Silver Jewelry Price in Jordan - 2022

Contents:

1. Silver Jewelry Price in Jordan (CIF) - 2022
2. Silver Jewelry Price in Jordan (FOB) - 2022
3. Silver Jewelry Imports in Jordan
4. Silver Jewelry Exports in Jordan

Silver Jewelry Price in Jordan (CIF) - 2022

The average silver jewelry import price stood at $877,000 per ton in 2022, picking up by 4.8% against the previous year. Over the period under review, the import price, however, continues to indicate a slight contraction. The pace of growth was the most pronounced in 2016 an increase of 18%. The import price peaked at $1,054,225 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Thailand ($2,557,224 per ton), while the price for Canada ($4,485 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+10.0%), while the prices for the other major suppliers experienced a decline.

Silver Jewelry Price in Jordan (FOB) - 2022

The average silver jewelry export price stood at $2,691,765 per ton in 2022, rising by 6.7% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, silver jewelry export price increased by +4.5% against 2018 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($4,036,773 per ton), while the average price for exports to Turkey ($458,333 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 Cyprus (+73.8%), while the prices for the other major destinations experienced more modest paces of growth.

Silver Jewelry Imports in Jordan

In 2022, the amount of silver jewelry imported into Jordan reduced to 9.8 tons, with a decrease of -14.1% on the previous year. Overall, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 122% against the previous year. As a result, imports attained the peak of 11 tons, and then dropped in the following year.

In value terms, silver jewelry imports fell to $8.6M in 2022. Over the period under review, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 133%. As a result, imports reached the peak of $9.5M, and then shrank in the following year.

Top Suppliers of Silver Jewelry to Jordan in 2022:

1. Italy (2.7 tons)
2. China (2.4 tons)
3. Turkey (1.7 tons)
4. Thailand (0.5 tons)
5. Canada (0.1 tons)

Silver Jewelry Exports in Jordan

In 2022, overseas shipments of silver jewelry were finally on the rise to reach 2.3 tons after two years of decline. Overall, exports saw a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, silver jewelry exports surged to $6.2M in 2022. In general, exports saw a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Silver Jewelry from Jordan in 2022:

1. United States (394.0 kg)
2. Italy (127.0 kg)
3. Israel (42.0 kg)
4. India (34.0 kg)
5. Austria (22.0 kg)
6. Thailand (22.0 kg)
7. Turkey (12.0 kg)

Source: IndexBox Market Intelligence Platform