Silver Jewelry Price in Finland - 2023
Contents:
- Silver Jewelry Price in Finland (CIF) - 2022
- Silver Jewelry Price in Finland (FOB) - 2022
- Silver Jewelry Imports in Finland
- Silver Jewelry Exports in Finland
Silver Jewelry Price in Finland (CIF) - 2022
The average silver jewelry import price stood at $1,421,885 per ton in 2022, surging by 44% against the previous year. In general, the import price, however, recorded a slight downturn. The import price peaked at $1,626,464 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Estonia ($2,003,769 per ton), while the price for the United States ($403,608 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+1.4%), while the prices for the other major suppliers experienced a decline.
Silver Jewelry Price in Finland (FOB) - 2022
In 2022, the average silver jewelry export price amounted to $1,861,436 per ton, picking up by 37% against the previous year. Over the period under review, the export price, however, recorded a abrupt contraction. Over the period under review, the average export prices hit record highs at $4,449,303 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($14,368,000 per ton), while the average price for exports to Turkey ($387,000 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 Hong Kong SAR (+12.0%), while the prices for the other major destinations experienced mixed trend patterns.
Silver Jewelry Imports in Finland
In 2022, imports of silver jewelry into Finland contracted dramatically to 5.3 tons, with a decrease of -28.8% compared with the previous year. In general, imports showed a slight setback. The growth pace was the most rapid in 2021 when imports increased by 35% against the previous year. As a result, imports reached the peak of 7.4 tons, and then shrank sharply in the following year.
In value terms, silver jewelry imports amounted to $7.5M in 2022. The total import value increased at an average annual rate of +4.7% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Silver Jewelry in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 345 | 482 | 681 | 1,718 | 70.8% |
| Thailand | 1,213 | 1,079 | 1,728 | 1,701 | 11.9% |
| Italy | 981 | 1,151 | 1,339 | 1,075 | 3.1% |
| Estonia | 637 | 702 | 538 | 920 | 13.0% |
| Germany | 772 | 1,057 | 949 | 812 | 1.7% |
| India | 406 | 343 | 388 | 499 | 7.1% |
| Sweden | 1,518 | 1,124 | 1,037 | 183 | -50.6% |
| United States | 120 | 82.3 | 70.6 | 84.4 | -11.1% |
| Others | 570 | 365 | 617 | 546 | -1.4% |
| Total | 6,563 | 6,387 | 7,347 | 7,539 | 4.7% |
Top Suppliers of Silver Jewelry to Finland in 2022:
- Thailand (1291.0 kg)
- China (1175.0 kg)
- Italy (793.0 kg)
- Estonia (459.0 kg)
- Germany (432.0 kg)
- India (353.0 kg)
- United States (209.0 kg)
- Sweden (92.0 kg)
Silver Jewelry Exports in Finland
In 2022, after three years of growth, there was significant decline in overseas shipments of silver jewelry, when their volume decreased by -46.2% to 452 kg. Overall, exports saw a abrupt slump. The growth pace was the most rapid in 2020 with an increase of 9.4% against the previous year.
In value terms, silver jewelry exports declined notably to $841K in 2022. In general, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 2.8% against the previous year.
| Export of Silver Jewelry in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 232 | 381 | 322 | 177 | -8.6% |
| United States | 163 | 128 | 114 | 136 | -5.9% |
| Sweden | 310 | 172 | 194 | 120 | -27.1% |
| Japan | 2.6 | 7.1 | 20.3 | 103 | 240.9% |
| Germany | 256 | 148 | 128 | 98.3 | -27.3% |
| Norway | 24.0 | 13.1 | 23.6 | 25.6 | 2.2% |
| Australia | 5.5 | 14.1 | 17.7 | 15.9 | 42.5% |
| Hong Kong SAR | 98.1 | 7.4 | 45.8 | 9.3 | -54.4% |
| Turkey | N/A | 0.2 | 1.4 | 3.1 | 293.7% |
| Slovakia | 8.7 | 0.9 | 0.6 | 0.8 | -54.9% |
| South Korea | 136 | 8.2 | N/A | 0.3 | -87.0% |
| Others | 379 | 230 | 273 | 153 | -26.1% |
| Total | 1,615 | 1,109 | 1,140 | 841 | -19.5% |
Top Export Markets for Silver Jewelry from Finland in 2022:
- Estonia (128.0 kg)
- United States (88.0 kg)
- Sweden (80.0 kg)
- Japan (31.0 kg)
- Norway (17.0 kg)
- Germany (13.0 kg)
- Hong Kong SAR (11.0 kg)
- Turkey (8.0 kg)
- Australia (7.0 kg)
- Slovakia (4.0 kg)
- South Korea (1.0 kg)
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