Silver Jewelry Price in Poland - 2023

Contents:

1. Silver Jewelry Price in Poland (CIF) - 2023
2. Silver Jewelry Price in Poland (FOB) - 2022
3. Silver Jewelry Imports in Poland
4. Silver Jewelry Exports in Poland

Silver Jewelry Price in Poland (CIF) - 2023

In June 2023, the average silver jewelry import price amounted to $1.6M per ton, waning by -19.8% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 51% month-to-month. The import price peaked at $2.0M per ton in April 2023; afterwards, it flattened through to June 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Spain ($9.5M per ton), while the price for Thailand ($601K per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Thailand (+1.8%), while the prices for the other major suppliers experienced a decline.

Silver Jewelry Price in Poland (FOB) - 2022

In 2022, the average silver jewelry export price amounted to $1,765,539 per ton, dropping by -3.9% against the previous year. Overall, the export price showed a perceptible reduction. The pace of growth appeared the most rapid in 2019 an increase of 23%. The export price peaked at $2,399,275 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 export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($3,515,503 per ton), while the average price for exports to Ukraine ($416,339 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 Spain (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Silver Jewelry Imports in Poland

In 2022, silver jewelry imports into Poland soared to 85 tons, growing by 35% on the year before. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +15.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silver jewelry imports contracted to $112M in 2022. The total import value increased at an average annual rate of +5.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 32% against the previous year. As a result, imports attained the peak of $121M, and then fell in the following year.

Top Suppliers of Silver Jewelry to Poland in 2022:

1. China (25.8 tons)
2. Thailand (23.7 tons)
3. Germany (22.1 tons)
4. Italy (8.5 tons)
5. Spain (0.5 tons)

Silver Jewelry Exports in Poland

In 2022, shipments abroad of silver jewelry decreased by -8.2% to 29 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +11.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 34%. As a result, the exports attained the peak of 32 tons, and then declined in the following year.

In value terms, silver jewelry exports declined to $52M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.1% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 36% against the previous year. As a result, the exports reached the peak of $59M, and then dropped in the following year.

Top Export Markets for Silver Jewelry from Poland in 2022:

1. Germany (14.8 tons)
2. United Kingdom (4.3 tons)
3. United States (2.4 tons)
4. Czech Republic (1.1 tons)
5. Italy (1.0 tons)
6. Austria (1.0 tons)
7. France (0.5 tons)
8. Spain (0.5 tons)

Source: IndexBox Market Intelligence Platform