Silver Jewelry Price in Pakistan - 2023
Contents:
- Silver Jewelry Price in Pakistan (FOB) - 2022
- Silver Jewelry Price in Pakistan (CIF) - 2022
- Silver Jewelry Exports in Pakistan
- Silver Jewelry Imports in Pakistan
Silver Jewelry Price in Pakistan (FOB) - 2022
The average silver jewelry export price stood at $440,112 per ton in 2022, growing by 9.7% against the previous year. In general, the export price, however, showed a abrupt decline. Over the period under review, the average export prices reached the maximum at $1,019,414 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($485,816 per ton), while the average price for exports to Qatar stood at $9,286 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-7.1%).
Silver Jewelry Price in Pakistan (CIF) - 2022
In 2022, the average silver jewelry import price amounted to $775,303 per ton, shrinking by -5.9% against the previous year. Overall, the import price recorded a slight decrease. The growth pace was the most rapid in 2016 an increase of 323% against the previous year. As a result, import price attained the peak level of $1,158,156 per ton. From 2017 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($2,250,250 per ton), while the price for the United Arab Emirates ($33,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Jewelry Exports in Pakistan
In 2022, the amount of silver jewelry exported from Pakistan totaled 418 kg, rising by 15% against the previous year. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 198% against the previous year. As a result, the exports reached the peak of 471 kg. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, silver jewelry exports surged to $184K in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 171%. As a result, the exports attained the peak of $222K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Silver Jewelry in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 80.4 | 218 | 143 | 180 | 30.8% |
| Qatar | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 1.2 | 3.0 | 3.3 | 4.2 | 51.8% |
| Total | 81.7 | 222 | 146 | 184 | 31.1% |
Top Export Markets for Silver Jewelry from Pakistan in 2022:
- United Arab Emirates (370.0 kg)
- Qatar (7.0 kg)
Silver Jewelry Imports in Pakistan
Silver jewelry imports into Pakistan fell remarkably to 119 kg in 2022, waning by -26.1% against 2021 figures. In general, imports saw a dramatic descent. The pace of growth was the most pronounced in 2021 with an increase of 104% against the previous year.
In value terms, silver jewelry imports contracted rapidly to $92K in 2022. Overall, imports recorded a sharp descent. The pace of growth was the most pronounced in 2021 with an increase of 155%.
| Import of Silver Jewelry in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 172 | 34.0 | 98.3 | 70.6 | -25.7% |
| Turkey | 67.9 | 9.1 | 17.2 | 9.0 | -49.0% |
| Thailand | 1.7 | 5.3 | 9.7 | 5.8 | 50.5% |
| Italy | 12.7 | 2.0 | 4.5 | 2.6 | -41.1% |
| United States | 0.6 | 0.2 | 1.0 | 2.5 | 60.9% |
| Others | 7.7 | 1.2 | 2.0 | 1.8 | -38.4% |
| Total | 263 | 51.9 | 133 | 92.3 | -29.5% |
Top Suppliers of Silver Jewelry to Pakistan in 2022:
- Hong Kong SAR (93.0 kg)
- Thailand (6.0 kg)
- Turkey (4.0 kg)
- Italy (3.0 kg)
- United States (3.0 kg)
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