Silver Jewelry Price in Spain - 2023
Contents:
- Silver Jewelry Price in Spain (CIF) - 2022
- Silver Jewelry Price in Spain (FOB) - 2022
- Silver Jewelry Imports in Spain
- Silver Jewelry Exports in Spain
Silver Jewelry Price in Spain (CIF) - 2022
The average silver jewelry import price stood at $506,444 per ton in 2022, reducing by -22.9% against the previous year. In general, the import price, however, saw a prominent increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 57% against the previous year. Over the period under review, average import prices attained the maximum at $656,718 per ton in 2021, and then fell remarkably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($2,767,385 per ton), while the price for Germany ($53,594 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Jewelry Price in Spain (FOB) - 2022
The average silver jewelry export price stood at $329,229 per ton in 2022, approximately reflecting the previous year. In general, the export price showed buoyant growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 84%. Over the period under review, the average export prices hit record highs at $641,517 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,126,255 per ton), while the average price for exports to Italy ($43,717 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 France (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Jewelry Imports in Spain
Silver jewelry imports into Spain surged to 415 tons in 2022, rising by 29% on the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern.
In value terms, silver jewelry imports fell to $210M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +7.1% 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 +57.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 58% against the previous year. As a result, imports attained the peak of $212M, leveling off in the following year.
| Import of Silver Jewelry in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 56.5 | 56.1 | 96.0 | 103 | 22.2% |
| China | 38.3 | 28.1 | 48.5 | 44.2 | 4.9% |
| India | 7.6 | 6.1 | 13.7 | 18.5 | 34.5% |
| Italy | 8.7 | 6.2 | 9.3 | 12.3 | 12.2% |
| Germany | 15.1 | 8.6 | 10.4 | 8.0 | -19.1% |
| Denmark | 16.7 | 5.8 | 6.9 | 5.0 | -33.1% |
| France | 1.7 | 2.1 | 1.8 | 3.1 | 22.2% |
| Portugal | 4.3 | 3.0 | 3.6 | 2.2 | -20.0% |
| Others | 22.2 | 17.6 | 21.4 | 14.2 | -13.8% |
| Total | 171 | 134 | 212 | 210 | 7.1% |
Top Suppliers of Silver Jewelry to Spain in 2022:
- Germany (149.7 tons)
- Italy (125.4 tons)
- Thailand (54.5 tons)
- China (28.6 tons)
- France (23.9 tons)
- Portugal (9.2 tons)
- India (6.7 tons)
- Denmark (5.8 tons)
Silver Jewelry Exports in Spain
In 2022, after three years of growth, there was decline in overseas shipments of silver jewelry, when their volume decreased by -3.3% to 478 tons. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 90% against the previous year. As a result, the exports reached the peak of 494 tons, and then fell in the following year.
In value terms, silver jewelry exports dropped to $157M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +7.8% 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 +53.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 57%. As a result, the exports attained the peak of $161M, and then contracted slightly in the following year.
| Export of Silver Jewelry in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 18.8 | 15.2 | 36.7 | 45.7 | 34.5% |
| United States | 27.5 | 22.6 | 30.4 | 27.8 | 0.4% |
| Portugal | 13.5 | 9.8 | 13.9 | 15.5 | 4.7% |
| Germany | 1.2 | 4.0 | 4.9 | 4.8 | 58.7% |
| France | 3.3 | 6.3 | 7.9 | 4.3 | 9.2% |
| Italy | 2.0 | 3.4 | 5.5 | 4.1 | 27.0% |
| United Kingdom | 0.5 | 1.8 | 1.2 | 4.0 | 100.0% |
| Chile | 2.1 | 1.2 | 2.3 | 1.9 | -3.3% |
| Belgium | 0.6 | 0.7 | 1.2 | 1.7 | 41.5% |
| Netherlands | 0.1 | 0.4 | 1.0 | 1.2 | 128.9% |
| Others | 55.8 | 37.0 | 55.5 | 46.3 | -6.0% |
| Total | 125 | 102 | 161 | 157 | 7.9% |
Top Export Markets for Silver Jewelry from Spain in 2022:
- Italy (94.4 tons)
- Mexico (74.4 tons)
- Germany (59.8 tons)
- France (46.9 tons)
- Portugal (35.1 tons)
- Belgium (25.7 tons)
- United States (24.7 tons)
- United Kingdom (17.3 tons)
- Netherlands (14.3 tons)
- Chile (8.4 tons)
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