Silver Jewelry Price in Estonia - 2023

Contents:

1. Silver Jewelry Price in Estonia (CIF) - 2022
2. Silver Jewelry Price in Estonia (FOB) - 2022
3. Silver Jewelry Imports in Estonia
4. Silver Jewelry Exports in Estonia

Silver Jewelry Price in Estonia (CIF) - 2022

In 2022, the average silver jewelry import price amounted to $1,956,684 per ton, waning by -18.4% against the previous year. In general, the import price recorded a perceptible decrease. The pace of growth was the most pronounced in 2017 when the average import price increased by 69%. The import price peaked at $3,101,334 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($4,036,235 per ton), while the price for Finland ($613,884 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Silver Jewelry Price in Estonia (FOB) - 2022

The average silver jewelry export price stood at $1,375,133 per ton in 2022, growing by 2.8% against the previous year. In general, the export price saw a perceptible expansion. The most prominent rate of growth was recorded in 2019 an increase of 212%. The export price peaked at $2,124,129 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($2,684,488 per ton), while the average price for exports to Germany ($357,206 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 Latvia (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Silver Jewelry Imports in Estonia

Silver jewelry imports into Estonia skyrocketed to 2.4 tons in 2022, increasing by 17% on 2021. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +5.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 57% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, silver jewelry imports fell to $4.6M in 2022. The total import value increased at an average annual rate of +3.4% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 27% against the previous year. As a result, imports reached the peak of $4.9M, and then contracted modestly in the following year.

Top Suppliers of Silver Jewelry to Estonia in 2022:

1. Finland (1110.0 kg)
2. China (366.0 kg)
3. Thailand (251.0 kg)
4. Italy (186.0 kg)
5. Turkey (99.0 kg)
6. Germany (58.0 kg)
7. India (55.0 kg)
8. Hong Kong SAR (43.0 kg)
9. Russia (36.0 kg)

Silver Jewelry Exports in Estonia

In 2022, exports of silver jewelry from Estonia soared to 865 kg, picking up by 27% on 2021. Overall, exports, however, saw a deep downturn.

In value terms, silver jewelry exports skyrocketed to $1.2M in 2022. Over the period under review, exports, however, saw a deep setback.

Top Export Markets for Silver Jewelry from Estonia in 2022:

1. Finland (561.0 kg)
2. Sweden (192.0 kg)
3. Germany (63.0 kg)
4. Lithuania (41.0 kg)
5. Latvia (21.0 kg)
6. Portugal (1.0 kg)

Source: IndexBox Market Intelligence Platform