Silver Jewelry Price in Kenya - 2021
Contents:
- Silver Jewelry Price in Kenya (CIF) - 2022
- Silver Jewelry Price in Kenya (FOB) - 2022
- Silver Jewelry Imports in Kenya
- Silver Jewelry Exports in Kenya
Silver Jewelry Price in Kenya (CIF) - 2022
In 2022, the average silver jewelry import price amounted to $801,639 per ton, approximately equating the previous year. Overall, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +10.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, silver jewelry import price increased by +38.4% against 2016 indices. The growth pace was the most rapid in 2013 when the average import price increased by 99%. Over the period under review, average import prices reached the peak figure at $829,088 per ton in 2015; however, from 2016 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 Zimbabwe ($3,391,216 per ton), while the price for Ethiopia ($69,647 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Jewelry Price in Kenya (FOB) - 2022
In 2022, the average silver jewelry export price amounted to $187,200 per ton, shrinking by -6.4% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 70%. The export price peaked at $367,600 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($901,000 per ton), while the average price for exports to Poland ($4,000 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 Japan (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Jewelry Imports in Kenya
Silver jewelry imports into Kenya dropped to 7.3 tons in 2022, with a decrease of -5.3% against 2021 figures. Over the period under review, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 9.7%.
In value terms, silver jewelry imports declined to $5.9M in 2022. Overall, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 11%.
| Import of Silver Jewelry in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 5,039 | 4,179 | 3,796 | 2,841 | -17.4% |
| Turkey | 229 | 44.1 | 13.7 | 647 | 41.4% |
| Zimbabwe | 523 | 159 | 391 | 644 | 7.2% |
| China | 291 | 50.1 | 134 | 285 | -0.7% |
| Germany | 15.8 | 2.1 | 6.1 | 116 | 94.4% |
| United Kingdom | 334 | 4.2 | 13.6 | 49.6 | -47.0% |
| Ethiopia | 13.1 | 11.8 | 11.6 | 9.5 | -10.2% |
| Others | 1,671 | 1,102 | 1,819 | 1,276 | -8.6% |
| Total | 8,116 | 5,553 | 6,184 | 5,869 | -10.2% |
Top Suppliers of Silver Jewelry to Kenya in 2022:
- United Arab Emirates (5779.0 kg)
- China (257.0 kg)
- Turkey (224.0 kg)
- Zimbabwe (190.0 kg)
- Germany (137.0 kg)
- Ethiopia (136.0 kg)
- United Kingdom (51.0 kg)
Silver Jewelry Exports in Kenya
In 2022, shipments abroad of silver jewelry was finally on the rise to reach 55 kg after two years of decline. Overall, exports, however, recorded a deep contraction.
In value terms, silver jewelry exports skyrocketed to $10K in 2022. In general, exports, however, showed a sharp curtailment.
| Export of Silver Jewelry in Kenya (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,038 | 182 | 2,144 | 2,236 | 29.1% |
| United Kingdom | 5,143 | 2,101 | 122 | 1,320 | -36.4% |
| Japan | 1,675 | 1,135 | 923 | 901 | -18.7% |
| Uganda | 694 | 835 | 521 | 590 | -5.3% |
| Rwanda | 16.0 | 44.0 | 63.0 | 431 | 199.8% |
| Belgium | 849 | 781 | 373 | 323 | -27.5% |
| Canada | 321 | 396 | 254 | 296 | -2.7% |
| Singapore | N/A | 269 | 271 | 292 | 4.2% |
| Denmark | 247 | 266 | 148 | 155 | -14.4% |
| France | 180 | 203 | 118 | 124 | -11.7% |
| Ireland | N/A | N/A | N/A | 73.0 | 0% |
| Estonia | N/A | N/A | N/A | 6.0 | 0% |
| Poland | N/A | N/A | N/A | 4.0 | 0% |
| Others | 10,252 | 6,370 | 3,067 | 3,545 | -29.8% |
| Total | 20,415 | 12,582 | 8,004 | 10,296 | -20.4% |
Top Export Markets for Silver Jewelry from Kenya in 2022:
- United Kingdom (19.0 kg)
- United States (6.0 kg)
- Uganda (5.0 kg)
- Singapore (2.0 kg)
- Rwanda (2.0 kg)
- Ireland (2.0 kg)
- Canada (1.0 kg)
- Estonia (1.0 kg)
- Denmark (1.0 kg)
- Poland (1.0 kg)
- France (1.0 kg)
- Belgium (1.0 kg)
- Japan (1.0 kg)
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