Hong Kong SAR, China - Jewelry - Market Analysis, Forecast, Size, Trends and Insights
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View PricingJewelry Price in Hong Kong SAR - 2023
Contents:
- Jewelry Price in Hong Kong SAR (CIF) - 2023
- Jewelry Price in Hong Kong SAR (FOB) - 2022
- Jewelry Imports in Hong Kong SAR
- Jewelry Exports in Hong Kong SAR
Jewelry Price in Hong Kong SAR (CIF) - 2023
The average jewelry import price stood at $72.6M per ton in September 2023, increasing by 8.9% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 when the average import price increased by 123% against the previous month. The import price peaked in September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was India ($202M per ton), while the price for Italy ($29.7M 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 the United States (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Jewelry Price in Hong Kong SAR (FOB) - 2022
In 2022, the average jewelry export price amounted to $33,489,654 per ton, rising by 13% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, jewelry export price increased by +66.4% against 2014 indices. The pace of growth was the most pronounced in 2014 an increase of 53%. The export price peaked in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($132,053,009 per ton), while the average price for exports to Spain ($4,016,391 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 Thailand (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.
Jewelry Imports in Hong Kong SAR
After three years of growth, overseas purchases of jewelry decreased by -28% to 454 tons in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +8.5% 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 +27.6% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 63% against the previous year. As a result, imports reached the peak of 629 tons, and then shrank sharply in the following year.
In value terms, jewelry imports rose remarkably to $19B in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.5% 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 +66.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 57%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Import of Jewelry in Hong Kong SAR (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.2 | 3.7 | 8.0 | 7.7 | 22.4% |
| India | 1.3 | 1.6 | 2.2 | 3.2 | 35.0% |
| United Arab Emirates | 1.5 | 0.8 | 1.1 | 1.3 | -4.7% |
| United States | 1.3 | 0.9 | 0.8 | 0.9 | -11.5% |
| Japan | 0.3 | 0.3 | 0.6 | 0.7 | 32.6% |
| Turkey | 0.2 | 0.2 | 0.4 | 0.6 | 44.2% |
| Italy | 0.7 | 0.4 | 0.5 | 0.5 | -10.6% |
| Thailand | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | 4.1 | 3.3 | 3.9 | 3.9 | -1.7% |
| Total | 13.7 | 11.4 | 17.8 | 19.0 | 11.5% |
Top Suppliers of Jewelry to Hong Kong SAR in 2022:
- China (217.3 tons)
- India (93.6 tons)
- Italy (34.7 tons)
- United Arab Emirates (24.8 tons)
- Turkey (13.3 tons)
- Japan (12.8 tons)
- United States (10.9 tons)
- Thailand (10.7 tons)
Jewelry Exports in Hong Kong SAR
Jewelry exports from Hong Kong SAR shrank sharply to 265 tons in 2022, declining by -15.4% on 2021 figures. In general, exports recorded a slight decrease. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, the exports reached the peak of 313 tons, and then contracted markedly in the following year.
In value terms, jewelry exports declined to $8.9B in 2022. The total export value increased at an average annual rate of +4.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 46%. As a result, the exports reached the peak of $9.3B, and then dropped modestly in the following year.
| Export of Jewelry in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,786 | 1,041 | 1,696 | 1,618 | -3.2% |
| China | 533 | 1,559 | 2,311 | 1,403 | 38.1% |
| Macao SAR | 737 | 410 | 1,126 | 969 | 9.6% |
| Taiwan (Chinese) | 291 | 476 | 793 | 920 | 46.8% |
| United Kingdom | 568 | 288 | 477 | 472 | -6.0% |
| United Arab Emirates | 511 | 121 | 151 | 387 | -8.8% |
| France | 384 | 202 | 280 | 301 | -7.8% |
| Thailand | 142 | 157 | 211 | 235 | 18.3% |
| Italy | 98.9 | 107 | 178 | 228 | 32.1% |
| Australia | 112 | 88.1 | 138 | 170 | 14.9% |
| Germany | 62.5 | 81.4 | 109 | 114 | 22.2% |
| Canada | 77.3 | 47.6 | 69.4 | 74.7 | -1.1% |
| Spain | 33.8 | 18.4 | 38.2 | 36.8 | 2.9% |
| Others | 2,532 | 1,782 | 1,724 | 1,934 | -8.6% |
| Total | 7,871 | 6,380 | 9,301 | 8,863 | 4.0% |
Top Export Markets for Jewelry from Hong Kong SAR in 2022:
- United States (99.9 tons)
- China (31.8 tons)
- Germany (14.8 tons)
- France (11.6 tons)
- Italy (11.5 tons)
- Spain (9.2 tons)
- Macao SAR (9.2 tons)
- United Kingdom (8.8 tons)
- Taiwan (Chinese) (7.0 tons)
- United Arab Emirates (5.9 tons)
- Australia (5.4 tons)
- Canada (4.7 tons)
- Thailand (4.4 tons)
This report provides an in-depth analysis of the jewelry market in Hong Kong SAR, China. 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:
- Prodcom 32121330 - Articles of jewellery and parts thereof of precious metal (including plated, clad)
- Prodcom 32121351 - Articles of goldsmiths
- Prodcom 32121353 - Articles of goldsmiths
- Prodcom 32121355 - Articles of goldsmiths
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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
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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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