Silver Jewelry Price in Turkey - 2023
Contents:
- Silver Jewelry Price in Turkey (FOB) - 2023
- Silver Jewelry Price in Turkey (CIF) - 2023
- Silver Jewelry Exports in Turkey
- Silver Jewelry Imports in Turkey
Silver Jewelry Price in Turkey (FOB) - 2023
In July 2023, the average silver jewelry export price amounted to $912K per ton, declining by -8.1% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 9.3% month-to-month. The export price peaked at $993K per ton in June 2023, and then declined in the following month.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Germany ($1.7M per ton), while the average price for exports to France ($747K per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Jewelry Price in Turkey (CIF) - 2023
The average silver jewelry import price stood at $927K per ton in July 2023, with an increase of 8% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 when the average import price increased by 25% m-o-m. Over the period under review, average import prices hit record highs at $1.1M per ton in February 2023; however, from March 2023 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($1.2M per ton), while the price for China ($753K per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Jewelry Exports in Turkey
In 2022, approx. 152 tons of silver jewelry were exported from Turkey; picking up by 5.4% compared with 2021 figures. Overall, total exports indicated a pronounced increase from 2019 to 2022: its volume increased at an average annual rate of +4.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 72%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, silver jewelry exports rose modestly to $143M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +9.6% 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 +90.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 83%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Silver Jewelry in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.5 | 8.0 | 18.7 | 15.6 | 18.0% |
| Iraq | 11.2 | 7.0 | 10.6 | 12.0 | 2.3% |
| Egypt | 4.2 | 12.4 | 20.3 | 10.2 | 34.4% |
| Libya | 10.1 | 2.1 | 5.8 | 9.9 | -0.7% |
| Romania | 6.0 | 4.9 | 8.3 | 9.2 | 15.3% |
| Germany | 12.4 | 5.2 | 10.7 | 7.9 | -14.0% |
| Kyrgyzstan | 1.9 | 1.5 | 3.5 | 4.2 | 30.3% |
| Panama | 2.2 | 1.1 | 3.1 | 4.1 | 23.1% |
| United Arab Emirates | 1.4 | 0.8 | 1.5 | 4.0 | 41.9% |
| Serbia | 1.3 | 2.8 | 4.9 | 3.9 | 44.2% |
| Spain | 3.8 | 1.0 | 1.8 | 3.1 | -6.6% |
| Thailand | 2.8 | 0.8 | 0.7 | 2.5 | -3.7% |
| Nigeria | 2.7 | 1.7 | 3.0 | 2.4 | -3.9% |
| Others | 38.7 | 25.6 | 44.3 | 53.5 | 11.4% |
| Total | 108 | 74.8 | 137 | 143 | 9.8% |
Top Export Markets for Silver Jewelry from Turkey in 2022:
- United States (15.8 tons)
- Iraq (15.5 tons)
- Egypt (15.4 tons)
- Libya (13.7 tons)
- Romania (6.7 tons)
- Kyrgyzstan (5.9 tons)
- Germany (4.9 tons)
- United Arab Emirates (4.8 tons)
- Panama (4.8 tons)
- Serbia (4.5 tons)
- Spain (3.6 tons)
- Thailand (3.4 tons)
- Nigeria (3.3 tons)
Silver Jewelry Imports in Turkey
In 2022, overseas purchases of silver jewelry were finally on the rise to reach 52 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a abrupt contraction.
In value terms, silver jewelry imports soared to $49M in 2022. Overall, imports, however, showed a pronounced descent.
| Import of Silver Jewelry in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 29.6 | 12.0 | 14.2 | 17.9 | -15.4% |
| Thailand | 10.1 | 7.5 | 7.6 | 14.5 | 12.8% |
| Italy | 7.9 | 7.6 | 10.3 | 12.5 | 16.5% |
| India | 0.8 | 0.3 | 0.3 | 0.7 | -4.4% |
| Others | 5.7 | 6.6 | 2.8 | 3.3 | -16.7% |
| Total | 54.1 | 34.0 | 35.1 | 49.0 | -3.2% |
Top Suppliers of Silver Jewelry to Turkey in 2022:
- China (25.6 tons)
- Italy (14.4 tons)
- Thailand (8.7 tons)
- India (0.9 tons)
279
This report provides an in-depth analysis of the articles of jewellery market in Turkey.
1335
This report provides an in-depth analysis of the jewelry market in Turkey.
454
This report provides an in-depth analysis of the motorcycle and scooter market in Turkey.
2574
This report provides an in-depth analysis of the market for motorcycle, scooter and side-car in Turkey.
486
Global Articles Of Jewellery Market Report 2018. This report provides an in-depth analysis of the global articles of jewellery market.
4254
This report provides an in-depth analysis of the global jewelry market.
421
This report provides an in-depth analysis of the global motorcycle and scooter market.
3193
This report provides an in-depth analysis of the global market for motorcycle, scooter and side-car.
279
This report provides an in-depth analysis of the articles of jewellery market in Turkey.
1335
This report provides an in-depth analysis of the jewelry market in Turkey.
282
Jewelry exports experienced a significant downturn in July 2023, falling to a value of $611M.
301
Explore the top import markets for jewelry worldwide, including Hong Kong SAR, United Arab Emirates, United States, Switzerland, and more. Discover key statistics and insights from the IndexBox market intelligence platform.
1597
Global jewelry imports stood at X tons in 2016, rising by X% against the previous year figure. Overall, jewelry imports continue to indicate a relatively flat trend pattern. The pace of growth was...
320
In recent years, the global demand for motorcycles and scooters has been steadily increasing. These vehicles offer an affordable and convenient mode of transportation, making them popular in both developed and developing countries. In this article, we will explore the top import markets for motorcycles and scooters and provide key statistics.
353
Explore the world's best import markets for motorcycles, scooters, and side-cars. Discover the top countries with high import values, including the United States, Germany, France, and more.
5532
In 2016, approx. X tons of motorcycle and scooter were imported worldwide- coming up by X% against the previous year level. In general, motorcycle and scooter imports continue to indicate a relat...
1365
In 2016, approx. X tons of motorcycle and scooter were imported worldwide- coming up by X% against the previous year level. In general, motorcycle and scooter imports continue to indicate a relat...
1166
From 2007 to 2014, the global motorcycle and scooter market showed mixed dynamics. A slight decrease in 2009 (-X% Y-o-Y) was followed by a X% increase in 2010. Over the next three years, the market gradually increased to X million units. In value te
1373
A lower costs policy coupled with the launching of new products is expected to double the Japanese Yamaha Motor Co.'s motorcycle profit margin by 2018. According to the Japan Times, Yamaha aims to increase their overall margin to X% by 2018. Hiroyuki
282
Jewelry exports experienced a significant downturn in July 2023, falling to a value of $611M.
