Silver Jewelry Price in Oman - 2021
Contents:
- Silver Jewelry Price in Oman (CIF) - 2022
- Silver Jewelry Price in Oman (FOB) - 2022
- Silver Jewelry Imports in Oman
- Silver Jewelry Exports in Oman
Silver Jewelry Price in Oman (CIF) - 2022
The average silver jewelry import price stood at $484,390 per ton in 2022, with a decrease of -11.2% against the previous year. Overall, the import price showed a deep reduction. The pace of growth appeared the most rapid in 2017 an increase of 68%. As a result, import price reached the peak level of $1,048,259 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
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 Germany ($2,428,525 per ton), while the price for Spain ($181,176 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+73.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Jewelry Price in Oman (FOB) - 2022
In 2022, the average silver jewelry export price amounted to $1,104,842 per ton, which is down by -27.2% against the previous year. Overall, the export price, however, posted significant growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 7,478%. As a result, the export price attained the peak level of $2,387 per kg. From 2014 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($2,189,000 per ton), while the average price for exports to South Africa ($44,000 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 Jordan (+48.1%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Jewelry Imports in Oman
In 2022, overseas purchases of silver jewelry increased by 91% to 1 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a abrupt curtailment.
In value terms, silver jewelry imports skyrocketed to $493K in 2022. Overall, imports, however, showed a precipitous shrinkage.
| Import of Silver Jewelry in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 356 | 107 | 9.4 | 97.1 | -35.1% |
| Italy | 98.0 | 58.1 | 31.0 | 76.8 | -7.8% |
| India | 125 | 55.4 | 22.3 | 52.5 | -25.1% |
| China | 37.9 | 6.8 | 68.7 | 42.1 | 3.6% |
| Turkey | 208 | 213 | 58.7 | 31.7 | -46.6% |
| United Kingdom | N/A | 14.4 | 0.8 | 21.6 | 22.5% |
| Hong Kong SAR | N/A | 0.5 | 1.4 | 21.2 | 551.2% |
| Spain | 1.0 | 1.1 | 0.1 | 6.2 | 83.7% |
| Thailand | 147 | 105 | 13.7 | N/A | -69.5% |
| United Arab Emirates | 76.3 | 61.6 | 37.1 | N/A | -30.3% |
| Others | 460 | 71.8 | 47.5 | 144 | -32.1% |
| Total | 1,509 | 696 | 291 | 493 | -31.1% |
Top Suppliers of Silver Jewelry to Oman in 2022:
- Italy (266.0 kg)
- India (68.0 kg)
- China (51.0 kg)
- Germany (40.0 kg)
- Spain (34.0 kg)
- Turkey (29.0 kg)
- United Kingdom (29.0 kg)
- Hong Kong SAR (29.0 kg)
Silver Jewelry Exports in Oman
In 2022, approx. 38 kg of silver jewelry were exported from Oman; waning by -13.6% against the previous year. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 83% against the previous year. As a result, the exports attained the peak of 44 kg, and then fell in the following year.
In value terms, silver jewelry exports contracted dramatically to $42K in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 289%. As a result, the exports reached the peak of $67K, and then dropped significantly in the following year.
| Export of Silver Jewelry in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | 2.8 | 2.3 | 10.4 | 92.7% |
| Turkey | N/A | 0.2 | N/A | 3.6 | 324.3% |
| Switzerland | 0.4 | 0.3 | 0.1 | 3.2 | 100.0% |
| Bahrain | N/A | N/A | 0.7 | 3.1 | 342.9% |
| Jordan | 1.9 | N/A | N/A | 2.7 | 12.4% |
| Austria | N/A | 0.3 | N/A | 2.2 | 170.8% |
| Spain | N/A | N/A | N/A | 0.9 | 0% |
| Morocco | N/A | N/A | N/A | 0.7 | 0% |
| Germany | N/A | N/A | N/A | 0.5 | 0% |
| France | N/A | N/A | 0.5 | 0.1 | -80.0% |
| Sri Lanka | N/A | N/A | N/A | 0.1 | 0% |
| Kuwait | 2.2 | 0.8 | 0.5 | N/A | -52.3% |
| South Africa | N/A | N/A | N/A | N/A | 0% |
| Others | 10.7 | 12.8 | 62.8 | 14.2 | 9.9% |
| Total | 15.2 | 17.2 | 66.8 | 42.0 | 40.3% |
Top Export Markets for Silver Jewelry from Oman in 2022:
- Italy (10.0 kg)
- Bahrain (4.0 kg)
- Jordan (4.0 kg)
- Switzerland (4.0 kg)
- Turkey (3.0 kg)
- South Africa (1.0 kg)
- France (1.0 kg)
- Morocco (1.0 kg)
- Austria (1.0 kg)
- Sri Lanka (1.0 kg)
- Germany (1.0 kg)
- Spain (1.0 kg)
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