Silver Jewelry Price in Morocco - 2022
Contents:
- Silver Jewelry Price in Morocco (CIF) - 2022
- Silver Jewelry Price in Morocco (FOB) - 2022
- Silver Jewelry Imports in Morocco
- Silver Jewelry Exports in Morocco
Silver Jewelry Price in Morocco (CIF) - 2022
The average silver jewelry import price stood at $724,689 per ton in 2022, leveling off at the previous year. Overall, the import price, however, saw a mild setback. The growth pace was the most rapid in 2020 an increase of 13% against the previous year. Over the period under review, average import prices attained the peak figure at $826,754 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($1,144,194 per ton), while the price for India ($518,559 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Jewelry Price in Morocco (FOB) - 2022
The average silver jewelry export price stood at $2.7M per ton in December 2022, with an increase of 2% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when the average export price increased by 18% against the previous month. The export price peaked at $3.1M per ton in February 2022; afterwards, it flattened through to December 2022.
As there is only one major export destination, the average price level is determined by prices for France.
From December 2021 to December 2022, the rate of growth in terms of prices for France amounted to -0.4% per month.
Silver Jewelry Imports in Morocco
In 2022, approx. 10 tons of silver jewelry were imported into Morocco; falling by -10.3% on 2021. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +8.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 102% against the previous year. As a result, imports reached the peak of 12 tons, and then reduced in the following year.
In value terms, silver jewelry imports fell to $7.5M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +9.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 83% against the previous year. As a result, imports attained the peak of $8.4M, and then contracted in the following year.
| Import of Silver Jewelry in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.7 | 1.6 | 4.4 | 2.9 | 2.4% |
| France | 1.3 | 1.8 | 2.0 | 2.0 | 15.4% |
| Turkey | 0.4 | 0.7 | 1.6 | 1.8 | 65.1% |
| Thailand | 0.8 | 0.1 | N/A | 0.4 | -20.6% |
| India | 0.3 | 0.2 | N/A | 0.1 | -30.7% |
| Others | 0.3 | 0.2 | 0.4 | 0.3 | 0.0% |
| Total | 5.8 | 4.6 | 8.4 | 7.5 | 8.9% |
Top Suppliers of Silver Jewelry to Morocco in 2022:
- China (4.5 tons)
- Turkey (2.8 tons)
- France (1.9 tons)
- Thailand (0.7 tons)
- India (0.2 tons)
Silver Jewelry Exports in Morocco
In 2022, silver jewelry exports from Morocco expanded rapidly to 3.1 tons, with an increase of 11% compared with the previous year. The total export volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, silver jewelry exports stood at $8.1M in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 104%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Silver Jewelry in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 3.8 | 3.5 | 7.1 | 8.1 | 28.7% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 3.9 | 3.5 | 7.1 | 8.1 | 27.6% |
Top Export Markets for Silver Jewelry from Morocco in 2022:
- France (3.1 tons)
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