Silver Jewelry Price in Ecuador - 2022
Contents:
- Silver Jewelry Price in Ecuador (CIF) - 2022
- Silver Jewelry Price in Ecuador (FOB) - 2022
- Silver Jewelry Imports in Ecuador
- Silver Jewelry Exports in Ecuador
Silver Jewelry Price in Ecuador (CIF) - 2022
In 2022, the average silver jewelry import price amounted to $909,044 per ton, with an increase of 7.8% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, silver jewelry import price increased by +31.8% against 2019 indices. The growth pace was the most rapid in 2014 an increase of 36%. Over the period under review, average import prices reached the peak figure at $1,071,416 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
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 Spain ($1,208,385 per ton), while the price for Hong Kong SAR ($52,496 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+26.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Jewelry Price in Ecuador (FOB) - 2022
In 2022, the average silver jewelry export price amounted to $1,813,060 per ton, shrinking by -22.9% against the previous year. Overall, the export price saw a slight curtailment. The pace of growth appeared the most rapid in 2021 when the average export price increased by 81% against the previous year. As a result, the export price attained the peak level of $2,351 per kg, and then reduced remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($6,608,400 per ton), while the average price for exports to Guatemala ($5,222 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 France (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Jewelry Imports in Ecuador
In 2022, the amount of silver jewelry imported into Ecuador shrank notably to 2.3 tons, waning by -17.9% on 2021. Overall, imports faced a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year.
In value terms, silver jewelry imports dropped to $2.1M in 2022. In general, imports faced a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 30%.
| Import of Silver Jewelry in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 983 | 760 | 1,025 | 772 | -7.7% |
| Italy | 489 | 210 | 204 | 321 | -13.1% |
| Colombia | 531 | 173 | 221 | 151 | -34.2% |
| Spain | 20.5 | 20.6 | 39.3 | 126 | 83.2% |
| Mexico | 395 | 25.6 | 33.8 | 62.6 | -45.9% |
| Turkey | 15.5 | 20.4 | 25.8 | 58.1 | 55.3% |
| Peru | 162 | 31.0 | 43.5 | 36.4 | -39.2% |
| India | 29.3 | 32.0 | 36.3 | 26.4 | -3.4% |
| China | 226 | 83.4 | 161 | 10.0 | -64.6% |
| Hong Kong SAR | 20.1 | 6.1 | 0.4 | 6.7 | -30.7% |
| Others | 1,011 | 463 | 583 | 529 | -19.4% |
| Total | 3,881 | 1,826 | 2,374 | 2,100 | -18.5% |
Top Suppliers of Silver Jewelry to Ecuador in 2022:
- Thailand (765.0 kg)
- Italy (333.0 kg)
- Colombia (178.0 kg)
- Hong Kong SAR (127.0 kg)
- Spain (104.0 kg)
- Turkey (91.0 kg)
- Mexico (75.0 kg)
- Peru (73.0 kg)
- China (16.0 kg)
- India (14.0 kg)
Silver Jewelry Exports in Ecuador
In 2022, exports of silver jewelry from Ecuador reduced dramatically to 50 kg, declining by -23.1% compared with 2021. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 195%. As a result, the exports attained the peak of 65 kg, and then shrank sharply in the following year.
In value terms, silver jewelry exports dropped remarkably to $91K in 2022. Over the period under review, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 436% against the previous year. As a result, the exports attained the peak of $153K, and then fell remarkably in the following year.
| Export of Silver Jewelry in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.2 | 13.3 | 60.3 | 33.0 | 26.8% |
| Spain | 1.9 | 2.3 | 41.3 | 22.7 | 128.6% |
| Colombia | 26.5 | 5.5 | 33.0 | 18.1 | -11.9% |
| Chile | 12.5 | 3.0 | 10.4 | 6.8 | -18.4% |
| Panama | 5.3 | 1.3 | 1.0 | 2.2 | -25.4% |
| France | 1.1 | 0.6 | 2.1 | 1.7 | 15.6% |
| United Kingdom | 0.4 | 0.3 | 1.1 | 1.3 | 48.1% |
| Bulgaria | N/A | N/A | N/A | 0.5 | 0% |
| Germany | 0.6 | 0.3 | 0.8 | 0.4 | -12.6% |
| Austria | 0.2 | 0.1 | 0.3 | 0.2 | 0.0% |
| Australia | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Guatemala | N/A | N/A | N/A | N/A | 0% |
| Canada | N/A | N/A | 0.1 | N/A | 0% |
| Others | 5.9 | 1.8 | 2.4 | 3.7 | -14.4% |
| Total | 70.6 | 28.5 | 153 | 90.7 | 8.7% |
Top Export Markets for Silver Jewelry from Ecuador in 2022:
- Guatemala (9.0 kg)
- Spain (8.0 kg)
- Panama (7.0 kg)
- United States (5.0 kg)
- Chile (4.0 kg)
- Colombia (3.0 kg)
- United Kingdom (3.0 kg)
- Canada (1.0 kg)
- Australia (1.0 kg)
- France (1.0 kg)
- Austria (1.0 kg)
- Germany (1.0 kg)
- Bulgaria (1.0 kg)
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