Silver Jewelry Price in Nepal - 2022
Contents:
- Silver Jewelry Price in Nepal (FOB) - 2022
- Silver Jewelry Price in Nepal (CIF) - 2022
- Silver Jewelry Exports in Nepal
- Silver Jewelry Imports in Nepal
Silver Jewelry Price in Nepal (FOB) - 2022
In 2022, the average silver jewelry export price amounted to $902,705 per ton, growing by 11% against the previous year. Overall, the export price saw a mild increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 73%. The export price peaked at $1,625,486 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($1,899,100 per ton), while the average price for exports to the UK ($165,514 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 Australia (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Jewelry Price in Nepal (CIF) - 2022
The average silver jewelry import price stood at $40,929 per ton in 2022, which is down by -95.3% against the previous year. Over the period under review, the import price recorded a dramatic decline. The most prominent rate of growth was recorded in 2015 when the average import price increased by 41% against the previous year. The import price peaked at $1,129,918 per ton in 2019; however, from 2020 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 Kuwait ($120,000 per ton), while the price for India ($22,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+83.9%), while the prices for the other major suppliers experienced a decline.
Silver Jewelry Exports in Nepal
In 2022, silver jewelry exports from Nepal soared to 2.6 tons, jumping by 48% on the previous year's figure. In general, exports showed noticeable growth. The most prominent rate of growth was recorded in 2021 with an increase of 52%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, silver jewelry exports soared to $2.4M in 2022. Overall, exports showed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Silver Jewelry in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 827 | 523 | 883 | 1,593 | 24.4% |
| Japan | 186 | 162 | 118 | 184 | -0.4% |
| Germany | 142 | 92.3 | 100 | 166 | 5.3% |
| Australia | 86.6 | 25.1 | 18.1 | 140 | 17.4% |
| France | 85.0 | 47.2 | 105 | 82.0 | -1.2% |
| United Kingdom | 15.6 | 11.2 | 21.9 | 23.2 | 14.1% |
| Netherlands | 114 | 43.8 | 29.4 | 15.6 | -48.5% |
| Others | 405 | 130 | 172 | 161 | -26.5% |
| Total | 1,861 | 1,034 | 1,447 | 2,364 | 8.3% |
Top Export Markets for Silver Jewelry from Nepal in 2022:
- United States (1840.0 kg)
- Japan (167.0 kg)
- United Kingdom (140.0 kg)
- France (134.0 kg)
- Germany (100.0 kg)
- Australia (80.0 kg)
- Netherlands (30.0 kg)
Silver Jewelry Imports in Nepal
In 2022, purchases abroad of silver jewelry decreased by -63.2% to 28 kg, falling for the second year in a row after two years of growth. In general, imports continue to indicate a dramatic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 8.2% against the previous year. As a result, imports attained the peak of 79 kg. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, silver jewelry imports shrank dramatically to $1.1K in 2022. Over the period under review, imports saw a precipitous contraction. The pace of growth appeared the most rapid in 2021 with an increase of 35%.
| Import of Silver Jewelry in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 1.0 | 0% |
| Kuwait | N/A | N/A | N/A | 0.1 | 0% |
| Spain | N/A | 0.3 | N/A | N/A | 0% |
| Thailand | 79.7 | N/A | 0.8 | N/A | -90.0% |
| United States | N/A | 28.8 | 0.7 | N/A | -97.6% |
| India | 1.7 | 19.6 | 0.2 | N/A | -65.7% |
| United Arab Emirates | N/A | N/A | 50.5 | N/A | 0% |
| Israel | 1.0 | N/A | 13.4 | N/A | 266.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 82.5 | 48.7 | 65.6 | 1.1 | -76.3% |
Top Suppliers of Silver Jewelry to Nepal in 2022:
- China (25.0 kg)
- Thailand (1.0 kg)
- India (1.0 kg)
- Kuwait (1.0 kg)
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