Silver Jewelry Price in Italy - 2023
Contents:
- Silver Jewelry Price in Italy (FOB) - 2023
- Silver Jewelry Price in Italy (CIF) - 2023
- Silver Jewelry Exports in Italy
- Silver Jewelry Imports in Italy
Silver Jewelry Price in Italy (FOB) - 2023
In June 2023, the average silver jewelry export price amounted to $1.3M per ton, with an increase of 2.6% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 19% month-to-month. The export price peaked at $1.5M per ton in August 2022; afterwards, it flattened through to June 2023.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Switzerland ($5.1M per ton), while the average price for exports to the UK ($754K per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Jewelry Price in Italy (CIF) - 2023
In June 2023, the average silver jewelry import price amounted to $962K per ton, dropping by -5.2% against the previous month. In general, the import price showed a abrupt decrease. The pace of growth was the most pronounced in October 2022 when the average import price increased by 48% month-to-month. As a result, import price reached the peak level of $2,499 per kg. From November 2022 to June 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($2.1M per ton), while the price for Romania ($748K per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Romania (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Silver Jewelry Exports in Italy
In 2022, the amount of silver jewelry exported from Italy fell to 681 tons, with a decrease of -6.1% against 2021 figures. The total export volume increased at an average annual rate of +1.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. As a result, the exports reached the peak of 725 tons, and then declined in the following year.
In value terms, silver jewelry exports fell to $914M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 61% against the previous year. As a result, the exports attained the peak of $1B, and then shrank in the following year.
| Export of Silver Jewelry in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 146 | 153 | 253 | 205 | 12.0% |
| Switzerland | 52.7 | 75.5 | 200 | 150 | 41.7% |
| Romania | 65.0 | 54.8 | 78.4 | 76.3 | 5.5% |
| France | 41.8 | 35.8 | 46.6 | 46.4 | 3.5% |
| United Kingdom | 34.2 | 36.6 | 38.4 | 40.7 | 6.0% |
| United Arab Emirates | 10.7 | 8.3 | 12.6 | 34.1 | 47.2% |
| Hong Kong SAR | 35.4 | 34.6 | 42.3 | 33.5 | -1.8% |
| Germany | 25.6 | 28.5 | 36.2 | 31.8 | 7.5% |
| Brazil | 6.7 | 14.9 | 23.1 | 26.2 | 57.5% |
| Poland | 40.2 | 22.5 | 24.6 | 22.4 | -17.7% |
| Panama | 10.3 | 5.2 | 9.9 | 15.4 | 14.3% |
| Chile | 7.8 | 10.0 | 28.5 | 14.2 | 22.1% |
| Turkey | 9.9 | 8.0 | 10.4 | 13.2 | 10.1% |
| Others | 174 | 153 | 228 | 204 | 5.4% |
| Total | 660 | 641 | 1,032 | 914 | 11.5% |
Top Export Markets for Silver Jewelry from Italy in 2022:
- United States (158.0 tons)
- Romania (102.7 tons)
- United Kingdom (36.6 tons)
- United Arab Emirates (34.4 tons)
- Brazil (29.3 tons)
- Hong Kong SAR (27.2 tons)
- Switzerland (25.1 tons)
- Germany (21.5 tons)
- France (21.2 tons)
- Poland (17.5 tons)
- Panama (16.3 tons)
- Chile (15.2 tons)
- Turkey (15.1 tons)
Silver Jewelry Imports in Italy
In 2022, approx. 234 tons of silver jewelry were imported into Italy; picking up by 5.6% on 2021. Over the period under review, imports, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year.
In value terms, silver jewelry imports shrank modestly to $502M in 2022. Overall, imports recorded a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 120%. As a result, imports reached the peak of $507M, and then shrank slightly in the following year.
| Import of Silver Jewelry in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 162 | 76.1 | 278 | 320 | 25.5% |
| Romania | 60.5 | 48.2 | 64.0 | 70.4 | 5.2% |
| China | 30.5 | 25.0 | 41.0 | 40.6 | 10.0% |
| Hong Kong SAR | 2.7 | 2.2 | 21.0 | 11.2 | 60.7% |
| India | 7.5 | 4.4 | 6.4 | 9.6 | 8.6% |
| Thailand | 7.8 | 4.6 | 6.4 | 7.4 | -1.7% |
| Denmark | 0.1 | 1.9 | 6.2 | 4.4 | 253.0% |
| United Arab Emirates | 19.0 | 13.9 | 21.7 | 0.1 | -82.6% |
| Others | 54.8 | 54.0 | 63.0 | 38.6 | -11.0% |
| Total | 345 | 230 | 507 | 502 | 13.3% |
Top Suppliers of Silver Jewelry to Italy in 2022:
- Romania (99.6 tons)
- Germany (57.7 tons)
- China (28.5 tons)
- Hong Kong SAR (13.2 tons)
- India (9.8 tons)
- Thailand (7.4 tons)
- Denmark (4.2 tons)
- United Arab Emirates (0.1 tons)
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