Silver Jewelry Price in Angola - 2022
Contents:
- Silver Jewelry Price in Angola (CIF) - 2022
- Silver Jewelry Price in Angola (FOB) - 2022
- Silver Jewelry Imports in Angola
- Silver Jewelry Exports in Angola
Silver Jewelry Price in Angola (CIF) - 2022
In 2022, the average silver jewelry import price amounted to $1,036,720 per ton, rising by 32% against the previous year. In general, the import price saw a modest increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by 90%. As a result, import price reached the peak level of $1,655 per kg. From 2014 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($1,955,431 per ton), while the price for Spain ($81,767 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+27.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Jewelry Price in Angola (FOB) - 2022
The average silver jewelry export price stood at $123,000 per ton in 2022, picking up by 265% against the previous year. Over the period under review, the export price, however, showed a deep contraction. The export price peaked at $460,400 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Germany.
From 2015 to 2022, the rate of growth in terms of prices for Germany amounted to +4.2% per year.
Silver Jewelry Imports in Angola
In 2022, the amount of silver jewelry imported into Angola fell notably to 161 kg, which is down by -45.1% compared with the year before. In general, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 98%. As a result, imports reached the peak of 293 kg, and then declined dramatically in the following year.
In value terms, silver jewelry imports declined remarkably to $167K in 2022. Overall, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 121%.
Import of Silver Jewelry in Angola (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Portugal | 151 | 41.2 | 127 | 127 | -5.6% |
Israel | 14.7 | 17.8 | 29.3 | 11.8 | -7.1% |
Belgium | 2.3 | 1.5 | 8.9 | 5.3 | 32.1% |
United Kingdom | 8.5 | 6.1 | 11.4 | 3.8 | -23.5% |
China | 2.3 | 1.3 | 8.3 | 2.8 | 6.8% |
Spain | 10.3 | 8.3 | 9.2 | 2.5 | -37.6% |
United States | 9.9 | 3.3 | 0.7 | 2.1 | -40.4% |
South Africa | 0.1 | 0.8 | 6.2 | 1.8 | 162.1% |
Brazil | 2.8 | 2.8 | 3.7 | 1.3 | -22.6% |
Others | 32.5 | 21.0 | 25.0 | 8.4 | -36.3% |
Total | 234 | 104 | 230 | 167 | -10.6% |
Top Suppliers of Silver Jewelry to Angola in 2022:
- Portugal (65.0 kg)
- Spain (30.0 kg)
- Israel (10.0 kg)
- United Kingdom (9.0 kg)
- China (8.0 kg)
- Brazil (7.0 kg)
- South Africa (7.0 kg)
- United States (6.0 kg)
- Belgium (4.0 kg)
Silver Jewelry Exports in Angola
In 2022, approx. 1 kg of silver jewelry were exported from Angola; which is down by -66.7% on the year before. Overall, exports recorded a sharp reduction.
In value terms, silver jewelry exports soared to $123 in 2022. The total export value increased at an average annual rate of +21.8% over the period from 2021 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Silver Jewelry in Angola (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
Germany | N/A | 123 | 0% | ||
Spain | 14.0 | N/A | 0% | ||
France | 73.0 | N/A | 0% | ||
South Africa | 14.0 | N/A | 0% | ||
Others | N/A | N/A | 0% | ||
Total | 101 | 123 | 21.8% |
Top Export Markets for Silver Jewelry from Angola in 2022:
- Germany (1.0 kg)
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