Silver Jewelry Price in Slovenia - 2023

Silver Jewelry Price in Slovenia (FOB) - 2023

The average silver jewelry export price stood at $305K per ton in September 2023, with an increase of 84% against the previous month. Overall, the export price, however, showed a abrupt setback. The pace of growth was the most pronounced in October 2022 when the average export price increased by 107% month-to-month. As a result, the export price attained the peak level of $1.5M per ton. From November 2022 to September 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Croatia ($465K per ton), while the average price for exports to Bulgaria ($152K per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Silver Jewelry Price in Slovenia (CIF) - 2022

The average silver jewelry import price stood at $1,142,491 per ton in 2022, reducing by -36.8% against the previous year. In general, the import price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2017 when the average import price increased by 235%. Over the period under review, average import prices hit record highs at $2,348,224 per ton in 2020; however, from 2021 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 India ($2,820,707 per ton), while the price for China ($1,045,909 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Silver Jewelry Exports in Slovenia

In 2022, after three years of growth, there was decline in overseas shipments of silver jewelry, when their volume decreased by -4.7% to 122 kg. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +14.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 26%.

In value terms, silver jewelry exports surged to $6.7M in 2022. Over the period under review, exports, however, posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Silver Jewelry in Slovenia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Czech Republic	0.1	1.1	46.1	1,446	2336.3%
Italy	1.1	1.5	0.3	956	854.3%
Poland	N/A	N/A	N/A	745	0%
Slovakia	N/A	N/A	N/A	583	0%
Romania	N/A	0.1	N/A	364	5933.2%
Greece	N/A	0.1	0.3	349	5807.6%
Lithuania	N/A	N/A	N/A	183	0%
Portugal	N/A	N/A	N/A	74.2	0%
Latvia	N/A	N/A	0.7	55.5	7828.6%
Others	326	322	372	1,938	81.2%
Total	327	324	419	6,694	173.6%

Top Export Markets for Silver Jewelry from Slovenia in 2022:

Czech Republic (4.0 tons)
Slovakia (1.7 tons)
Romania (1.3 tons)
Greece (1.2 tons)
Italy (1.0 tons)
Poland (0.9 tons)
Lithuania (0.6 tons)
Portugal (0.2 tons)
Latvia (0.2 tons)

Silver Jewelry Imports in Slovenia

In 2022, approx. 5.6 tons of silver jewelry were imported into Slovenia; increasing by 145% compared with the year before. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, silver jewelry imports surged to $6.4M in 2022. Overall, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 62% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Silver Jewelry in Slovenia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Thailand	1,554	1,595	2,513	3,514	31.3%
China	230	401	586	1,662	93.3%
India	100	54.9	95.7	231	32.2%
Italy	148	107	444	218	13.8%
Germany	65.2	121	58.6	187	42.1%
Hong Kong SAR	12.7	37.6	109	120	111.4%
Denmark	29.3	17.7	26.3	116	58.2%
Others	223	225	322	402	21.7%
Total	2,363	2,560	4,155	6,449	39.7%