Silver Jewelry Price in South Africa - 2023
Contents:
- Silver Jewelry Price in South Africa (CIF) - 2022
- Silver Jewelry Price in South Africa (FOB) - 2022
- Silver Jewelry Imports in South Africa
- Silver Jewelry Exports in South Africa
Silver Jewelry Price in South Africa (CIF) - 2022
In 2022, the average silver jewelry import price amounted to $253,214 per ton, with a decrease of -6.2% against the previous year. Overall, the import price showed a abrupt contraction. The growth pace was the most rapid in 2015 when the average import price increased by 2.3%. Over the period under review, average import prices attained the peak figure at $968,965 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,973,908 per ton), while the price for China ($119,283 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.1%), while the prices for the other major suppliers experienced a decline.
Silver Jewelry Price in South Africa (FOB) - 2022
In 2022, the average silver jewelry export price amounted to $685,063 per ton, rising by 588% against the previous year. In general, the export price saw significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($1,353,252 per ton), while the average price for exports to Lesotho ($21,308 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 United Arab Emirates (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Jewelry Imports in South Africa
In 2022, approx. 74 tons of silver jewelry were imported into South Africa; growing by 8% against 2021 figures. In general, imports saw strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 109% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, silver jewelry imports amounted to $19M in 2022. Over the period under review, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 104% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Silver Jewelry in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 5.9 | 3.8 | 8.7 | 8.9 | 14.7% |
| Italy | 3.9 | 2.7 | 3.6 | 3.8 | -0.9% |
| China | 2.0 | 1.6 | 3.1 | 3.2 | 17.0% |
| Germany | 0.3 | 0.2 | 1.1 | 0.5 | 18.6% |
| Hong Kong SAR | 0.6 | 0.3 | 0.5 | 0.1 | -45.0% |
| Others | 1.2 | 0.5 | 1.4 | 2.2 | 22.4% |
| Total | 14.1 | 9.1 | 18.6 | 18.8 | 10.1% |
Top Suppliers of Silver Jewelry to South Africa in 2022:
- Thailand (37.6 tons)
- China (26.7 tons)
- Italy (3.9 tons)
- Germany (1.8 tons)
- Hong Kong SAR (0.4 tons)
Silver Jewelry Exports in South Africa
Silver jewelry exports from South Africa soared to 30 tons in 2022, with an increase of 92% on the previous year. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, silver jewelry exports skyrocketed to $20M in 2022. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Silver Jewelry in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 32.8 | 5.7 | 9.0 | 19,259 | 737.4% |
| Namibia | 458 | 313 | 622 | 521 | 4.4% |
| Botswana | 146 | 164 | 253 | 175 | 6.2% |
| Zambia | 100 | 60.0 | 128 | 101 | 0.3% |
| Swaziland | 54.7 | 37.8 | 64.8 | 55.9 | 0.7% |
| Lesotho | 47.6 | 37.3 | 64.8 | 47.7 | 0.1% |
| Seychelles | N/A | N/A | N/A | 22.8 | 0% |
| Mozambique | 8.3 | 2.1 | 1.5 | 2.0 | -37.8% |
| Others | 80.8 | 57.9 | 401 | 235 | 42.7% |
| Total | 928 | 678 | 1,544 | 20,420 | 180.2% |
Top Export Markets for Silver Jewelry from South Africa in 2022:
- United Arab Emirates (14.2 tons)
- Zambia (4.3 tons)
- Namibia (3.9 tons)
- Botswana (2.3 tons)
- Lesotho (2.2 tons)
- Swaziland (1.4 tons)
- Seychelles (0.5 tons)
- Mozambique (0.2 tons)
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