
Greece - Jewelry - Market Analysis, Forecast, Size, Trends and Insights
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Greece: Jewelry Market Overview 2020
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Jewelry Market Size in Greece
The size of the jewelry market in Greece shrank to $X in 2019, lowering by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, jewelry consumption recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 when the market value increased by X% y-o-y. Jewelry consumption peaked at $X in 2007; however, from 2008 to 2019, consumption remained at a lower figure.
Jewelry Exports
Exports from Greece
For the third consecutive year, Greece recorded decline in exports of jewelry, which decreased by -X% to X kg in 2019. Overall, jewelry exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Over the period under review, jewelry exports attained their peak figure at X tonnes in 2012; however, from 2013 to 2019, exports failed to regain their momentum.
In value terms, jewelry exports dropped significantly to $X in 2019. Overall, jewelry exports posted a significant expansion. The growth pace was the most rapid in 2008 when exports increased by X% against the previous year. Exports peaked at $X in 2013; however, from 2014 to 2019, exports failed to regain their momentum.
Exports by Country
Kuwait (X tonnes) was the main destination for jewelry exports from Greece, accounting for a X% share of total exports. Moreover, jewelry exports to Kuwait exceeded the volume sent to the second major destination, Israel (X tonnes), fivefold. Russia (X tonnes) ranked third in terms of total exports with a X% share.
From 2007 to 2018, the average annual growth rate of volume to Kuwait amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+X% per year) and Russia (+X% per year).
In value terms, the UK ($X), Italy ($X) and the U.S. ($X) constituted the largest markets for jewelry exported from Greece worldwide, together comprising X% of total exports. Cyprus, Turkey, Spain, Romania, Russia, Israel, Ukraine and Kuwait lagged somewhat behind, together comprising a further X terms of the main countries of destination, Turkey 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.
Jewelry Imports
Imports into Greece
In 2019, the imports of jewelry into Greece went down significantly to X kg, reducing by -X% on the previous year's figure. Over the period under review, jewelry imports faced an abrupt descent. The pace of growth appeared the most rapid in 2014 when imports increased by X% year-to-year. Over the period under review, jewelry imports attained their peak figure at X tonnes in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.
In value terms, jewelry imports declined remarkably to $X in 2019. In general, jewelry imports showed a perceptible reduction. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, jewelry imports hit record highs at $X in 2008; however, from 2009 to 2019, imports failed to regain their momentum.
Imports by Country
In 2018, Italy (X tonnes) constituted the largest jewelry supplier to Greece, with a X% share of total imports. Moreover, jewelry imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tonnes), ninefold. The third position in this ranking was occupied by France (X tonnes), with a X% share.
From 2007 to 2018, the average annual growth rate of volume from Italy amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and France (+X% per year).
In value terms, Italy ($X) constituted the largest supplier of jewelry to Greece, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by France, with a X% share.
From 2007 to 2018, the average annual rate of growth in terms of value from Italy stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and France (+X% per year).
Source: IndexBox AI Platform
Frequently Asked Questions (FAQ) :
What are the largest markets for jewelry in the world?+
The countries with the highest volumes of jewelry consumption in 2019 were the UK (8.2K tonnes), China (5.8K tonnes) and the U.S. (3K tonnes), together accounting for 38% of global consumption. India, China, Hong Kong SAR, Japan, Germany, Pakistan, Indonesia, Bangladesh, France and Nigeria lagged somewhat behind, together comprising a further 24%.
What are the largest producers of jewelry in the world?+
Japan (21K tonnes) constituted the country with the largest volume of jewelry production, comprising approx. 40% of total volume. Moreover, jewelry production in Japan exceeded the figures recorded by the second-largest producer, China (6.3K tonnes), threefold. India (3.1K tonnes) ranked third in terms of total production with a 5.7% share.
What are the leading exporters of jewelry to Greece?+
In value terms, Italy ($45M) constituted the largest supplier of jewelry to Greece, comprising 42% of total imports. The second position in the ranking was occupied by China ($14M), with a 13% share of total imports. It was followed by France, with a 8.4% share.
What are the leading importers of jewelry from Greece?+
In value terms, the largest markets for jewelry exported from Greece were the UK ($10M), Italy ($8M) and the U.S. ($4.8M), together accounting for 50% of total exports. Cyprus, Turkey, Spain, Romania, Russia, Israel, Ukraine and Kuwait lagged somewhat behind, together accounting for a further 23%.
What is the average export price for jewelry in Greece?+
Greece has no trade partners to describe.
What is the average import price for jewelry in Greece?+
Greece has no trade partners to describe.
This report provides an in-depth analysis of the jewelry market in Greece. 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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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