Silver Jewelry Price in China - 2023
Contents:
- Silver Jewelry Price in China (FOB) - 2023
- Silver Jewelry Price in China (CIF) - 2023
- Silver Jewelry Exports in China
- Silver Jewelry Imports in China
Silver Jewelry Price in China (FOB) - 2023
The average silver jewelry export price stood at $1.2M per ton in June 2023, rising by 18% against the previous month. Over the period under review, the export price, however, recorded a noticeable descent. The pace of growth appeared the most rapid in February 2023 an increase of 46% month-to-month. The export price peaked at $1.9M per ton in August 2022; afterwards, it flattened through to June 2023.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Italy ($1.7M per ton), while the average price for exports to the Netherlands ($97,749 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Jewelry Price in China (CIF) - 2023
The average silver jewelry import price stood at $4.1M per ton in June 2023, surging by 3% against the previous month. Overall, import price indicated a moderate increase from June 2022 to June 2023: its price increased at an average monthly rate of +3.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, silver jewelry import price decreased by -14.3% against March 2023 indices. The pace of growth was the most pronounced in January 2023 an increase of 52% against the previous month. The import price peaked at $4.8M per ton in March 2023; afterwards, it flattened through to June 2023.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($8.9M per ton), while the price for Monaco ($332K per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Jewelry Exports in China
After three years of growth, overseas shipments of silver jewelry decreased by -66.9% to 744 tons in 2022. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 246% against the previous year. As a result, the exports attained the peak of 2.2K tons, and then declined significantly in the following year.
In value terms, silver jewelry exports declined notably to $923M in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 213%. As a result, the exports reached the peak of $2.2B, and then declined dramatically in the following year.
| Export of Silver Jewelry in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 191 | 193 | 279 | 249 | 9.2% |
| United Kingdom | 18.4 | 14.9 | 23.7 | 26.7 | 13.2% |
| Italy | 7.9 | 8.9 | 18.4 | 22.6 | 42.0% |
| Germany | 14.3 | 15.0 | 23.6 | 22.1 | 15.6% |
| France | 17.9 | 17.9 | 25.8 | 18.5 | 1.1% |
| Spain | 6.8 | 6.4 | 16.3 | 17.7 | 37.6% |
| Thailand | 15.4 | 12.1 | 13.3 | 15.6 | 0.4% |
| Turkey | 3.2 | 4.4 | 18.3 | 6.5 | 26.6% |
| Israel | 1.7 | 1.7 | 3.8 | 4.4 | 37.3% |
| Panama | 3.3 | 0.8 | 3.5 | 3.4 | 1.0% |
| Netherlands | 0.6 | 2.4 | 3.7 | 3.1 | 72.9% |
| Sweden | 0.4 | 0.7 | 0.8 | 3.0 | 95.7% |
| Russia | 3.0 | 3.3 | 6.6 | 3.0 | 0.0% |
| Others | 251 | 426 | 1,774 | 527 | 28.0% |
| Total | 534 | 707 | 2,211 | 923 | 20.0% |
Top Export Markets for Silver Jewelry from China in 2022:
- United States (210.1 tons)
- United Kingdom (28.7 tons)
- Thailand (22.3 tons)
- Germany (20.6 tons)
- Italy (14.2 tons)
- Spain (13.4 tons)
- Turkey (10.7 tons)
- Israel (8.1 tons)
- Sweden (8.1 tons)
- Russia (7.7 tons)
- Netherlands (7.6 tons)
- France (6.7 tons)
- Panama (6.6 tons)
Silver Jewelry Imports in China
Silver jewelry imports into China fell dramatically to 55 tons in 2022, with a decrease of -18% on 2021 figures. In general, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 0.5%.
In value terms, silver jewelry imports dropped to $187M in 2022. Overall, imports showed a abrupt descent. The smallest decline of -1.3% was in 2021.
| Import of Silver Jewelry in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 172 | 118 | 78.0 | 74.9 | -24.2% |
| Italy | 21.4 | 32.7 | 65.0 | 58.6 | 39.9% |
| United States | 11.1 | 9.4 | 11.2 | 8.8 | -7.4% |
| India | 2.6 | 1.7 | 4.8 | 4.1 | 16.4% |
| Monaco | N/A | 7.9 | 5.4 | 3.4 | -34.4% |
| Germany | 2.4 | 2.3 | 1.7 | 2.0 | -5.9% |
| Australia | 1.7 | 1.1 | 1.6 | 1.5 | -4.1% |
| Switzerland | 1.3 | 0.9 | 1.1 | 1.3 | 0.0% |
| Austria | 4.9 | 4.6 | 3.0 | 0.9 | -43.2% |
| Hong Kong SAR | 3.7 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 4.2 | 0.4 | N/A | N/A | -90.5% |
| Others | 13.5 | 42.4 | 47.1 | 31.7 | 32.9% |
| Total | 239 | 222 | 219 | 187 | -7.9% |
Top Suppliers of Silver Jewelry to China in 2022:
- United Arab Emirates (undefined tons)
- Thailand (16.6 tons)
- Italy (15.8 tons)
- India (2.9 tons)
- United States (2.3 tons)
- Monaco (2.0 tons)
- Australia (1.2 tons)
- Germany (1.1 tons)
- Switzerland (0.8 tons)
- Austria (0.6 tons)
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