Silver Jewelry Price in Uzbekistan - 2023
Contents:
Silver Jewelry Price in Uzbekistan (CIF) - 2023
The average silver jewelry import price stood at $3.3M per ton in May 2023, rising by 15% against the previous month. Overall, the import price enjoyed a pronounced expansion. The pace of growth was the most pronounced in November 2022 an increase of 268% m-o-m. Over the period under review, average import prices reached the peak figure at $5.0M per ton in December 2022; afterwards, it flattened through to May 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($10.1M per ton), while the price for China ($217K per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Italy (+28.8%), while the prices for the other major suppliers experienced a decline.
Silver Jewelry Imports in Uzbekistan
In 2022, silver jewelry imports into Uzbekistan surged to 330 kg, rising by 298% on 2021 figures. Overall, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, silver jewelry imports skyrocketed to $541K in 2022. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Silver Jewelry in Uzbekistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.8 | N/A | 8.7 | 292 | 614.7% |
| Thailand | 0.4 | 0.7 | N/A | 83.5 | 493.2% |
| Germany | 67.9 | 37.1 | 56.5 | 79.4 | 5.4% |
| China | 1.3 | N/A | N/A | 37.3 | 206.1% |
| Russia | 0.5 | 0.6 | 5.2 | 23.2 | 259.3% |
| Turkey | N/A | 1.7 | 18.0 | 13.8 | 184.9% |
| Italy | 0.3 | 1.3 | N/A | 12.4 | 245.8% |
| Hong Kong SAR | 3.6 | 1.4 | 3.4 | N/A | -2.8% |
| Latvia | 5.8 | 0.8 | N/A | N/A | -86.2% |
| Others | 74.5 | 39.2 | 60.3 | N/A | -10.0% |
| Total | 155 | 82.8 | 152 | 541 | 51.7% |
Top Suppliers of Silver Jewelry to Uzbekistan in 2022:
- China (133.0 kg)
- India (130.0 kg)
- Germany (23.0 kg)
- Turkey (17.0 kg)
- Italy (12.0 kg)
- Thailand (10.0 kg)
- Russia (5.0 kg)
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