Silver Jewelry Price in Portugal - 2023

Silver Jewelry Price in Portugal (CIF) - 2022

In 2022, the average silver jewelry import price amounted to $2,594,679 per ton, picking up by 4.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2020 an increase of 17% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($6,942,000 per ton), while the price for France ($1,503,968 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Silver Jewelry Price in Portugal (FOB) - 2022

In 2022, the average silver jewelry export price amounted to $1,248,937 per ton, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2020 when the average export price increased by 37%. The export price peaked at $1,918,038 per ton in 2015; however, from 2016 to 2022, the export prices remained at a 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 Belgium ($2,847,978 per ton), while the average price for exports to North Macedonia ($33,298 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 Mexico (+93.8%), while the prices for the other major destinations experienced more modest paces of growth.

Silver Jewelry Imports in Portugal

In 2022, the amount of silver jewelry imported into Portugal surged to 21 tons, increasing by 50% compared with 2021 figures. In general, imports posted a notable expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silver jewelry imports surged to $54M in 2022. Overall, imports enjoyed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Silver Jewelry in Portugal (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	8.2	6.8	14.2	21.6	38.1%
Germany	15.6	9.2	11.4	16.0	0.8%
Italy	3.3	2.5	3.0	9.4	41.8%
China	2.6	1.7	2.3	2.5	-1.3%
France	0.2	0.2	0.4	0.7	51.8%
Thailand	0.5	0.5	0.6	0.7	11.9%
Indonesia	0.4	0.5	0.8	0.6	14.5%
Austria	4.5	0.8	N/A	N/A	-82.2%
Others	1.5	0.9	1.8	2.4	17.0%
Total	36.9	23.0	34.5	53.7	13.3%

Top Suppliers of Silver Jewelry to Portugal in 2022:

Austria (undefined tons)
Spain (8.0 tons)
Germany (5.0 tons)
Italy (4.4 tons)
China (1.3 tons)
France (0.5 tons)
Indonesia (0.4 tons)
Thailand (0.3 tons)

Silver Jewelry Exports in Portugal

Silver jewelry exports from Portugal soared to 6.3 tons in 2022, increasing by 91% on the previous year's figure. In general, exports, however, showed a dramatic slump.

In value terms, silver jewelry exports surged to $7.9M in 2022. Over the period under review, exports, however, continue to indicate a deep reduction.

Export of Silver Jewelry in Portugal (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	3,500	1,845	1,809	2,636	-9.0%
France	368	142	694	2,225	82.2%
United States	828	209	436	687	-6.0%
Belgium	14.1	8.3	142	518	232.4%
Italy	33.9	10.2	56.3	290	104.5%
United Kingdom	129	N/A	194	274	28.5%
Ireland	84.2	56.3	71.1	198	33.0%
Saudi Arabia	1.1	0.6	33.8	61.7	282.8%
Mexico	0.3	N/A	0.1	59.2	482.2%
Germany	132	27.8	11.9	49.5	-27.9%
Guatemala	22.1	6.4	0.8	39.8	21.7%
Costa Rica	N/A	N/A	0.9	24.4	2611.1%
North Macedonia	N/A	N/A	N/A	4.1	0%
Others	7,750	1,536	707	804	-53.0%
Total	12,862	3,842	4,157	7,871	-15.1%