Silver Jewelry Price in Qatar - 2023
Contents:
Silver Jewelry Price in Qatar (CIF) - 2022
In 2022, the average silver jewelry import price amounted to $327,051 per ton, which is down by -32.7% against the previous year. Overall, the import price saw a abrupt setback. The pace of growth was the most pronounced in 2020 an increase of 34% against the previous year. Over the period under review, average import prices reached the peak figure at $1,153,862 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($880,586 per ton), while the price for China ($43,590 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+53.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Jewelry Imports in Qatar
In 2022, the amount of silver jewelry imported into Qatar soared to 21 tons, rising by 16% compared with 2021. Overall, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 326% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, silver jewelry imports declined rapidly to $7M in 2022. In general, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 121% against the previous year. As a result, imports reached the peak of $9M, and then fell dramatically in the following year.
| Import of Silver Jewelry in Qatar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 2,618 | 1,976 | 3,175 | 2,438 | -2.3% |
| Italy | 969 | 459 | 1,512 | 1,905 | 25.3% |
| Thailand | 957 | 643 | 1,130 | 838 | -4.3% |
| China | 332 | 50.7 | 457 | 506 | 15.1% |
| Germany | 636 | 343 | 658 | 443 | -11.4% |
| India | 295 | 145 | 405 | 333 | 4.1% |
| Turkey | 123 | 82.4 | 84.7 | 191 | 15.8% |
| Others | 2,574 | 361 | 1,538 | 338 | -49.2% |
| Total | 8,505 | 4,061 | 8,959 | 6,993 | -6.3% |
Top Suppliers of Silver Jewelry to Qatar in 2022:
- China (11.6 tons)
- Italy (4.1 tons)
- France (2.8 tons)
- Thailand (1.0 tons)
- India (0.7 tons)
- Turkey (0.5 tons)
- Germany (0.5 tons)
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