Silver Jewelry Price in Croatia - 2023
Contents:
- Silver Jewelry Price in Croatia (CIF) - 2023
- Silver Jewelry Price in Croatia (FOB) - 2022
- Silver Jewelry Imports in Croatia
- Silver Jewelry Exports in Croatia
Silver Jewelry Price in Croatia (CIF) - 2023
In June 2023, the average silver jewelry import price amounted to $2.5M per ton, picking up by 20% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.2%. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 23% month-to-month. Over the period under review, average import prices reached the peak figure at $2.6M per ton in April 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 Netherlands ($3.5M per ton), while the price for Germany ($773K 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 Netherlands (+23.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Jewelry Price in Croatia (FOB) - 2022
The average silver jewelry export price stood at $1,051,020 per ton in 2022, growing by 804% against the previous year. Over the period under review, the export price, however, showed a abrupt setback. Over the period under review, the average export prices reached the peak figure at $4,500,217 per ton in 2012; however, from 2013 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 Bosnia and Herzegovina ($2,115,652 per ton), while the average price for exports to Italy ($462,475 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 the UK (+22.9%), while the prices for the other major destinations experienced a decline.
Silver Jewelry Imports in Croatia
Silver jewelry imports into Croatia surged to 5 tons in 2022, increasing by 36% compared with the previous year's figure. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +14.0% 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 +84.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, silver jewelry imports surged to $9.9M in 2022. Overall, imports recorded a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 50%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Silver Jewelry in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 2,365 | 2,158 | 2,990 | 3,856 | 17.7% |
| Italy | 1,998 | 1,790 | 2,509 | 3,125 | 16.1% |
| China | 306 | 118 | 864 | 1,341 | 63.6% |
| Turkey | 575 | 457 | 551 | 726 | 8.1% |
| Thailand | 148 | 103 | 174 | 240 | 17.5% |
| Germany | 116 | 104 | 141 | 140 | 6.5% |
| Netherlands | N/A | 0.3 | 1.3 | 86.4 | 1597.1% |
| Others | 428 | 248 | 261 | 399 | -2.3% |
| Total | 5,935 | 4,979 | 7,490 | 9,913 | 18.6% |
Top Suppliers of Silver Jewelry to Croatia in 2022:
- Poland (1432.0 kg)
- Italy (1409.0 kg)
- China (817.0 kg)
- Turkey (412.0 kg)
- Germany (276.0 kg)
- Thailand (263.0 kg)
- Netherlands (220.0 kg)
Silver Jewelry Exports in Croatia
Silver jewelry exports from Croatia fell sharply to 298 kg in 2022, waning by -87.4% against the year before. In general, exports showed a precipitous curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 457% against the previous year. As a result, the exports attained the peak of 2.4 tons, and then contracted dramatically in the following year.
In value terms, silver jewelry exports rose remarkably to $313K in 2022. Over the period under review, exports saw a precipitous descent.
| Export of Silver Jewelry in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 19.4 | 9.9 | 12.6 | 56.4 | 42.7% |
| Bosnia and Herzegovina | 167 | 253 | 104 | 48.7 | -33.7% |
| Serbia | 12.3 | 1.0 | 32.6 | 30.0 | 34.6% |
| Germany | 1.4 | 43.9 | 57.4 | 25.8 | 164.1% |
| United Kingdom | 1.1 | 5.1 | 0.3 | 22.6 | 173.9% |
| Slovenia | 188 | 121 | 12.5 | 21.7 | -51.3% |
| Switzerland | 111 | 10.3 | 7.8 | 14.9 | -48.8% |
| Czech Republic | 25.9 | 49.2 | 8.7 | 7.4 | -34.1% |
| Turkey | 21.2 | N/A | N/A | N/A | 0% |
| Others | 85.4 | 32.3 | 38.9 | 85.7 | 0.1% |
| Total | 632 | 526 | 275 | 313 | -20.9% |
Top Export Markets for Silver Jewelry from Croatia in 2022:
- Italy (122.0 kg)
- United Kingdom (32.0 kg)
- Serbia (24.0 kg)
- Bosnia and Herzegovina (23.0 kg)
- Slovenia (19.0 kg)
- Germany (16.0 kg)
- Switzerland (12.0 kg)
- Czech Republic (6.0 kg)
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