Silver Jewelry Price in Latvia - 2023
Contents:
- Silver Jewelry Price in Latvia (CIF) - 2023
- Silver Jewelry Price in Latvia (FOB) - 2022
- Silver Jewelry Imports in Latvia
- Silver Jewelry Exports in Latvia
Silver Jewelry Price in Latvia (CIF) - 2023
In September 2023, the average silver jewelry import price amounted to $3.7M per ton, growing by 20% against the previous month. In general, import price indicated a measured increase from September 2022 to September 2023: its price increased at an average monthly rate of +2.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, silver jewelry import price decreased by -19.6% against July 2023 indices. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 82% m-o-m. Over the period under review, average import prices reached the peak figure at $4.6M per ton in July 2023; afterwards, it flattened through to September 2023.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Bulgaria ($17.2M per ton), while the price for Hong Kong SAR ($116K per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Jewelry Price in Latvia (FOB) - 2022
In 2022, the average silver jewelry export price amounted to $2,971,948 per ton, picking up by 14% against the previous year. Over the period under review, the export price, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2013 an increase of 65% against the previous year. As a result, the export price attained the peak level of $7,155 per kg. From 2014 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($7,360,000 per ton), while the average price for exports to Finland ($29,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Jewelry Imports in Latvia
Silver jewelry imports into Latvia surged to 1.2 tons in 2022, with an increase of 29% on 2021 figures. Overall, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, silver jewelry imports skyrocketed to $3.1M in 2022. In general, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Silver Jewelry in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 109 | 65.4 | 171 | 718 | 87.5% |
| China | 287 | 303 | 344 | 500 | 20.3% |
| Italy | 347 | 299 | 242 | 365 | 1.7% |
| Estonia | 465 | 225 | 219 | 328 | -11.0% |
| Thailand | 383 | 338 | 218 | 313 | -6.5% |
| Turkey | 73.2 | 43.3 | 62.9 | 235 | 47.5% |
| Russia | 221 | 337 | 503 | 125 | -17.3% |
| Lithuania | 764 | 591 | 226 | 93.2 | -50.4% |
| Others | 411 | 246 | 466 | 397 | -1.1% |
| Total | 3,059 | 2,447 | 2,452 | 3,073 | 0.2% |
Top Suppliers of Silver Jewelry to Latvia in 2022:
- Italy (253.0 kg)
- China (219.0 kg)
- Poland (210.0 kg)
- Thailand (111.0 kg)
- Turkey (90.0 kg)
- Estonia (68.0 kg)
- Russia (38.0 kg)
- Lithuania (35.0 kg)
Silver Jewelry Exports in Latvia
In 2022, silver jewelry exports from Latvia soared to 213 kg, with an increase of 54% on 2021 figures. In general, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 80%. As a result, the exports reached the peak of 300 kg. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, silver jewelry exports soared to $633K in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Silver Jewelry in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 225 | 415 | 218 | 304 | 10.6% |
| Lithuania | 64.0 | 68.9 | 43.8 | 235 | 54.3% |
| United States | 10.3 | 12.3 | 24.5 | 29.4 | 41.9% |
| United Kingdom | N/A | N/A | 18.8 | 20.8 | 10.6% |
| Canada | 2.9 | N/A | 3.9 | 14.3 | 70.2% |
| Others | 90.3 | 41.9 | 50.0 | 29.9 | -30.8% |
| Total | 393 | 538 | 359 | 633 | 17.2% |
Top Export Markets for Silver Jewelry from Latvia in 2022:
- Estonia (108.0 kg)
- Lithuania (78.0 kg)
- United Kingdom (12.0 kg)
- Canada (4.0 kg)
- United States (4.0 kg)
588
This report provides an in-depth analysis of the jewelry market in Latvia.
115
This report provides an in-depth analysis of the motorcycle and scooter market in Latvia.
509
This report provides an in-depth analysis of the market for motorcycle, scooter and side-car in Latvia.
494
Global Articles Of Jewellery Market Report 2018. This report provides an in-depth analysis of the global articles of jewellery market.
4279
This report provides an in-depth analysis of the global jewelry market.
430
This report provides an in-depth analysis of the global motorcycle and scooter market.
3209
This report provides an in-depth analysis of the global market for motorcycle, scooter and side-car.
588
This report provides an in-depth analysis of the jewelry market in Latvia.
494
Global Articles Of Jewellery Market Report 2018. This report provides an in-depth analysis of the global articles of jewellery market.
4279
This report provides an in-depth analysis of the global jewelry market.
347
Explore the top import markets for jewelry worldwide, including Hong Kong SAR, United Arab Emirates, United States, Switzerland, and more. Discover key statistics and insights from the IndexBox market intelligence platform.
1623
Global jewelry imports stood at X tons in 2016, rising by X% against the previous year figure. Overall, jewelry imports continue to indicate a relatively flat trend pattern. The pace of growth was...
375
In recent years, the global demand for motorcycles and scooters has been steadily increasing. These vehicles offer an affordable and convenient mode of transportation, making them popular in both developed and developing countries. In this article, we will explore the top import markets for motorcycles and scooters and provide key statistics.
390
Explore the world's best import markets for motorcycles, scooters, and side-cars. Discover the top countries with high import values, including the United States, Germany, France, and more.
5576
In 2016, approx. X tons of motorcycle and scooter were imported worldwide- coming up by X% against the previous year level. In general, motorcycle and scooter imports continue to indicate a relat...
1381
In 2016, approx. X tons of motorcycle and scooter were imported worldwide- coming up by X% against the previous year level. In general, motorcycle and scooter imports continue to indicate a relat...
1181
From 2007 to 2014, the global motorcycle and scooter market showed mixed dynamics. A slight decrease in 2009 (-X% Y-o-Y) was followed by a X% increase in 2010. Over the next three years, the market gradually increased to X million units. In value te
1386
A lower costs policy coupled with the launching of new products is expected to double the Japanese Yamaha Motor Co.'s motorcycle profit margin by 2018. According to the Japan Times, Yamaha aims to increase their overall margin to X% by 2018. Hiroyuki
347
Explore the top import markets for jewelry worldwide, including Hong Kong SAR, United Arab Emirates, United States, Switzerland, and more. Discover key statistics and insights from the IndexBox market intelligence platform.
1623
Global jewelry imports stood at X tons in 2016, rising by X% against the previous year figure. Overall, jewelry imports continue to indicate a relatively flat trend pattern. The pace of growth was...
