U.S. Jewelry And Silverware Market. Analysis And Forecast to 2030
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View PricingJewelry and Silverware Price in the United States - 2023
Contents:
- Jewelry and Silverware Price in the United States (CIF) - 2023
- Jewelry and Silverware Price in the United States (FOB) - 2023
- Jewelry and Silverware Imports in the United States
- Jewelry and Silverware Exports in the United States
Jewelry and Silverware Price in the United States (CIF) - 2023
In August 2023, the average jewelry and silverware import price amounted to $12,544 per ton, growing by 3.6% against the previous month. In general, the import price, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in April 2023 when the average import price increased by 22% month-to-month. The import price peaked at $71,280 per ton in October 2022; however, from November 2022 to August 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($53,564 per ton), while the price for Botswana ($6,055 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by China (-0.9%), while the prices for the other major suppliers experienced a decline.
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Jewelry and Silverware Price in the United States (FOB) - 2023
In August 2023, the average jewelry and silverware export price amounted to $68,824 per ton, growing by 4.1% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 23% against the previous month. As a result, the export price reached the peak level of $71,337 per ton. From February 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was the United Arab Emirates ($87,014 per ton), while the average price for exports to Belgium ($37,729 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Jewelry and Silverware Imports in the United States
In 2022, imports of jewelry and silverware into the United States stood at 813K tons, therefore, remained relatively stable against the previous year. Over the period under review, imports posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 1,458%. As a result, imports attained the peak of 2.3M tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, jewelry and silverware imports totaled $48.7B in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 70%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
| Import of Jewelry and Silverware in the United States (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 10.6 | 8.6 | 15.9 | 16.0 | 14.7% |
| Israel | 6.9 | 3.5 | 5.4 | 6.6 | -1.5% |
| Belgium | 1.9 | 1.2 | 1.8 | 2.9 | 15.1% |
| China | 3.2 | 1.9 | 2.8 | 2.9 | -3.2% |
| Thailand | 1.1 | 1.0 | 1.6 | 1.8 | 17.8% |
| South Africa | 1.1 | 0.8 | 1.6 | 1.5 | 10.9% |
| France | 1.1 | 0.7 | 1.4 | 1.3 | 5.7% |
| Switzerland | 0.5 | 0.9 | 1.0 | 0.8 | 17.0% |
| Botswana | 0.3 | 0.2 | 0.3 | 0.5 | 18.6% |
| Sri Lanka | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Others | 7.7 | 7.5 | 13.2 | 14.2 | 22.6% |
| Total | 34.5 | 26.4 | 45.0 | 48.7 | 12.2% |
Top Suppliers of Jewelry and Silverware to the United States in 2022:
- India (287.3K tons)
- China (253.6K tons)
- Israel (37.7K tons)
- Sri Lanka (24.2K tons)
- Thailand (23.6K tons)
- Botswana (21.2K tons)
- France (20.8K tons)
- Belgium (14.9K tons)
- Switzerland (14.3K tons)
- South Africa (13.5K tons)
Jewelry and Silverware Exports in the United States
In 2022, the amount of jewelry and silverware exported from the United States soared to 68K tons, increasing by 237% against 2021. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 947%. As a result, the exports reached the peak of 99K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, jewelry and silverware exports soared to $32B in 2022. Over the period under review, total exports indicated mild growth from 2019 to 2022: its value increased at an average annual rate of +1.1% 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 +70.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 37%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Jewelry and Silverware in the United States (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 4.2 | 2.2 | 3.1 | 3.9 | -2.4% |
| Hong Kong SAR | 5.7 | 2.3 | 2.8 | 3.3 | -16.7% |
| Belgium | 2.5 | 1.6 | 1.9 | 2.6 | 1.3% |
| United Arab Emirates | 0.9 | 0.7 | 1.0 | 1.4 | 15.9% |
| Canada | 0.9 | 0.9 | 1.1 | 1.3 | 13.0% |
| Japan | 0.8 | 0.6 | 0.7 | 0.8 | 0.0% |
| Mexico | 0.4 | 0.2 | 0.4 | 0.6 | 14.5% |
| China | 0.4 | 0.4 | 0.7 | 0.6 | 14.5% |
| Australia | 0.3 | 0.2 | 0.2 | 0.3 | 0.0% |
| South Africa | 0.2 | 0.1 | 0.2 | 0.3 | 14.5% |
| Others | 14.8 | 9.6 | 13.6 | 16.9 | 4.5% |
| Total | 31.0 | 18.8 | 25.8 | 32.0 | 1.1% |
Top Export Markets for Jewelry and Silverware from the United States in 2022:
- United Arab Emirates (23.3K tons)
- Canada (8.8K tons)
- South Africa (8.3K tons)
- Mexico (5.6K tons)
- China (4.7K tons)
- Belgium (3.5K tons)
- Israel (2.7K tons)
- Japan (2.2K tons)
- Australia (1.6K tons)
- Hong Kong SAR (0.5K tons)
This report provides an in-depth analysis of the jewelry and silverware market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 339910 - Jewelry and silverware manufacturing
Companies mentioned:
- Herff Jones
- Jostens
- O. C. Tanner Company
- David Yurman Enterprises
- US Synthetic Corporation
- Swarovski North America Limited
- James Avery Craftsman
- American Achievement Corp
- Alex and Ani
- Tharperobbins Company
- Jacmel Jewelry Inc.
- Mtm Recognition Corporation
- Maui Divers of Hawaii
- Kabana
- Mel Bernie and Company
- Commemorative Brands
- Tiffany and Company
- Associated American Industries
- Samuel Aaron
- Jotaly
- Almond Jewelers
- AAC Group Holding Corp.
- Aaron Group
- Monogram World
- Swarovski U.S.Holding Limited
- O. C. Tanner Manufacturing
- Visant Corporation
- Tvci Holding
- Prestige Designs
- HK Designs
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Imports of Jewelry and Silverware reached a value of $3.4 billion in July 2023.
326
In 2020, American purchases of jewelry and silverware from China and France reduced in value terms by -25% y/y and -46% y/y, respectively. By contrast, Indian supplies soared by +56% y/y. In physical terms, imports from India grew more than twofold.
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