Silver Jewelry Price in Lithuania - 2023
Contents:
- Silver Jewelry Price in Lithuania (CIF) - 2023
- Silver Jewelry Price in Lithuania (FOB) - 2023
- Silver Jewelry Imports in Lithuania
- Silver Jewelry Exports in Lithuania
Silver Jewelry Price in Lithuania (CIF) - 2023
In September 2023, the average silver jewelry import price amounted to $3.5M per ton, picking up by 79% against the previous month. Over the period under review, the import price enjoyed a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Turkey ($10.5M per ton), while the price for Italy ($1.3M per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Turkey (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Jewelry Price in Lithuania (FOB) - 2023
In September 2023, the average silver jewelry export price amounted to $2.6M per ton, with an increase of 16% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.5%. The export price peaked at $2.6M per ton in July 2023; afterwards, it flattened through to September 2023.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Denmark ($2.4M per ton), while the average price for exports to Estonia ($1.4M per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Jewelry Imports in Lithuania
Silver jewelry imports into Lithuania contracted rapidly to 3.1 tons in 2022, dropping by -44% compared with the previous year's figure. Over the period under review, imports saw a perceptible reduction. The growth pace was the most rapid in 2021 when imports increased by 68% against the previous year. As a result, imports attained the peak of 5.5 tons, and then fell dramatically in the following year.
In value terms, silver jewelry imports reduced sharply to $3.9M in 2022. Overall, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 30%. As a result, imports reached the peak of $6.5M, and then fell dramatically in the following year.
| Import of Silver Jewelry in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4,142 | 3,309 | 4,508 | 1,950 | -22.2% |
| Turkey | 309 | 219 | 278 | 476 | 15.5% |
| Denmark | 194 | 206 | 239 | 251 | 9.0% |
| Latvia | 59.7 | 65.9 | 51.3 | 223 | 55.2% |
| China | 430 | 220 | 358 | 197 | -22.9% |
| Italy | 258 | 200 | 296 | 193 | -9.2% |
| Poland | 469 | 322 | 159 | 153 | -31.2% |
| Thailand | 251 | 115 | 106 | 152 | -15.4% |
| Others | 304 | 288 | 457 | 303 | -0.1% |
| Total | 6,418 | 4,946 | 6,453 | 3,898 | -15.3% |
Top Suppliers of Silver Jewelry to Lithuania in 2022:
- Germany (2166.0 kg)
- Turkey (224.0 kg)
- Italy (196.0 kg)
- China (121.0 kg)
- Poland (101.0 kg)
- Latvia (75.0 kg)
- Thailand (73.0 kg)
- Denmark (71.0 kg)
Silver Jewelry Exports in Lithuania
Silver jewelry exports from Lithuania reduced to 2 tons in 2022, dropping by -14.6% compared with 2021. Overall, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 0.7% against the previous year.
In value terms, silver jewelry exports contracted dramatically to $3.8M in 2022. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 4.8%. As a result, the exports reached the peak of $5M, and then shrank sharply in the following year.
| Export of Silver Jewelry in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 1,920 | 2,765 | 3,487 | 2,939 | 15.2% |
| Latvia | 1,007 | 731 | 338 | 275 | -35.1% |
| Poland | 11.4 | 175 | 252 | 223 | 169.4% |
| Estonia | 558 | 612 | 377 | 136 | -37.5% |
| Germany | 495 | 137 | 115 | 77.3 | -46.1% |
| Russia | 395 | 220 | 272 | 45.7 | -51.3% |
| Others | 223 | 147 | 174 | 87.7 | -26.7% |
| Total | 4,609 | 4,788 | 5,016 | 3,784 | -6.4% |
Top Export Markets for Silver Jewelry from Lithuania in 2022:
- Denmark (1757.0 kg)
- Latvia (113.0 kg)
- Estonia (59.0 kg)
- Poland (33.0 kg)
- Russia (24.0 kg)
- Germany (10.0 kg)
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