Silver Jewelry Price in Egypt - 2022
Contents:
- Silver Jewelry Price in Egypt (CIF) - 2022
- Silver Jewelry Price in Egypt (FOB) - 2022
- Silver Jewelry Imports in Egypt
- Silver Jewelry Exports in Egypt
Silver Jewelry Price in Egypt (CIF) - 2022
The average silver jewelry import price stood at $1,002,741 per ton in 2022, which is down by -9.8% against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 an increase of 107% against the previous year. The import price peaked at $2,243,136 per ton in 2013; however, from 2014 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 the United Arab Emirates ($678,500 per ton), while the price for China ($354,539 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 Arab Emirates (-8.6%), while the prices for the other major suppliers experienced a decline.
Silver Jewelry Price in Egypt (FOB) - 2022
In 2022, the average silver jewelry export price amounted to $1,162,601 per ton, reducing by -6.3% against the previous year. Over the period from 2020 to 2022, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 13%. As a result, the export price reached the peak level of $1,241 per kg, and then fell in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($1,692,000 per ton), while the average price for exports to the United Arab Emirates ($251,444 per ton) was amongst the lowest.
From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+273.8%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Jewelry Imports in Egypt
After three years of growth, supplies from abroad of silver jewelry decreased by -50.7% to 9.7 tons in 2022. In general, imports, however, saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 190% against the previous year.
In value terms, silver jewelry imports fell dramatically to $9.7M in 2022. Overall, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 162%.
| Import of Silver Jewelry in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 3.5 | 9.6 | 18.2 | 9.4 | 39.0% |
| China | 0.1 | 1.4 | 0.6 | 0.1 | 0.0% |
| Hong Kong SAR | 0.3 | 0.4 | 0.2 | N/A | -18.4% |
| Others | 0.7 | 0.6 | 3.0 | 0.2 | -34.1% |
| Total | 4.6 | 11.9 | 21.9 | 9.7 | 28.2% |
Top Suppliers of Silver Jewelry to Egypt in 2022:
- Turkey (14.9 tons)
- China (0.3 tons)
Silver Jewelry Exports in Egypt
In 2022, shipments abroad of silver jewelry decreased by -74.6% to 1.2 tons for the first time since 2019, thus ending a two-year rising trend. In general, exports recorded a precipitous slump. The growth pace was the most rapid in 2021 with an increase of 132%. As a result, the exports attained the peak of 4.6 tons, and then contracted remarkably in the following year.
In value terms, silver jewelry exports contracted notably to $1.4M in 2022. Over the period under review, exports continue to indicate a sharp reduction. The growth pace was the most rapid in 2021 with an increase of 163% against the previous year. As a result, the exports attained the peak of $5.7M, and then declined dramatically in the following year.
| Export of Silver Jewelry in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United Arab Emirates | 706 | 818 | 1,295 | 35.4% | |
| United States | 71.4 | 539 | 23.9 | -42.1% | |
| Canada | 156 | 915 | 12.9 | -71.2% | |
| Switzerland | 40.9 | 597 | 1.7 | -79.6% | |
| Norway | N/A | 21.8 | N/A | 0% | |
| Jordan | 391 | 1,589 | N/A | 306.4% | |
| Saudi Arabia | 178 | 80.3 | N/A | -54.9% | |
| Turkey | 328 | 1.8 | N/A | -99.5% | |
| Others | 290 | 1,122 | 21.4 | -72.8% | |
| Total | 2,163 | 5,683 | 1,355 | -20.9% | |
Top Export Markets for Silver Jewelry from Egypt in 2022:
- United Arab Emirates (5.2 tons)
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