Silver Jewelry Price in Slovakia - 2023

Contents:

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

Silver Jewelry Price in Slovakia (CIF) - 2023

In June 2023, the average silver jewelry import price amounted to $818K per ton, almost unchanged from the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 46% against the previous month. As a result, import price reached the peak level of $1.2M per ton. From November 2022 to June 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was China ($1.6M per ton), while the price for Italy ($378K 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 (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Silver Jewelry Price in Slovakia (FOB) - 2022

The average silver jewelry export price stood at $805,944 per ton in 2022, jumping by 30% against the previous year. Over the period under review, the export price posted a strong increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 542% against the previous year. As a result, the export price reached the peak level of $5,720 per kg. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($3,328,500 per ton), while the average price for exports to Finland ($46,286 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 the UK (+112.2%), while the prices for the other major destinations experienced more modest paces of growth.

Silver Jewelry Imports in Slovakia

In 2022, silver jewelry imports into Slovakia soared to 12 tons, jumping by 130% against the year before. Overall, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silver jewelry imports skyrocketed to $10M in 2022. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Silver Jewelry in Slovakia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Thailand2,6562,1113,1882,7831.6%
China52961892575112.4%
India22327718534615.8%
Turkey16072.311425116.2%
Italy54.810814834.1-14.6%
Indonesia3.726.731.025.490.1%
Germany9792,2241,77419.0-73.1%
France88.61971794.0-64.4%
Austria1056221220.7-81.2%
Others2973632735,858170.2%
Total5,0976,6196,93810,07225.5%

Top Suppliers of Silver Jewelry to Slovakia in 2022:

  1. France (undefined tons)
  2. Austria (undefined tons)
  3. Germany (undefined tons)
  4. Thailand (1.2 tons)
  5. China (0.7 tons)
  6. India (0.3 tons)
  7. Turkey (0.2 tons)
  8. Italy (0.1 tons)
  9. Indonesia (0.1 tons)

Silver Jewelry Exports in Slovakia

After three years of growth, shipments abroad of silver jewelry decreased by -91.9% to 338 kg in 2022. Overall, exports saw a sharp reduction. The pace of growth was the most pronounced in 2020 with an increase of 194%.

In value terms, silver jewelry exports contracted significantly to $272K in 2022. In general, exports showed a precipitous shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 229% against the previous year.

Export of Silver Jewelry in Slovakia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany7382,2692,100191-36.3%
United Kingdom2.85.711329.9120.2%
SwitzerlandN/A7.629.218.053.9%
Czech Republic12.819.811.816.38.4%
BulgariaN/AN/A1.01.770.0%
Poland12.92233011.4-52.3%
FranceN/A0.85.41.222.5%
BelgiumN/AN/A0.40.40.0%
FinlandN/AN/A0.20.350.0%
Others2.84.816.312.062.4%
Total7702,5302,578272-29.3%

Top Export Markets for Silver Jewelry from Slovakia in 2022:

  1. Germany (110.0 kg)
  2. Switzerland (63.0 kg)
  3. United Kingdom (36.0 kg)
  4. Poland (23.0 kg)
  5. Bulgaria (23.0 kg)
  6. Czech Republic (19.0 kg)
  7. France (12.0 kg)
  8. Finland (7.0 kg)
  9. Belgium (7.0 kg)

Source: IndexBox Market Intelligence Platform

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