Denmark: Jewelry Market 2024

Jewelry Market Size in Denmark

In 2022, the Danish jewelry market decreased by X% to $X, falling for the fourth consecutive year after two years of growth. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Jewelry Production in Denmark

In value terms, jewelry production soared to $X in 2022 estimated in export price. Over the period under review, production, however, faced a abrupt shrinkage. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Jewelry Exports

Exports from Denmark

In 2022, approx. X tons of jewelry were exported from Denmark; rising by X% on the year before. Over the period under review, exports continue to indicate a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, jewelry exports surged to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X tons), Germany (X tons) and Sweden (X tons) were the main destinations of jewelry exports from Denmark, with a combined X% share of total exports. Belgium, the UK, Turkey, Poland, France, Italy, Iceland, the Netherlands, the United States and Switzerland lagged somewhat behind, together comprising a further X%.

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

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

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

Export Prices by Country

In 2022, the average jewelry export price amounted to $X per kg, declining by X% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per kg in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per kg), while the average price for exports to Turkey ($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 Iceland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Jewelry Imports

Imports into Denmark

Jewelry imports into Denmark skyrocketed to X tons in 2022, rising by X% on 2021. Overall, total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, jewelry imports rose to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Thailand (X tons), China (X tons) and Italy (X tons) were the main suppliers of jewelry imports to Denmark, with a combined X% share of total imports. The United Arab Emirates, Germany, France, India, the UK, the United States, Norway, Sweden, Lithuania and the Netherlands lagged somewhat behind, together comprising a further X%.

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

In value terms, Thailand ($X) constituted the largest supplier of jewelry to Denmark, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by India, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and India (X% per year).

Import Prices by Country

The average jewelry import price stood at $X per kg in 2022, waning by X% against the previous year. Overall, the import price continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per kg in 2017; however, from 2018 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 ($X per kg), while the price for the UK ($X per kg) was amongst the lowest.

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

Source: IndexBox Platform

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