Silver Jewelry Price in Mexico - 2022
Contents:
- Silver Jewelry Price in Mexico (CIF) - 2022
- Silver Jewelry Price in Mexico (FOB) - 2022
- Silver Jewelry Imports in Mexico
- Silver Jewelry Exports in Mexico
Silver Jewelry Price in Mexico (CIF) - 2022
The average silver jewelry import price stood at $1,788,236 per ton in 2022, surging by 4.3% against the previous year. In general, the import price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 253% against the previous year. As a result, import price reached the peak level of $12,215 per kg. From 2016 to 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($2,151,244 per ton) and Thailand ($2,119,207 per ton), while the price for India ($1,741,166 per ton) and Spain ($1,812,162 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Jewelry Price in Mexico (FOB) - 2022
In 2022, the average silver jewelry export price amounted to $2,036,283 per ton, surging by 8.6% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 641%. As a result, the export price attained the peak level of $14,017 per kg. From 2016 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($1,140,068 per ton), while the average price for exports to the United States amounted to $1,110,121 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+0.2%), while the prices for the other major destinations experienced a decline.
Silver Jewelry Imports in Mexico
In 2022, approx. 107 tons of silver jewelry were imported into Mexico; growing by 65% against 2021. Overall, imports recorded resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 77%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, silver jewelry imports skyrocketed to $191M in 2022. Over the period under review, imports recorded a significant increase. The growth pace was the most rapid in 2021 when imports increased by 85% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.
| Import of Silver Jewelry in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 41.4 | 18.3 | 40.1 | 102 | 35.1% |
| China | 15.7 | 15.5 | 25.2 | 29.8 | 23.8% |
| India | 7.5 | 6.4 | 8.3 | 17.3 | 32.1% |
| Italy | 7.6 | 3.8 | 8.4 | 12.8 | 19.0% |
| Spain | 6.7 | 4.9 | 9.9 | 12.4 | 22.8% |
| United States | 16.6 | 9.7 | 15.5 | 11.8 | -10.8% |
| Others | 6.4 | 1.4 | 3.4 | 5.2 | -6.7% |
| Total | 102 | 60.0 | 111 | 191 | 23.3% |
Top Suppliers of Silver Jewelry to Mexico in 2022:
- Thailand (48.2 tons)
- China (14.5 tons)
- India (9.9 tons)
- Spain (6.8 tons)
- United States (6.3 tons)
- Italy (5.9 tons)
Silver Jewelry Exports in Mexico
In 2022, silver jewelry exports from Mexico fell notably to 29 tons, dropping by -18.1% compared with the previous year's figure. Over the period under review, exports continue to indicate a pronounced reduction. The growth pace was the most rapid in 2021 with an increase of 48%. As a result, the exports reached the peak of 36 tons, and then contracted notably in the following year.
In value terms, silver jewelry exports dropped to $60M in 2022. Overall, total exports indicated a temperate expansion from 2019 to 2022: its value increased at an average annual rate of +4.3% 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 +43.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 61% against the previous year. As a result, the exports attained the peak of $67M, and then dropped in the following year.
| Export of Silver Jewelry in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 47.0 | 39.0 | 65.2 | 57.6 | 7.0% |
| Others | 5.6 | 2.6 | 1.8 | 2.0 | -29.1% |
| Total | 52.6 | 41.6 | 67.0 | 59.6 | 4.3% |
Top Export Markets for Silver Jewelry from Mexico in 2022:
- United States (51.9 tons)
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