Silver Jewelry Price in Sweden - 2023
Contents:
- Silver Jewelry Price in Sweden (CIF) - 2023
- Silver Jewelry Price in Sweden (FOB) - 2023
- Silver Jewelry Imports in Sweden
- Silver Jewelry Exports in Sweden
Silver Jewelry Price in Sweden (CIF) - 2023
The average silver jewelry import price stood at $703K per ton in June 2023, with an increase of 12% against the previous month. Overall, the import price, however, saw a noticeable slump. The pace of growth was the most pronounced in March 2023 when the average import price increased by 16% m-o-m. The import price peaked at $1.3M per ton in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($1.6M per ton), while the price for Denmark ($284K per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by India (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Jewelry Price in Sweden (FOB) - 2023
In June 2023, the average silver jewelry export price amounted to $397K per ton, jumping by 282% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $719K per ton in November 2022; however, from December 2022 to June 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Denmark ($2.3M per ton), while the average price for exports to Germany ($76,224 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Jewelry Imports in Sweden
Silver jewelry imports into Sweden skyrocketed to 39 tons in 2022, picking up by 49% against the previous year's figure. In general, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +4.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, silver jewelry imports expanded rapidly to $34M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 30%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.
| Import of Silver Jewelry in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 8.8 | 10.1 | 11.7 | 11.6 | 9.6% |
| China | 2.0 | 2.2 | 3.1 | 4.6 | 32.0% |
| India | 2.5 | 2.7 | 3.0 | 3.1 | 7.4% |
| Italy | 2.7 | 2.3 | 3.1 | 3.0 | 3.6% |
| Germany | 2.4 | 2.3 | 3.3 | 3.0 | 7.7% |
| Denmark | 1.4 | 1.3 | 1.6 | 2.1 | 14.5% |
| United States | 0.3 | 0.2 | 0.6 | 0.4 | 10.1% |
| France | 0.5 | 0.1 | 0.2 | 0.2 | -26.3% |
| Others | 2.1 | 2.3 | 4.0 | 6.1 | 42.7% |
| Total | 22.7 | 23.6 | 30.6 | 34.2 | 14.6% |
Top Suppliers of Silver Jewelry to Sweden in 2022:
- Thailand (8.6 tons)
- China (6.6 tons)
- Italy (5.1 tons)
- Denmark (5.0 tons)
- Germany (3.0 tons)
- India (2.6 tons)
- France (2.3 tons)
- United States (0.5 tons)
Silver Jewelry Exports in Sweden
In 2022, shipments abroad of silver jewelry increased by 57% to 14 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a abrupt decline.
In value terms, silver jewelry exports surged to $7.4M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.1% 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 +48.2% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Silver Jewelry in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 1,254 | 1,111 | 1,721 | 2,869 | 31.8% |
| Finland | 1,491 | 1,103 | 530 | 1,531 | 0.9% |
| Denmark | 782 | 579 | 170 | 669 | -5.1% |
| United States | 250 | 403 | 671 | 507 | 26.6% |
| Italy | 612 | 780 | 917 | 494 | -6.9% |
| Switzerland | 27.8 | 415 | 36.3 | 422 | 147.6% |
| Others | 961 | 583 | 1,070 | 880 | -2.9% |
| Total | 5,378 | 4,974 | 5,115 | 7,372 | 11.1% |
Top Export Markets for Silver Jewelry from Sweden in 2022:
- Finland (7.0 tons)
- Norway (3.2 tons)
- Switzerland (1.0 tons)
- Denmark (0.7 tons)
- United States (0.6 tons)
- Italy (0.5 tons)
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