U.S. - Jewelry - Market Analysis, Forecast, Size, Trends and Insights
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View PricingJewelry Price in the United States - 2023
Contents:
- Jewelry Price in the United States (CIF) - 2023
- Jewelry Price in the United States (FOB) - 2023
- Jewelry Imports in the United States
- Jewelry Exports in the United States
Jewelry Price in the United States (CIF) - 2023
The average jewelry import price stood at $6.2M per ton in September 2023, jumping by 26% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in May 2023 when the average import price increased by 50% against the previous month. Over the period under review, average import prices reached the maximum at $6.2M per ton in September 2022; afterwards, it flattened through to September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was France ($14.3M per ton), while the price for Germany ($470K 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 France (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Jewelry Price in the United States (FOB) - 2023
In September 2023, the average jewelry export price amounted to $18.8M per ton, picking up by 41% against the previous month. Overall, the export price recorded a moderate expansion. The growth pace was the most rapid in February 2023 when the average export price increased by 126% month-to-month. As a result, the export price attained the peak level of $24,897 per kg; afterwards, it flattened through to September 2023.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Hong Kong SAR ($103M per ton), while the average price for exports to Mexico ($2.5M per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.
Jewelry Imports in the United States
Jewelry imports into the United States dropped rapidly to 2.3K tons in 2022, shrinking by -21.4% compared with the year before. Overall, total imports indicated a measured increase from 2019 to 2022: its volume increased at an average annual rate of +3.0% 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 +26.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 61% against the previous year. As a result, imports attained the peak of 2.9K tons, and then fell notably in the following year.
In value terms, jewelry imports dropped to $13.1B in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 84%. As a result, imports reached the peak of $14.1B, and then fell in the following year.
| Import of Jewelry in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,965 | 1,719 | 3,567 | 3,307 | 18.9% |
| Italy | 988 | 984 | 1,709 | 1,612 | 17.7% |
| Thailand | 791 | 748 | 1,249 | 1,326 | 18.8% |
| France | 962 | 616 | 1,129 | 934 | -1.0% |
| Hong Kong SAR | 300 | 375 | 712 | 684 | 31.6% |
| Turkey | 331 | 273 | 576 | 523 | 16.5% |
| China | 1,007 | 330 | 557 | 476 | -22.1% |
| Dominican Republic | 231 | 219 | 371 | 342 | 14.0% |
| Mexico | 219 | 193 | 328 | 315 | 12.9% |
| Indonesia | 401 | 633 | 639 | 278 | -11.5% |
| Israel | 153 | 159 | 220 | 219 | 12.7% |
| Spain | 76.3 | 56.1 | 91.8 | 90.8 | 6.0% |
| Taiwan (Chinese) | 31.2 | 25.9 | 21.9 | 35.0 | 3.9% |
| Others | 1,403 | 1,318 | 2,888 | 3,004 | 28.9% |
| Total | 8,858 | 7,647 | 14,058 | 13,147 | 14.1% |
Top Suppliers of Jewelry to the United States in 2022:
- China (551.9 tons)
- Thailand (417.1 tons)
- India (342.9 tons)
- Italy (259.5 tons)
- Indonesia (67.8 tons)
- Turkey (63.7 tons)
- France (62.5 tons)
- Dominican Republic (55.6 tons)
- Hong Kong SAR (55.2 tons)
- Taiwan (Chinese) (54.2 tons)
- Spain (36.6 tons)
- Mexico (35.5 tons)
- Israel (31.0 tons)
Jewelry Exports in the United States
Jewelry exports from the United States skyrocketed to 1K tons in 2022, jumping by 25% against the year before. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 55%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, jewelry exports skyrocketed to $9.7B in 2022. Over the period under review, total exports indicated a modest expansion from 2019 to 2022: its value 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, exports increased by +82.2% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 38% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Jewelry in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 1,973 | 615 | 994 | 1,546 | -7.8% |
| Hong Kong SAR | 1,898 | 742 | 836 | 1,002 | -19.2% |
| Canada | 556 | 497 | 671 | 780 | 11.9% |
| United Kingdom | 486 | 344 | 471 | 735 | 14.8% |
| Japan | 697 | 497 | 621 | 705 | 0.4% |
| Dominican Republic | 383 | 326 | 562 | 467 | 6.8% |
| India | 270 | 193 | 357 | 421 | 16.0% |
| Mexico | 224 | 130 | 211 | 377 | 18.9% |
| Thailand | 131 | 62.2 | 96.1 | 147 | 3.9% |
| Germany | 104 | 103 | 110 | 132 | 8.3% |
| Chile | 18.0 | 4.6 | 14.5 | 26.6 | 13.9% |
| Others | 2,460 | 1,781 | 2,364 | 3,312 | 10.4% |
| Total | 9,202 | 5,295 | 7,307 | 9,650 | 1.6% |
Top Export Markets for Jewelry from the United States in 2022:
- Switzerland (245.6 tons)
- Canada (178.8 tons)
- Mexico (109.8 tons)
- Japan (63.8 tons)
- Dominican Republic (53.6 tons)
- Hong Kong SAR (44.0 tons)
- United Kingdom (42.6 tons)
- India (42.1 tons)
- Germany (16.4 tons)
- Chile (15.5 tons)
- Thailand (14.5 tons)
This report provides an in-depth analysis of the jewelry 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:
- 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:
- 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
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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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