Silver Jewelry Price in Vietnam - 2022
Contents:
- Silver Jewelry Price in Vietnam (FOB) - 2022
- Silver Jewelry Price in Vietnam (CIF) - 2022
- Silver Jewelry Exports in Vietnam
- Silver Jewelry Imports in Vietnam
Silver Jewelry Price in Vietnam (FOB) - 2022
The average silver jewelry export price stood at $2,053,146 per ton in 2022, rising by 7.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 an increase of 18%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Denmark ($2,078,676 per ton) and the United States ($2,078,579 per ton), while the average price for exports to the UK ($1,981,063 per ton) and China ($2,038,668 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Jewelry Price in Vietnam (CIF) - 2022
In 2022, the average silver jewelry import price amounted to $1,686,360 per ton, growing by 8.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2013 an increase of 26%. The import price peaked at $1,812,744 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($1,881,813 per ton), while the price for Russia ($297,485 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Jewelry Exports in Vietnam
For the fourth year in a row, Vietnam recorded growth in overseas shipments of silver jewelry, which increased by 29% to 26 tons in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.1% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, silver jewelry exports soared 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 +21.4% 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 +78.9% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Silver Jewelry in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.4 | 19.4 | 23.1 | 24.6 | 19.5% |
| China | N/A | 0.2 | 0.1 | 15.7 | 786.0% |
| Japan | 7.3 | 6.8 | 7.3 | 7.0 | -1.4% |
| France | 1.9 | 2.4 | 1.8 | 2.2 | 5.0% |
| Denmark | 1.9 | 1.7 | 2.3 | 1.6 | -5.6% |
| United Kingdom | 0.5 | 0.6 | 0.4 | 0.9 | 21.6% |
| Germany | 1.0 | 1.7 | 0.7 | 0.2 | -41.5% |
| Others | 3.1 | 2.6 | 3.4 | 1.9 | -15.1% |
| Total | 30.3 | 35.4 | 39.1 | 54.1 | 21.3% |
Top Export Markets for Silver Jewelry from Vietnam in 2022:
- United States (11.8 tons)
- China (7.7 tons)
- Japan (3.4 tons)
- France (1.1 tons)
- Denmark (0.8 tons)
- United Kingdom (0.5 tons)
- Germany (0.1 tons)
Silver Jewelry Imports in Vietnam
For the fourth year in a row, Vietnam recorded growth in supplies from abroad of silver jewelry, which increased by 11% to 5.6 tons in 2022. The total import volume increased at an average annual rate of +14.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 22% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, silver jewelry imports skyrocketed to $9.5M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +18.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.7% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Silver Jewelry in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 2.8 | 4.3 | 3.9 | 5.2 | 22.9% |
| China | 1.2 | 1.2 | 1.6 | 1.8 | 14.5% |
| Italy | 0.5 | 0.3 | 0.7 | 0.9 | 21.6% |
| Japan | 0.7 | 0.6 | 0.7 | 0.8 | 4.6% |
| United States | 0.3 | 0.1 | 0.5 | 0.5 | 18.6% |
| Russia | N/A | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.3 | 0.5 | 0.4 | 10.1% |
| Total | 5.7 | 6.9 | 7.9 | 9.5 | 18.6% |
Top Suppliers of Silver Jewelry to Vietnam in 2022:
- Thailand (2951.0 kg)
- China (1024.0 kg)
- Italy (547.0 kg)
- Japan (445.0 kg)
- United States (265.0 kg)
- Russia (89.0 kg)
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