Silver Jewelry Price in Sri Lanka - 2021
Contents:
- Silver Jewelry Price in Sri Lanka (FOB) - 2022
- Silver Jewelry Price in Sri Lanka (CIF) - 2022
- Silver Jewelry Exports in Sri Lanka
- Silver Jewelry Imports in Sri Lanka
Silver Jewelry Price in Sri Lanka (FOB) - 2022
In 2022, the average silver jewelry export price amounted to $1,556,277 per ton, with an increase of 4.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2019 when the average export price increased by 40%. The export price peaked at $1,706,869 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($2,461,860 per ton), while the average price for exports to Thailand ($817,981 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 Germany (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Jewelry Price in Sri Lanka (CIF) - 2022
In 2022, the average silver jewelry import price amounted to $909,793 per ton, picking up by 16% against the previous year. In general, the import price, however, recorded a mild decrease. The pace of growth appeared the most rapid in 2013 when the average import price increased by 58% against the previous year. As a result, import price attained the peak level of $1,736 per kg. From 2014 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($2,788,000 per ton), while the price for China ($383,333 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Jewelry Exports in Sri Lanka
In 2022, approx. 1.4 tons of silver jewelry were exported from Sri Lanka; shrinking by -51.3% against 2021 figures. Over the period under review, exports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 151%. As a result, the exports attained the peak of 2.8 tons, and then declined markedly in the following year.
In value terms, silver jewelry exports reduced rapidly to $2.1M in 2022. In general, exports saw a pronounced contraction. The most prominent rate of growth was recorded in 2021 with an increase of 120% against the previous year. As a result, the exports reached the peak of $4.1M, and then reduced dramatically in the following year.
| Export of Silver Jewelry in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 778 | 999 | 2,073 | 1,034 | 9.9% |
| United States | 776 | 531 | 866 | 464 | -15.8% |
| Japan | 282 | 152 | 576 | 303 | 2.4% |
| Thailand | 56.3 | 59.5 | 297 | 85.1 | 14.8% |
| United Kingdom | 49.8 | 30.7 | 112 | 72.8 | 13.5% |
| Netherlands | 21.8 | 34.2 | 62.9 | 32.4 | 14.1% |
| Hong Kong SAR | 24.5 | 4.8 | 19.0 | 26.9 | 3.2% |
| Others | 298 | 73.2 | 141 | 84.7 | -34.3% |
| Total | 2,287 | 1,884 | 4,147 | 2,103 | -2.8% |
Top Export Markets for Silver Jewelry from Sri Lanka in 2022:
- Germany (420.0 kg)
- United States (411.0 kg)
- Japan (251.0 kg)
- Thailand (104.0 kg)
- United Kingdom (44.0 kg)
- Netherlands (34.0 kg)
- Hong Kong SAR (26.0 kg)
Silver Jewelry Imports in Sri Lanka
In 2022, overseas purchases of silver jewelry decreased by -69.5% to 174 kg, falling for the second year in a row after two years of growth. In general, imports recorded a dramatic contraction. The growth pace was the most rapid in 2020 when imports increased by 58%. As a result, imports attained the peak of 1 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, silver jewelry imports reduced rapidly to $158K in 2022. Over the period under review, imports recorded a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 42% against the previous year. As a result, imports reached the peak of $759K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Silver Jewelry in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 162 | 13.1 | 142 | 118 | -10.0% |
| Germany | 42.3 | 66.8 | 25.4 | 19.6 | -22.6% |
| Thailand | 103 | 55.8 | 49.9 | 12.1 | -51.0% |
| China | 0.4 | N/A | 6.6 | 3.5 | 106.1% |
| South Africa | N/A | 0.1 | N/A | N/A | 0% |
| Italy | 67.5 | 252 | 46.9 | N/A | -16.6% |
| Others | 160 | 371 | 176 | 4.9 | -68.7% |
| Total | 535 | 759 | 447 | 158 | -33.4% |
Top Suppliers of Silver Jewelry to Sri Lanka in 2022:
- Japan (123.0 kg)
- Germany (21.0 kg)
- Thailand (11.0 kg)
- China (9.0 kg)
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