Silver Jewelry Price in Luxembourg - 2023
Contents:
- Silver Jewelry Price in Luxembourg (CIF) - 2022
- Silver Jewelry Price in Luxembourg (FOB) - 2022
- Silver Jewelry Imports in Luxembourg
- Silver Jewelry Exports in Luxembourg
Silver Jewelry Price in Luxembourg (CIF) - 2022
The average silver jewelry import price stood at $640,939 per ton in 2022, approximately equating the previous year. Overall, the import price recorded a noticeable slump. The most prominent rate of growth was recorded in 2018 an increase of 4.3%. The import price peaked at $809,098 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($642,114 per ton) and France ($642,088 per ton), while the price for China ($639,718 per ton) and Belgium ($641,481 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-2.0%), while the prices for the other major suppliers experienced a decline.
Silver Jewelry Price in Luxembourg (FOB) - 2022
In 2022, the average silver jewelry export price amounted to $639,673 per ton, surging by 34% against the previous year. In general, the export price, however, saw a perceptible downturn. Over the period under review, the average export prices attained the maximum at $810,796 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($655,714 per ton) and the UK ($652,533 per ton), while the average price for exports to Italy ($624,800 per ton) and Japan ($634,000 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 Sweden (+39.2%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Jewelry Imports in Luxembourg
In 2022, supplies from abroad of silver jewelry decreased by -14.2% to 7.2 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +7.6% 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 2021 with an increase of 36% against the previous year. As a result, imports attained the peak of 8.4 tons, and then declined in the following year.
In value terms, silver jewelry imports shrank to $4.6M in 2022. The total import value increased at an average annual rate of +5.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 33% against the previous year. As a result, imports reached the peak of $5.4M, and then declined in the following year.
| Import of Silver Jewelry in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 830 | 451 | 1,607 | 1,427 | 19.8% |
| Germany | 655 | 777 | 914 | 785 | 6.2% |
| France | 617 | 647 | 660 | 684 | 3.5% |
| Belgium | 257 | 323 | 400 | 398 | 15.7% |
| Italy | 133 | 403 | 523 | 306 | 32.0% |
| Austria | 410 | 269 | 315 | 211 | -19.9% |
| China | 141 | 140 | 108 | 79.3 | -17.5% |
| Others | 905 | 1,037 | 861 | 723 | -7.2% |
| Total | 3,948 | 4,046 | 5,388 | 4,614 | 5.3% |
Top Suppliers of Silver Jewelry to Luxembourg in 2022:
- Thailand (2222.0 kg)
- Germany (1223.0 kg)
- France (1066.0 kg)
- Belgium (621.0 kg)
- Italy (477.0 kg)
- Austria (329.0 kg)
- China (124.0 kg)
Silver Jewelry Exports in Luxembourg
In 2022, after two years of decline, there was growth in shipments abroad of silver jewelry, when their volume increased by 2.1% to 343 kg. In general, exports, however, continue to indicate a dramatic shrinkage.
In value terms, silver jewelry exports surged to $219K in 2022. Overall, exports, however, saw a sharp curtailment.
| Export of Silver Jewelry in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 576 | 187 | 77.8 | 95.2 | -45.1% |
| Sweden | 73.4 | 6.4 | 11.1 | 49.1 | -12.5% |
| United Kingdom | 0.1 | 3.5 | 9.1 | 19.6 | 480.9% |
| Netherlands | 97.5 | 0.9 | 7.9 | 13.8 | -47.9% |
| Germany | 47.0 | 22.2 | 29.6 | 7.1 | -46.7% |
| Japan | N/A | N/A | N/A | 7.0 | 0% |
| Italy | 30.3 | 21.0 | 6.0 | 6.2 | -41.1% |
| Belgium | 12.9 | 83.2 | 18.1 | 6.0 | -22.5% |
| United Arab Emirates | 35.2 | 3.7 | N/A | N/A | -89.5% |
| Others | 33.8 | 33.3 | 1.3 | 15.4 | -23.1% |
| Total | 906 | 361 | 161 | 219 | -37.7% |
Top Export Markets for Silver Jewelry from Luxembourg in 2022:
- France (148.0 kg)
- Sweden (76.0 kg)
- United Kingdom (30.0 kg)
- Netherlands (21.0 kg)
- Germany (11.0 kg)
- Japan (11.0 kg)
- Italy (10.0 kg)
- Belgium (9.0 kg)
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