Silver Jewelry Price in Serbia - 2023
Contents:
- Silver Jewelry Price in Serbia (CIF) - 2022
- Silver Jewelry Price in Serbia (FOB) - 2022
- Silver Jewelry Imports in Serbia
- Silver Jewelry Exports in Serbia
Silver Jewelry Price in Serbia (CIF) - 2022
In 2022, the average silver jewelry import price amounted to $1,833,334 per ton, therefore, remained relatively stable against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 11% against the previous year. As a result, import price attained the peak level of $1,848 per kg, leveling off in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($2,972,301 per ton), while the price for Turkey ($1,179,539 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.2%), while the prices for the other major suppliers experienced a decline.
Silver Jewelry Price in Serbia (FOB) - 2022
In 2022, the average silver jewelry export price amounted to $4,303,508 per ton, with a decrease of -10.3% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, silver jewelry export price increased by +8.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 45% against the previous year. The export price peaked at $4,796,728 per ton in 2021, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($4,916,305 per ton), while the average price for exports to Croatia ($1,421,604 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 Montenegro (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Jewelry Imports in Serbia
In 2022, approx. 3.3 tons of silver jewelry were imported into Serbia; growing by 19% on 2021. The total import volume increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, silver jewelry imports soared to $6.1M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 28%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.
| Import of Silver Jewelry in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1.8 | 1.9 | 2.4 | 3.0 | 18.6% |
| Turkey | 0.8 | 0.9 | 1.1 | 1.4 | 20.5% |
| Italy | 0.8 | 0.6 | 0.8 | 1.0 | 7.7% |
| China | 0.2 | 0.4 | 0.6 | 0.6 | 44.2% |
| Others | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Total | 3.8 | 4.1 | 5.2 | 6.1 | 17.1% |
Top Suppliers of Silver Jewelry to Serbia in 2022:
- Turkey (1154.0 kg)
- Thailand (999.0 kg)
- Italy (772.0 kg)
- China (370.0 kg)
Silver Jewelry Exports in Serbia
In 2022, approx. 501 kg of silver jewelry were exported from Serbia; picking up by 20% on 2021 figures. Over the period under review, exports, however, showed a mild downturn. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year.
In value terms, silver jewelry exports rose remarkably to $2.2M in 2022. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 56% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Silver Jewelry in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 732 | 431 | 783 | 821 | 3.9% |
| Montenegro | 560 | 325 | 505 | 630 | 4.0% |
| Albania | 513 | 373 | 642 | 556 | 2.7% |
| Croatia | 40.5 | 35.2 | 23.4 | 75.3 | 23.0% |
| Slovenia | 39.3 | 37.0 | 28.3 | 56.1 | 12.6% |
| North Macedonia | 131 | 32.1 | 10.9 | 7.4 | -61.6% |
| Others | 89.5 | 54.2 | 16.3 | 8.8 | -53.8% |
| Total | 2,106 | 1,287 | 2,010 | 2,155 | 0.8% |
Top Export Markets for Silver Jewelry from Serbia in 2022:
- Bosnia and Herzegovina (167.0 kg)
- Montenegro (134.0 kg)
- Albania (121.0 kg)
- Croatia (53.0 kg)
- Slovenia (22.0 kg)
- North Macedonia (2.0 kg)
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