Silver Jewelry Price in Myanmar - 2022
Contents:
- Silver Jewelry Price in Myanmar (CIF) - 2022
- Silver Jewelry Price in Myanmar (FOB) - 2022
- Silver Jewelry Imports in Myanmar
- Silver Jewelry Exports in Myanmar
Silver Jewelry Price in Myanmar (CIF) - 2022
In 2022, the average silver jewelry import price amounted to $19,081 per ton, dropping by -98.1% against the previous year. In general, the import price saw a dramatic slump. The most prominent rate of growth was recorded in 2021 an increase of 23,015%. Over the period under review, average import prices reached the maximum at $2,467,380 per ton in 2016; however, from 2017 to 2022, import prices remained at a 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 Thailand ($893,000 per ton), while the price for China ($7,108 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+45.5%), while the prices for the other major suppliers experienced a decline.
Silver Jewelry Price in Myanmar (FOB) - 2022
The average silver jewelry export price stood at $1,800,000 per ton in 2022, picking up by 167% against the previous year. Overall, the export price saw modest growth. Over the period under review, the average export prices attained the maximum at $3,569,625 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +49.6% per year.
Silver Jewelry Imports in Myanmar
In 2022, the amount of silver jewelry imported into Myanmar soared to 148 kg, increasing by 2,367% against 2021 figures. Overall, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, silver jewelry imports reduced remarkably to $2.8K in 2022. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 23,015%. As a result, imports reached the peak of $6K, and then declined markedly in the following year.
| Import of Silver Jewelry in Myanmar (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.0 | 7.0 | 347 | 853 | 848.4% |
| Japan | N/A | N/A | N/A | 185 | 0% |
| Others | 11.0 | 19.0 | 5,663 | 1,786 | 445.5% |
| Total | 12.0 | 26.0 | 6,010 | 2,824 | 517.4% |
Top Suppliers of Silver Jewelry to Myanmar in 2022:
- China (120.0 kg)
- Japan (26.0 kg)
Silver Jewelry Exports in Myanmar
In 2022, after two years of decline, there was significant decline in shipments abroad of silver jewelry, when their volume decreased by -99.2% to 2 kg. Overall, exports recorded a dramatic shrinkage. The smallest decline of -52.4% was in 2020.
In value terms, silver jewelry exports declined dramatically to $3.6K in 2022. Over the period under review, exports faced a precipitous curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 34%.
| Export of Silver Jewelry in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 162 | N/A | N/A | 3.6 | -71.9% |
| South Korea | 102 | 55.6 | 9.3 | N/A | -69.8% |
| China | 54.6 | 2.1 | 147 | N/A | 64.1% |
| Ethiopia | N/A | N/A | 0.1 | N/A | 0% |
| Others | 191 | 62.8 | 5.0 | N/A | -83.8% |
| Total | 509 | 121 | 161 | 3.6 | -80.8% |
Top Export Markets for Silver Jewelry from Myanmar in 2022:
- United States (2.0 kg)
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