Silver Jewelry Price in Greece - 2023
Contents:
- Silver Jewelry Price in Greece (CIF) - 2022
- Silver Jewelry Price in Greece (FOB) - 2022
- Silver Jewelry Imports in Greece
- Silver Jewelry Exports in Greece
Silver Jewelry Price in Greece (CIF) - 2022
The average silver jewelry import price stood at $411,763 per ton in 2022, jumping by 41% against the previous year. Overall, the import price enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 84% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.
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 Germany ($1,600,467 per ton), while the price for Italy ($68,262 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Jewelry Price in Greece (FOB) - 2022
The average silver jewelry export price stood at $518,770 per ton in 2022, declining by -16.1% against the previous year. In general, the export price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2018 when the average export price increased by 15% against the previous year. As a result, the export price attained the peak level of $1,396 per kg. From 2019 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($890,469 per ton), while the average price for exports to Italy ($74,436 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 Germany (+3.2%), while the prices for the other major destinations experienced a decline.
Silver Jewelry Imports in Greece
Silver jewelry imports into Greece expanded modestly to 71 tons in 2022, with an increase of 3.5% compared with the year before. Overall, imports, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2021 with an increase of 113% against the previous year.
In value terms, silver jewelry imports skyrocketed to $29M in 2022. Over the period under review, imports posted a slight increase. The most prominent rate of growth was recorded in 2021 when imports increased by 55%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Silver Jewelry in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.7 | 3.7 | 5.1 | 9.4 | -1.0% |
| Germany | 2.9 | 3.9 | 6.0 | 8.4 | 42.5% |
| Cyprus | 3.0 | 1.1 | 2.7 | 3.6 | 6.3% |
| Italy | 4.3 | 1.7 | 3.6 | 3.3 | -8.4% |
| Thailand | 1.3 | 0.7 | 0.6 | 1.2 | -2.6% |
| Others | 7.1 | 1.8 | 2.0 | 3.3 | -22.5% |
| Total | 28.1 | 12.9 | 20.0 | 29.1 | 1.2% |
Top Suppliers of Silver Jewelry to Greece in 2022:
- Italy (48.4 tons)
- China (6.3 tons)
- Cyprus (5.8 tons)
- Germany (5.3 tons)
- Thailand (1.6 tons)
Silver Jewelry Exports in Greece
In 2022, approx. 23 tons of silver jewelry were exported from Greece; picking up by 19% on the previous year's figure. Overall, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 72%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, silver jewelry exports reduced to $12M in 2022. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 75% against the previous year.
| Export of Silver Jewelry in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,756 | 1,712 | 3,790 | 4,181 | 14.9% |
| Spain | 4,707 | 2,651 | 3,988 | 2,782 | -16.1% |
| Cyprus | 2,123 | 816 | 1,513 | 1,478 | -11.4% |
| Switzerland | 16.3 | 47.7 | 108 | 384 | 186.7% |
| United Kingdom | 2,169 | 76.9 | 516 | 319 | -47.2% |
| China | 29.1 | 54.5 | 80.9 | 315 | 121.2% |
| Italy | 587 | 230 | 183 | 280 | -21.9% |
| Turkey | 268 | 258 | 224 | 228 | -5.2% |
| Germany | 106 | 90.3 | 98.3 | 152 | 12.8% |
| Belgium | 12.4 | 3.8 | 1.9 | 116 | 110.7% |
| Macao SAR | N/A | 11.9 | 0.9 | 110 | 204.0% |
| Others | 2,056 | 1,010 | 1,653 | 1,803 | -4.3% |
| Total | 14,829 | 6,961 | 12,157 | 12,148 | -6.4% |
Top Export Markets for Silver Jewelry from Greece in 2022:
- United States (4.9 tons)
- Cyprus (4.3 tons)
- Italy (3.8 tons)
- Spain (3.4 tons)
- United Kingdom (0.9 tons)
- Belgium (0.8 tons)
- Macao SAR (0.8 tons)
- Germany (0.6 tons)
- Turkey (0.4 tons)
- Switzerland (0.4 tons)
- China (0.4 tons)
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