Silver Jewelry Price in Paraguay - 2023
Contents:
Silver Jewelry Price in Paraguay (CIF) - 2022
In 2022, the average silver jewelry import price amounted to $664,471 per ton, with a decrease of -16.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2021 an increase of 27%. As a result, import price reached the peak level of $798,256 per ton, and then shrank dramatically in the following year.
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 the United States ($5,743,462 per ton), while the price for Greece ($200,391 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+108.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Jewelry Imports in Paraguay
In 2022, overseas purchases of silver jewelry increased by 98% to 686 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a abrupt descent.
In value terms, silver jewelry imports surged to $456K in 2022. In general, imports, however, continue to indicate a abrupt curtailment.
| Import of Silver Jewelry in Paraguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 81.7 | 109 | 110 | 133 | 17.6% |
| Italy | 136 | 88.1 | 43.4 | 125 | -2.8% |
| United States | 78.8 | 44.1 | 41.7 | 74.7 | -1.8% |
| China | 47.2 | 27.4 | 47.2 | 62.8 | 10.0% |
| Brazil | 1.3 | 11.8 | 12.3 | 22.4 | 158.3% |
| India | N/A | 0.1 | 9.6 | 16.4 | 1180.6% |
| Mexico | N/A | N/A | N/A | 13.9 | 0% |
| Greece | N/A | N/A | 1.2 | 4.6 | 283.3% |
| Panama | 56.2 | 64.1 | 10.5 | 1.1 | -73.1% |
| Slovenia | 14.1 | 10.1 | N/A | N/A | -28.4% |
| Others | 138 | 8.0 | 0.8 | 1.3 | -78.9% |
| Total | 553 | 362 | 277 | 456 | -6.2% |
Top Suppliers of Silver Jewelry to Paraguay in 2022:
- Italy (136.0 kg)
- China (131.0 kg)
- Spain (113.0 kg)
- India (70.0 kg)
- Mexico (32.0 kg)
- Brazil (29.0 kg)
- Greece (23.0 kg)
- United States (13.0 kg)
- Panama (1.0 kg)
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