Turkey - Jewelry - Market Analysis, Forecast, Size, Trends and Insights
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View PricingJewelry Price in Turkey - 2023
Contents:
- Jewelry Price in Turkey (FOB) - 2023
- Jewelry Price in Turkey (CIF) - 2022
- Jewelry Exports in Turkey
- Jewelry Imports in Turkey
Jewelry Price in Turkey (FOB) - 2023
The average jewelry export price stood at $16.5M per ton in September 2023, increasing by 7.8% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in June 2023 when the average export price increased by 27% against the previous month. As a result, the export price attained the peak level of $17,430 per kg; afterwards, it flattened through to September 2023.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($48.9M per ton), while the average price for exports to France ($1.7M 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 Libya (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.
Jewelry Price in Turkey (CIF) - 2022
The average jewelry import price stood at $10,602,904 per ton in 2022, remaining stable against the previous year. Over the period under review, the import price saw a remarkable increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 56% against the previous year. As a result, import price attained the peak level of $11,785 per kg. From 2020 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($45,588,946 per ton), while the price for Brazil ($27,636 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+31.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Jewelry Exports in Turkey
In 2022, approx. 498 tons of jewelry were exported from Turkey; dropping by -1.9% on the year before. Over the period under review, exports, however, showed a buoyant expansion. The growth pace was the most rapid in 2021 when exports increased by 110% against the previous year. As a result, the exports reached the peak of 507 tons, and then declined in the following year.
In value terms, jewelry exports soared to $8.2B in 2022. In general, exports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by 90%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Jewelry in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 877 | 613 | 2,043 | 1,876 | 28.8% |
| Iraq | 1,481 | 854 | 1,234 | 1,719 | 5.1% |
| United States | 363 | 322 | 776 | 817 | 31.1% |
| Hong Kong SAR | 266 | 184 | 382 | 526 | 25.5% |
| Libya | 267 | 106 | 355 | 383 | 12.8% |
| Israel | 151 | 140 | 222 | 295 | 25.0% |
| Kyrgyzstan | 101 | 81.1 | 211 | 273 | 39.3% |
| Czech Republic | 40.6 | 34.2 | 88.1 | 225 | 77.0% |
| Egypt | 11.8 | 82.5 | 205 | 176 | 146.2% |
| Germany | 430 | 429 | 123 | 116 | -35.4% |
| Romania | 68.9 | 50.3 | 75.1 | 90.9 | 9.7% |
| United Kingdom | 33.6 | 27.9 | 60.3 | 67.8 | 26.4% |
| Luxembourg | N/A | 0.1 | 0.1 | 37.3 | 1831.3% |
| Others | 1,037 | 671 | 1,063 | 1,599 | 15.5% |
| Total | 5,127 | 3,596 | 6,838 | 8,201 | 17.0% |
Top Export Markets for Jewelry from Turkey in 2022:
- United States (79.5 tons)
- Israel (53.0 tons)
- Iraq (49.7 tons)
- United Arab Emirates (43.6 tons)
- Hong Kong SAR (23.7 tons)
- Libya (22.1 tons)
- Egypt (19.2 tons)
- Germany (16.1 tons)
- Kyrgyzstan (13.7 tons)
- Czech Republic (13.4 tons)
- Luxembourg (11.8 tons)
- Romania (10.9 tons)
- United Kingdom (10.7 tons)
Jewelry Imports in Turkey
In 2022, imports of jewelry into Turkey soared to 113 tons, rising by 46% compared with the previous year. Over the period under review, imports, however, continue to indicate a abrupt contraction.
In value terms, jewelry imports surged to $1.2B in 2022. Overall, imports, however, recorded a abrupt descent.
| Import of Jewelry in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 205 | 137 | 232 | 524 | 36.7% |
| United Arab Emirates | 556 | 285 | 419 | 271 | -21.3% |
| India | 691 | 217 | 79.2 | 233 | -30.4% |
| China | 38.6 | 14.3 | 15.7 | 21.8 | -17.3% |
| Thailand | 12.2 | 8.1 | 8.2 | 15.4 | 8.1% |
| Israel | 6.3 | 8.6 | 15.2 | 14.7 | 32.6% |
| Brazil | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Others | 124 | 93.1 | 40.4 | 116 | -2.2% |
| Total | 1,633 | 763 | 809 | 1,195 | -9.9% |
Top Suppliers of Jewelry to Turkey in 2022:
- Italy (29.2 tons)
- China (26.2 tons)
- Israel (14.9 tons)
- Brazil (12.5 tons)
- Thailand (8.9 tons)
- United Arab Emirates (5.9 tons)
- India (5.3 tons)
This report provides an in-depth analysis of the jewelry market in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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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