Price for Non-Silver Precious Metal Jewelry in Estonia - 2023

Contents:

  1. Price for Non-Silver Precious Metal Jewelry in Estonia (CIF) - 2022
  2. Price for Non-Silver Precious Metal Jewelry in Estonia (FOB) - 2022
  3. Imports of Non-Silver Precious Metal Jewelry in Estonia
  4. Exports of Non-Silver Precious Metal Jewelry in Estonia

Price for Non-Silver Precious Metal Jewelry in Estonia (CIF) - 2022

In 2022, the average non-silver precious metal jewelry import price amounted to $14,267,303 per ton, falling by -9.3% against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2019 an increase of 39%. The import price peaked at $35,992,381 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($54,653,400 per ton), while the price for Israel ($2,485,380 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Silver Precious Metal Jewelry in Estonia (FOB) - 2022

The average non-silver precious metal jewelry export price stood at $19,451,072 per ton in 2022, reducing by -13.6% against the previous year. In general, the export price, however, posted a measured increase. The growth pace was the most rapid in 2014 an increase of 133% against the previous year. As a result, the export price reached the peak level of $28,305 per kg. From 2015 to 2022, the average 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 Latvia ($52,060,000 per ton), while the average price for exports to Finland ($15,143,958 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 Switzerland (+33.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Silver Precious Metal Jewelry in Estonia

For the fourth year in a row, Estonia recorded growth in supplies from abroad of non-silver precious metal jewelry, which increased by 20% to 1.3 tons in 2022. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 135%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, non-silver precious metal jewelry imports rose sharply to $19M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Non-Silver Precious Metal Jewelry in Estonia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey2.82.43.03.810.7%
LatviaN/A1.51.62.426.5%
Italy1.20.92.22.324.2%
Finland0.50.91.91.956.0%
LithuaniaN/A1.71.31.95.7%
PolandN/A0.40.51.487.1%
Russia1.31.72.30.3-38.7%
IsraelN/AN/A0.10.2100.0%
Norway3.3N/AN/AN/A0%
Others3.62.74.24.68.5%
Total12.812.117.318.813.7%

Top Suppliers of Non-Silver Precious Metal Jewelry to Estonia in 2022:

  1. Finland (538.0 kg)
  2. Lithuania (167.0 kg)
  3. Italy (106.0 kg)
  4. Latvia (95.0 kg)
  5. Poland (92.0 kg)
  6. Turkey (87.0 kg)
  7. Israel (79.0 kg)
  8. Russia (5.0 kg)
  9. Norway (1.0 kg)

Exports of Non-Silver Precious Metal Jewelry in Estonia

In 2022, shipments abroad of non-silver precious metal jewelry increased by 34% to 223 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a sharp setback.

In value terms, non-silver precious metal jewelry exports skyrocketed to $4.3M in 2022. Over the period under review, exports, however, saw a deep setback.

Export of Non-Silver Precious Metal Jewelry in Estonia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Lithuania1,2991,8231,6902,80829.3%
Sweden517369282390-9.0%
Finland24.451.6314363145.9%
Switzerland9149.79.4191-40.7%
Cyprus1,40797.2N/AN/A-93.1%
Germany33021.99.5N/A-83.0%
Turkey3,18013.1N/AN/A-99.6%
Others7661,2041,454585-8.6%
Total8,4373,5903,7594,338-19.9%

Top Export Markets for Non-Silver Precious Metal Jewelry from Estonia in 2022:

  1. Lithuania (146.0 kg)
  2. Finland (24.0 kg)
  3. Sweden (12.0 kg)
  4. Switzerland (10.0 kg)

Source: IndexBox Market Intelligence Platform

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Free Data: Non-Silver Precious Metal Jewelry - Estonia