Silver Jewelry Price in the Netherlands - 2023

Silver Jewelry Price in the Netherlands (CIF) - 2022

In 2022, the average silver jewelry import price amounted to $1,278,946 per ton, picking up by 5.7% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2014 an increase of 41% against the previous year. As a result, import price reached the peak level of $2,271 per kg. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 ($2,282,439 per ton), while the price for France ($501,760 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Silver Jewelry Price in the Netherlands (FOB) - 2023

In June 2023, the average silver jewelry export price amounted to $147K per ton, surging by 2% against the previous month. Overall, the export price continues to indicate a prominent increase. The growth pace was the most rapid in July 2022 an increase of 750% against the previous month. As a result, the export price attained the peak level of $327K per ton. From August 2022 to June 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Italy ($628K per ton), while the average price for exports to France ($43,357 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 Italy (+34.2%), while the prices for the other major destinations experienced more modest paces of growth.

Silver Jewelry Imports in the Netherlands

In 2022, supplies from abroad of silver jewelry decreased by -14% to 79 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 62%. As a result, imports reached the peak of 91 tons, and then shrank in the following year.

In value terms, silver jewelry imports dropped to $100M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +18.8% 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 +67.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 46% against the previous year. As a result, imports attained the peak of $111M, and then shrank in the following year.

Import of Silver Jewelry in the Netherlands (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	12.5	18.8	21.0	28.7	31.9%
Thailand	22.5	23.1	25.7	21.3	-1.8%
Belgium	1.6	3.6	9.5	12.9	100.5%
United States	1.7	1.9	16.2	8.6	71.7%
Hong Kong SAR	4.2	4.8	5.2	4.8	4.6%
United Kingdom	0.6	0.5	6.4	3.9	86.6%
India	3.1	3.2	3.7	3.2	1.1%
China	1.5	2.1	2.5	3.0	26.0%
Indonesia	2.5	2.7	2.6	2.7	2.6%
Italy	3.4	7.1	7.2	2.5	-9.7%
France	1.2	1.4	1.8	1.5	7.7%
Others	5.2	6.3	8.7	7.2	11.5%
Total	59.9	75.5	111	100	18.6%

Top Suppliers of Silver Jewelry to the Netherlands in 2022:

Germany (26.3 tons)
Thailand (12.9 tons)
Belgium (10.4 tons)
United States (3.8 tons)
United Kingdom (3.4 tons)
China (3.2 tons)
France (3.1 tons)
Hong Kong SAR (2.7 tons)
Indonesia (2.1 tons)
India (1.8 tons)
Italy (1.6 tons)

Silver Jewelry Exports in the Netherlands

In 2022, approx. 27 tons of silver jewelry were exported from the Netherlands; growing by 3.3% against the previous year's figure. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 229% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, silver jewelry exports surged to $54M in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 25% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Export of Silver Jewelry in the Netherlands (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	6.9	10.4	10.8	13.4	24.8%
Belgium	4.2	5.0	6.9	6.4	15.1%
Italy	2.6	1.7	2.5	6.2	33.6%
France	2.6	2.9	3.4	4.5	20.1%
United Kingdom	2.5	2.6	3.7	4.2	18.9%
United States	1.2	3.1	2.4	3.3	40.1%
Ireland	0.9	0.9	1.8	2.3	36.7%
Thailand	0.8	0.8	0.9	1.0	7.7%
Switzerland	0.7	0.6	1.0	0.9	8.7%
Norway	0.3	0.6	0.7	0.6	26.0%
Hong Kong SAR	0.3	0.4	0.4	0.3	0.0%
Macao SAR	N/A	N/A	0.1	0.3	200.0%
Others	8.0	7.2	10.6	11.0	11.2%
Total	31.0	36.3	45.2	54.5	20.7%