 tons)
- Netherlands (0.8 tons)
- France (0.6 tons)
- Turkey (0.5 tons)
- Australia (0.5 tons)
Silver Jewelry Imports in Israel
Silver jewelry imports into Israel shrank to 17 tons in 2022, waning by -13% on the previous year. Overall, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 22%.
In value terms, silver jewelry imports contracted to $32M in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, imports attained the peak of $34M, and then contracted in the following year.
| Import of Silver Jewelry in Israel (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 8.8 | 8.7 | 10.7 | 8.9 | 0.4% |
| China | 5.6 | 3.5 | 6.9 | 7.3 | 9.2% |
| Spain | 6.4 | 6.9 | 6.0 | 6.1 | -1.6% |
| Thailand | 5.3 | 2.8 | 5.7 | 4.4 | -6.0% |
| Turkey | 1.8 | 1.0 | 1.7 | 2.0 | 3.6% |
| Hong Kong SAR | 1.5 | 1.2 | 1.4 | 1.4 | -2.3% |
| India | 0.7 | 0.2 | 0.8 | 0.8 | 4.6% |
| Others | 1.3 | 2.0 | 1.2 | 1.2 | -2.6% |
| Total | 31.5 | 26.3 | 34.3 | 32.1 | 0.6% |
Top Suppliers of Silver Jewelry to Israel in 2022:
- Italy (9.3 tons)
- China (7.7 tons)
- Spain (6.3 tons)
- Thailand (4.5 tons)
- Turkey (2.1 tons)
- Hong Kong SAR (1.5 tons)
- India (0.9 tons)
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