Silver Jewelry Price in New Zealand - 2024
Contents:
- Silver Jewelry Price in New Zealand (CIF) - 2022
- Silver Jewelry Price in New Zealand (FOB) - 2022
- Silver Jewelry Imports in New Zealand
- Silver Jewelry Exports in New Zealand
Silver Jewelry Price in New Zealand (CIF) - 2022
The average silver jewelry import price stood at $4,274,681 per ton in 2022, rising by 46% against the previous year. Over the period under review, the import price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 98% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Thailand ($4,341,181 per ton) and India ($4,328,657 per ton), while the price for the United States ($3,765,859 per ton) and Australia ($4,085,478 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Jewelry Price in New Zealand (FOB) - 2022
The average silver jewelry export price stood at $1,310,270 per ton in 2022, reducing by -9.5% against the previous year. In general, the export price recorded a noticeable downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by 20%. The export price peaked at $2,137,163 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was French Polynesia ($6,000,550 per ton), while the average price for exports to Thailand ($850,484 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 French Polynesia (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Jewelry Imports in New Zealand
In 2022, after two years of decline, there was significant growth in purchases abroad of silver jewelry, when their volume increased by 47% to 5.1 tons. Over the period under review, imports, however, faced a sharp descent.
In value terms, silver jewelry imports surged to $22M in 2022. Overall, imports showed mild growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Silver Jewelry in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 12.9 | 13.7 | 6.5 | 14.1 | 3.0% |
| Italy | 2.4 | 1.6 | 1.1 | 2.3 | -1.4% |
| China | 2.2 | 1.5 | 0.9 | 2.1 | -1.5% |
| India | 1.2 | 1.1 | 0.6 | 1.3 | 2.7% |
| United States | 0.8 | 0.5 | 0.3 | 0.6 | -9.1% |
| Australia | 0.3 | 0.3 | 0.2 | 0.3 | 0.0% |
| Others | 1.0 | 0.9 | 0.5 | 1.0 | 0.0% |
| Total | 20.8 | 19.6 | 10.1 | 21.7 | 1.4% |
Top Suppliers of Silver Jewelry to New Zealand in 2022:
- Thailand (3245.0 kg)
- Italy (544.0 kg)
- China (491.0 kg)
- India (300.0 kg)
- United States (156.0 kg)
- Australia (69.0 kg)
Silver Jewelry Exports in New Zealand
In 2022, overseas shipments of silver jewelry increased by 15% to 2.9 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a perceptible contraction.
In value terms, silver jewelry exports rose to $3.7M in 2022. In general, exports, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2020 with an increase of 4.4%. As a result, the exports reached the peak of $4.3M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Silver Jewelry in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 2.7 | 2.5 | 2.4 | 1.6 | -16.0% |
| Thailand | 0.9 | 1.5 | 1.0 | 1.2 | 10.1% |
| Canada | N/A | N/A | N/A | 0.3 | 0% |
| Others | 0.5 | 0.3 | 0.2 | 0.6 | 6.3% |
| Total | 4.1 | 4.3 | 3.6 | 3.7 | -3.4% |
Top Export Markets for Silver Jewelry from New Zealand in 2022:
- Thailand (1430.0 kg)
- Australia (1070.0 kg)
- Canada (153.0 kg)
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