Germany: Jewelry Market 2024

Jewelry Market Size in Germany

In 2022, the German jewelry market increased by X% to $X, rising for the seventh year in a row after three years of decline. In general, consumption continues to indicate a temperate increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Jewelry Production in Germany

In value terms, jewelry production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Jewelry Exports

Exports from Germany

In 2022, after six years of decline, there was growth in shipments abroad of jewelry, when their volume increased by X% to X tons. Over the period under review, exports, however, showed a mild decrease. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, jewelry exports rose sharply to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons), France (X tons) and Spain (X tons) were the main destinations of jewelry exports from Germany, together comprising X% of total exports. Belgium, Poland, Switzerland, the UK, Austria, the Netherlands, the United States, Turkey, Hungary and Ireland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

In terms of the main countries of destination, Spain, with a CAGR of X%, saw the highest growth rate of 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

The average jewelry export price stood at $X per kg in 2022, rising by X% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. The export price peaked in 2022 and is likely to see steady growth in years to come.

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

Jewelry Imports

Imports into Germany

After five years of decline, supplies from abroad of jewelry increased by X% to X tons in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, jewelry imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of jewelry to Germany, accounting for a X% share of total imports. Moreover, jewelry imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

In value terms, Thailand ($X), Switzerland ($X) and Italy ($X) appeared to be the largest jewelry suppliers to Germany, with a combined X% share of total imports. China, Turkey, India, Hong Kong SAR, Poland and the Netherlands lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average jewelry import price amounted to $X per kg, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per kg), while the price for the Netherlands ($X per kg) was amongst the lowest.

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

Source: IndexBox Platform

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