Belgium: Jewelry Market 2024

Jewelry Market Size in Belgium

The Belgian jewelry market surged to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Jewelry consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Jewelry Production in Belgium

In value terms, jewelry production expanded significantly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Jewelry Exports

Exports from Belgium

In 2022, shipments abroad of jewelry increased by X% to X tons, rising for the eighth year in a row after two years of decline. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, jewelry exports surged to $X in 2022. Overall, exports posted a buoyant expansion. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

France (X tons) was the main destination for jewelry exports from Belgium, with a X% share of total exports. Moreover, jewelry exports to France exceeded the volume sent to the second major destination, Italy (X tons), sevenfold. The third position in this ranking was held by Spain (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Spain (X% per year).

In value terms, the largest markets for jewelry exported from Belgium were France ($X), the Netherlands ($X) and Germany ($X), together comprising X% of total exports. Italy, the United States, the UK, Poland and Spain lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average jewelry export price stood at $X per kg in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per kg. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per kg), while the average price for exports to France ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Jewelry Imports

Imports into Belgium

In 2022, the amount of jewelry imported into Belgium skyrocketed to X tons, increasing by X% on 2021 figures. Over the period under review, imports posted a tangible expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, jewelry imports fell modestly to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted slightly in the following year.

Imports by Country

Germany (X tons), China (X tons) and France (X tons) were the main suppliers of jewelry imports to Belgium, with a combined X% share of total imports. Italy, the Netherlands, India, the UK, Turkey and Denmark lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), India ($X) and Germany ($X) constituted the largest jewelry suppliers to Belgium, together accounting for X% of total imports. China, Italy, Turkey, the Netherlands, the UK and Denmark lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average jewelry import price stood at $X per kg in 2022, reducing by X% against the previous year. In general, the import price recorded a slight downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per kg in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 India ($X per kg), while the price for the Netherlands ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :