Which Country Exports the Most Jewelry in the World?

Jewellery And Bijouterie May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

Which Country Exports the Most Jewelry in the World?

IndexBox has just published a new report "World: Jewelry - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

Global jewelry imports stood at 48K tonnes in 2016, rising by 3% against the previous year figure. Overall, jewelry imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015, when import increased by 8% against the previous year level. Global jewelry import peaked in 2016, and are expected to retain its growth in the immediate term.

In value terms, jewelry imports stood at $67B in 2016. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports value increased at an average annual rate of +0.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, jewelry imports decreased by -9.3% against its level of 2014. Global jewelry import peaked of $74B in 2014- however, from 2015 to 2016, it failed to regain its strength.

Top Jewelry Importing Countries in the World

1. USA (9.1 billion USD)

2. United Kingdom (3.6 billion USD)

3. Italy (1.6 billion USD)

4. China (0.8 billion USD)

5. Thailand (0.5 billion USD)

6. Spain (0.4 billion USD)

7. India (0.4 billion USD)

8. Dominican Republic (0.2 billion USD)

9. Ireland (0.1 billion USD)

10. Nepal (0.0 billion USD)

Jewelry Imports By Country

Thailand (18K tonnes) was the major importer of jewelry in the world, reaching 18K tonnes, which was approx. 38% of total imports in 2016. The U.S. (6.1K tonnes) took the second position in the ranking, followed by the UK (3.9K tonnes), Spain (3.9K tonnes), and the Dominican Republic (2.9K tonnes). All these countries together held approx. 35% share of total imports. Italy (1.4K tonnes), India (1.3K tonnes), Nepal (984 tonnes), China (984 tonnes), and Ireland (785 tonnes) occupied the minor share of total imports.

Thailand experienced a relatively flat trend pattern. At the same time, the U.S. (+10.7%), Ireland (+3.7%), Spain (+2.3%), Italy (+1.2%), India (+1.2%), the Dominican Republic (+1.0%), and Nepal (+1.0%) displayed positive paces of growth. Moreover, the U.S. emerged as the fastest growing importer/exporter in the world, with a CAGR of +10.7% from 2007-2016. China, and the UK experienced a relatively flat trend pattern. Spain (-1.5%), and the U.S. (-7.6%) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($9.1B) constitutes the largest market for imported jewelry worldwide, making up 13% of global imports. The second position in the ranking was occupied by the UK ($3.6B), with the share of 5% of global imports. It was followed by Italy, with the share of 2%.

From 2007 to 2016, the average annual growth rate of value of jewelry imports in the U.S. decreased by -0.0%. The remaining importing countries recorded the following average annual rates: the UK (-2.7% per year) and Italy (+5.9% per year).

Jewelry Import Prices By Country

The average jewelry import price stood at $1.4K per kg in 2016, falling by -3.2% against the previous year. Overall, it indicated a strong growth from 2007 to 2016: the import price value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, jewelry import price decreased by -18.4% against its level of 2014. The most prominent rate of growth was recorded in 2010, when import increased by 31% year-to-year. Global jewelry import peaked of $1.7K per kg in 2014- however, from 2015 to 2016, it failed to regain its strength.

Import prices varied noticeably by country of destination. the country with the highest import prices was the U.S. ($1.5K per kg), while Thailand ($29 per kg) was among the lowest.

From 2007 to 2016, the most notable growth rate of jewelry import prices was attained by Nepal (+73.0% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global jewelry market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • jewelry market share
  • jewelry prices
  • jewelry industry
  • jewelry sales
  • jewelry import
  • jewelry export
  • jewelry market forecast
  • jewelry price forecast
  • key jewelry producers

All data provided in this article covers the following product: HS Code 7113 - Jewellery articles and parts thereof, of precious metal or of metal clad with precious metal.

Source: World: Jewelry - Market Report. Analysis and Forecast to 2025