Silver Jewelry Price in Kazakhstan - 2021
Contents:
- Silver Jewelry Price in Kazakhstan (CIF) - 2022
- Silver Jewelry Price in Kazakhstan (FOB) - 2022
- Silver Jewelry Imports in Kazakhstan
- Silver Jewelry Exports in Kazakhstan
Silver Jewelry Price in Kazakhstan (CIF) - 2022
The average silver jewelry import price stood at $199,980 per ton in 2022, declining by -6.3% against the previous year. In general, the import price recorded a abrupt setback. The growth pace was the most rapid in 2016 when the average import price increased by 27% against the previous year. Over the period under review, average import prices hit record highs at $646,581 per ton in 2012; however, from 2013 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 Thailand ($483,332 per ton), while the price for Russia ($135,788 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-12.7%), while the prices for the other major suppliers experienced a decline.
Silver Jewelry Price in Kazakhstan (FOB) - 2022
The average silver jewelry export price stood at $2,926,215 per ton in 2022, increasing by 5.9% against the previous year. Overall, the export price enjoyed a slight increase. The pace of growth appeared the most rapid in 2016 an increase of 106%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($4,014,667 per ton), while the average price for exports to Turkey ($629,892 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 Russia (+9.8%).
Silver Jewelry Imports in Kazakhstan
In 2022, imports of silver jewelry into Kazakhstan skyrocketed to 63 tons, growing by 31% on the previous year's figure. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 177% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, silver jewelry imports surged to $13M in 2022. Over the period under review, imports, however, showed a mild shrinkage. The growth pace was the most rapid in 2021 with an increase of 66% against the previous year.
| Import of Silver Jewelry in Kazakhstan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 6.5 | 3.2 | 6.4 | 7.4 | 4.4% |
| Thailand | 5.2 | 2.2 | 2.8 | 3.1 | -15.8% |
| Turkey | N/A | N/A | N/A | 0.1 | 0% |
| Others | 1.4 | 0.8 | 1.1 | 2.1 | 14.5% |
| Total | 13.1 | 6.2 | 10.3 | 12.6 | -1.3% |
Top Suppliers of Silver Jewelry to Kazakhstan in 2022:
- Russia (54.2 tons)
- Thailand (6.3 tons)
- Turkey (1.0 tons)
Silver Jewelry Exports in Kazakhstan
In 2022, the amount of silver jewelry exported from Kazakhstan skyrocketed to 349 kg, increasing by 359% on 2021. In general, exports recorded a significant increase. 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 $1M in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 405% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Silver Jewelry in Kazakhstan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 104 | 41.5 | 198 | 941 | 108.4% |
| Canada | N/A | N/A | N/A | 24.1 | 0% |
| Turkey | N/A | N/A | 1.3 | 23.3 | 1692.3% |
| Others | 30.9 | 0.1 | 10.4 | 32.5 | 1.7% |
| Total | 135 | 41.6 | 210 | 1,021 | 96.3% |
Top Export Markets for Silver Jewelry from Kazakhstan in 2022:
- Russia (298.0 kg)
- Turkey (37.0 kg)
- Canada (6.0 kg)
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