Silver Jewelry Price in Japan - 2023
Contents:
- Silver Jewelry Price in Japan (CIF) - 2022
- Silver Jewelry Price in Japan (FOB) - 2022
- Silver Jewelry Imports in Japan
- Silver Jewelry Exports in Japan
Silver Jewelry Price in Japan (CIF) - 2022
In 2022, the average silver jewelry import price amounted to $928,281 per ton, declining by -25.1% against the previous year. Over the period under review, the import price saw a deep setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 37%. Over the period under review, average import prices hit record highs at $2,502,460 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($4,057,757 per ton), while the price for Vietnam ($182,777 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+11.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Silver Jewelry Price in Japan (FOB) - 2022
In 2022, the average silver jewelry export price amounted to $3,217,047 per ton, growing by 19% against the previous year. In general, the export price, however, recorded a noticeable decrease. The pace of growth appeared the most rapid in 2015 an increase of 41% against the previous year. Over the period under review, the average export prices hit record highs at $6,316,559 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($4,521,343 per ton), while the average price for exports to Sri Lanka ($901,308 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 South Korea (+8.0%), while the prices for the other major destinations experienced mixed trend patterns.
Silver Jewelry Imports in Japan
In 2022, overseas purchases of silver jewelry were finally on the rise to reach 169 tons after two years of decline. The total import volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, silver jewelry imports stood at $157M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 14% against the previous year.
Import of Silver Jewelry in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 30.4 | 31.3 | 42.7 | 43.8 | 12.9% |
United States | 58.0 | 36.0 | 38.8 | 34.5 | -15.9% |
Thailand | 22.9 | 19.8 | 21.6 | 27.9 | 6.8% |
France | 6.9 | 8.8 | 9.9 | 9.0 | 9.3% |
Vietnam | 8.0 | 7.9 | 8.4 | 8.2 | 0.8% |
China | 8.6 | 6.5 | 6.5 | 6.2 | -10.3% |
India | 3.9 | 4.1 | 4.8 | 5.1 | 9.4% |
Others | 21.4 | 21.1 | 22.0 | 22.2 | 1.2% |
Total | 160 | 136 | 155 | 157 | -0.6% |
Top Suppliers of Silver Jewelry to Japan in 2022:
- Thailand (68.0 tons)
- Vietnam (45.0 tons)
- Italy (17.2 tons)
- India (11.4 tons)
- China (9.1 tons)
- United States (8.5 tons)
- France (2.4 tons)
Silver Jewelry Exports in Japan
After three years of growth, shipments abroad of silver jewelry decreased by -11.3% to 7.2 tons in 2022. In general, exports, however, recorded buoyant growth. The growth pace was the most rapid in 2021 when exports increased by 69%. As a result, the exports reached the peak of 8.1 tons, and then contracted in the following year.
In value terms, silver jewelry exports expanded sharply to $23M in 2022. Over the period under review, total exports indicated a pronounced expansion from 2019 to 2022: its value increased at an average annual rate of +2.9% 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 +78.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 70% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Silver Jewelry in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Hong Kong SAR | 13.5 | 4.5 | 9.4 | 11.7 | -4.7% |
China | 1.1 | 1.6 | 2.4 | 2.8 | 36.5% |
Thailand | 2.1 | 1.7 | 2.2 | 2.4 | 4.6% |
Taiwan (Chinese) | 1.0 | 1.2 | 1.4 | 1.7 | 19.3% |
Vietnam | 0.7 | 1.0 | 0.7 | 1.0 | 12.6% |
United States | 0.4 | 0.7 | 1.2 | 0.7 | 20.5% |
South Korea | 0.5 | 0.2 | 0.7 | 0.6 | 6.3% |
Italy | 0.1 | 0.8 | 2.5 | 0.2 | 26.0% |
United Kingdom | 1.0 | 0.4 | 0.3 | 0.2 | -41.5% |
Sri Lanka | 0.2 | N/A | 0.2 | 0.2 | 0.0% |
Others | 0.7 | 0.7 | 1.2 | 1.5 | 28.9% |
Total | 21.3 | 13.0 | 22.0 | 23.2 | 2.9% |
Top Export Markets for Silver Jewelry from Japan in 2022:
- Hong Kong SAR (2585.0 kg)
- China (1298.0 kg)
- United States (620.0 kg)
- Taiwan (Chinese) (568.0 kg)
- Thailand (545.0 kg)
- Vietnam (519.0 kg)
- Sri Lanka (273.0 kg)
- South Korea (187.0 kg)
- Italy (126.0 kg)
- United Kingdom (61.0 kg)
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