Silver Jewelry Price in Tanzania - 2022
Contents:
- Silver Jewelry Price in Tanzania (CIF) - 2022
- Silver Jewelry Price in Tanzania (FOB) - 2022
- Silver Jewelry Imports in Tanzania
- Silver Jewelry Exports in Tanzania
Silver Jewelry Price in Tanzania (CIF) - 2022
The average silver jewelry import price stood at $1,262,049 per ton in 2022, growing by 4.2% against the previous year. Over the period under review, the import price, however, continues to indicate a slight downturn. The growth pace was the most rapid in 2018 when the average import price increased by 83%. Over the period under review, average import prices attained the maximum at $1,474,558 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Turkey ($231,000 per ton), while the price for Indonesia ($46,329 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Jewelry Price in Tanzania (FOB) - 2022
The average silver jewelry export price stood at $813,533 per ton in 2022, dropping by -36.6% against the previous year. Over the period under review, the export price showed a abrupt contraction. The pace of growth appeared the most rapid in 2020 an increase of 29% against the previous year. Over the period under review, the average export prices reached the maximum at $1,975,500 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to +75.7% per year.
Silver Jewelry Imports in Tanzania
In 2022, the amount of silver jewelry imported into Tanzania skyrocketed to 185 kg, rising by 43% on 2021 figures. Overall, imports, however, continue to indicate a deep setback.
In value terms, silver jewelry imports skyrocketed to $233K in 2022. Over the period under review, imports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 51%.
| Import of Silver Jewelry in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | N/A | 105 | 0% |
| South Africa | 3.5 | N/A | N/A | 3.3 | -1.9% |
| Indonesia | N/A | N/A | N/A | 3.2 | 0% |
| Turkey | 11.8 | 20.4 | 67.7 | 0.2 | -74.3% |
| United Arab Emirates | 257 | 56.6 | N/A | N/A | -78.0% |
| Others | 19.3 | 26.3 | 88.5 | 121 | 84.4% |
| Total | 292 | 103 | 156 | 233 | -7.2% |
Top Suppliers of Silver Jewelry to Tanzania in 2022:
- United Kingdom (623.0 kg)
- Indonesia (70.0 kg)
- South Africa (64.0 kg)
- Turkey (1.0 kg)
Silver Jewelry Exports in Tanzania
In 2022, shipments abroad of silver jewelry decreased by -70.6% to 15 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 325%. As a result, the exports reached the peak of 51 kg, and then declined dramatically in the following year.
In value terms, silver jewelry exports dropped markedly to $12K in 2022. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 397% against the previous year. As a result, the exports reached the peak of $65K, and then reduced notably in the following year.
| Export of Silver Jewelry in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | 0.2 | 12.2 | 6000.0% |
| Norway | N/A | 1.0 | N/A | N/A | 0% |
| Thailand | N/A | N/A | 13.6 | N/A | 0% |
| United States | N/A | 8.1 | 12.0 | N/A | 48.1% |
| Turkey | N/A | N/A | 17.6 | N/A | 0% |
| Others | 3.4 | 4.0 | 22.2 | N/A | 155.5% |
| Total | 3.4 | 13.2 | 65.4 | 12.2 | 53.1% |
Top Export Markets for Silver Jewelry from Tanzania in 2022:
- United Arab Emirates (106.0 kg)
- Thailand (1.0 kg)
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