Silver Jewelry Price in Indonesia - 2022
Contents:
- Silver Jewelry Price in Indonesia (FOB) - 2022
- Silver Jewelry Price in Indonesia (CIF) - 2022
- Silver Jewelry Exports in Indonesia
- Silver Jewelry Imports in Indonesia
Silver Jewelry Price in Indonesia (FOB) - 2022
The average silver jewelry export price stood at $883K per ton in March 2022, almost unchanged from the previous month. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2021 an increase of 26% m-o-m. As a result, the export price reached the peak level of $1.1M per ton. From November 2021 to March 2022, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In March 2022, the country with the highest price was the Netherlands ($1.9M per ton), while the average price for exports to Singapore ($161K per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Jewelry Price in Indonesia (CIF) - 2022
In 2022, the average silver jewelry import price amounted to $429,713 per ton, growing by 69% against the previous year. Over the period under review, the import price posted a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,269,361 per ton), while the price for China ($98,566 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Jewelry Exports in Indonesia
In 2022, approx. 102 tons of silver jewelry were exported from Indonesia; almost unchanged from the previous year's figure. The total export volume increased at an average annual rate of +6.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. As a result, the exports reached the peak of 103 tons, leveling off in the following year.
In value terms, silver jewelry exports rose markedly to $94M in 2022. The total export value increased at an average annual rate of +8.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.
| Export of Silver Jewelry in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 27.6 | 25.6 | 32.5 | 33.8 | 7.0% |
| Singapore | 18.7 | 7.9 | 14.6 | 15.2 | -6.7% |
| Germany | 7.2 | 8.2 | 9.8 | 10.3 | 12.7% |
| Thailand | 2.6 | 2.6 | 2.7 | 2.9 | 3.7% |
| Netherlands | 1.7 | 1.9 | 2.3 | 2.4 | 12.2% |
| France | 0.7 | 1.8 | 2.1 | 2.2 | 46.5% |
| Hong Kong SAR | 2.8 | 1.1 | 1.0 | 1.7 | -15.3% |
| China | 1.2 | 0.8 | 1.4 | 1.5 | 7.7% |
| United Kingdom | 0.5 | 1.7 | 1.3 | 1.4 | 40.9% |
| Canada | 0.1 | 0.5 | 1.3 | 1.3 | 135.1% |
| Others | 10.0 | 14.5 | 20.4 | 21.5 | 29.1% |
| Total | 73.0 | 66.6 | 89.5 | 94.1 | 8.8% |
Top Export Markets for Silver Jewelry from Indonesia in 2022:
- United States (36.3 tons)
- Singapore (35.6 tons)
- Germany (12.9 tons)
- China (2.9 tons)
- France (2.3 tons)
- Canada (1.8 tons)
- United Kingdom (1.6 tons)
- Thailand (1.5 tons)
- Netherlands (1.3 tons)
- Hong Kong SAR (1.0 tons)
Silver Jewelry Imports in Indonesia
In 2022, approx. 9.7 tons of silver jewelry were imported into Indonesia; which is down by -38.3% compared with 2021. Over the period under review, imports saw a sharp descent. The growth pace was the most rapid in 2021 when imports increased by 16% against the previous year.
In value terms, silver jewelry imports expanded modestly to $4.2M in 2022. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 18%.
| Import of Silver Jewelry in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,673 | 947 | 1,627 | 1,412 | -5.5% |
| Thailand | 2,364 | 859 | 896 | 1,174 | -20.8% |
| China | 478 | 204 | 402 | 349 | -10.0% |
| United States | 564 | 322 | 239 | 321 | -17.1% |
| Hong Kong SAR | 597 | 265 | 186 | 299 | -20.6% |
| South Korea | 133 | 103 | 205 | 178 | 10.2% |
| Singapore | 0.2 | 74.5 | 45.7 | 39.6 | 482.8% |
| Others | 283 | 601 | 370 | 378 | 10.1% |
| Total | 6,093 | 3,376 | 3,971 | 4,151 | -12.0% |
Top Suppliers of Silver Jewelry to Indonesia in 2022:
- China (3.5 tons)
- Thailand (2.7 tons)
- Germany (1.1 tons)
- Hong Kong SAR (0.6 tons)
- United States (0.5 tons)
- Singapore (0.2 tons)
- South Korea (0.2 tons)
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