Mexico - Jewelry - Market Analysis, Forecast, Size, Trends and Insights
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View PricingJewelry Price in Mexico - 2023
Contents:
- Jewelry Price in Mexico (CIF) - 2022
- Jewelry Price in Mexico (FOB) - 2022
- Jewelry Imports in Mexico
- Jewelry Exports in Mexico
Jewelry Price in Mexico (CIF) - 2022
The average jewelry import price stood at $3,819,583 per ton in 2022, surging by 28% against the previous year. In general, the import price, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by 32%. Over the period under review, average import prices attained the maximum at $5,204,599 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($25,055,949 per ton), while the price for China ($701,658 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Jewelry Price in Mexico (FOB) - 2022
In 2022, the average jewelry export price amounted to $999,726 per ton, declining by -52.6% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2015 when the average export price increased by 255% against the previous year. As a result, the export price attained the peak level of $10,770 per kg. From 2016 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -11.4% per year.
Jewelry Imports in Mexico
In 2022, the amount of jewelry imported into Mexico rose remarkably to 201 tons, with an increase of 9.2% compared with 2021. Over the period under review, total imports indicated a mild increase from 2019 to 2022: its volume increased at an average annual rate of +1.6% 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 +73.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 59%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, jewelry imports surged to $767M in 2022. Overall, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 104%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Jewelry in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 98.6 | 59.4 | 132 | 173 | 20.6% |
| United States | 164 | 92.3 | 168 | 171 | 1.4% |
| Turkey | 58.0 | 36.5 | 88.0 | 140 | 34.1% |
| Thailand | 47.6 | 22.2 | 47.5 | 116 | 34.6% |
| Spain | 21.1 | 14.7 | 35.0 | 51.9 | 35.0% |
| China | 24.3 | 20.4 | 37.3 | 50.1 | 27.3% |
| India | 14.2 | 10.5 | 19.3 | 32.6 | 31.9% |
| Others | 32.6 | 13.7 | 24.3 | 32.7 | 0.1% |
| Total | 461 | 270 | 551 | 767 | 18.5% |
Top Suppliers of Jewelry to Mexico in 2022:
- China (71.4 tons)
- Thailand (49.6 tons)
- United States (38.7 tons)
- Italy (12.7 tons)
- India (11.4 tons)
- Spain (8.6 tons)
- Turkey (5.6 tons)
Jewelry Exports in Mexico
In 2022, approx. 402 tons of jewelry were exported from Mexico; with an increase of 99% on the previous year. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 349%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, jewelry exports contracted to $402M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +10.6% 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 +65.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 75% against the previous year. As a result, the exports attained the peak of $426M, and then dropped in the following year.
| Export of Jewelry in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 263 | 224 | 410 | 390 | 14.0% |
| Others | 34.3 | 19.6 | 15.9 | 12.1 | -29.3% |
| Total | 297 | 243 | 426 | 402 | 10.6% |
Top Export Markets for Jewelry from Mexico in 2022:
- United States (400.0 tons)
This report provides an in-depth analysis of the jewelry market in Mexico. 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:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- 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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