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Iceland - Jewellery - Market Analysis, Forecast, Size, Trends and Insights
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Iceland: Jewellery Market Overview 2020

Jewellery Market Size in Iceland

The revenue of the jewellery market in Iceland amounted to $X in 2018, reducing 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). Over the period under review, jewellery consumption, however, continues to indicate a drastic decline. The growth pace was the most rapid in 2017 when the market value increased by X% year-to-year. Over the period under review, the jewellery market reached its maximum level at $X in 2008; however, from 2009 to 2018, consumption remained at a lower figure.

Jewellery Exports

Exports from Iceland

In 2018, the amount of jewellery exported from Iceland amounted to X kg, rising by X% against the previous year. In general, jewellery exports, however, continue to indicate an abrupt reduction. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Iceland exports peaked at X kg in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, jewellery exports stood at $X in 2018. Overall, jewellery exports, however, continue to indicate slight growth. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. In that year, jewellery exports attained their peak of $X. From 2010 to 2018, the growth of jewellery exports remained at a lower figure.

Exports by Country

Japan was the key exporter of jewellery in the world, with the volume of exports accounting for X tonnes, which was near X% of total exports in 2018. The U.S. (X tonnes) held the second position in the ranking, followed by Switzerland (X tonnes). All these countries together took near X% share of total exports. Italy (X tonnes), Thailand (X tonnes), Spain (X tonnes), India (X tonnes), the UK (X tonnes), Germany (X tonnes) and China (X tonnes) followed a long way behind the leaders.

Japan was also the fastest-growing in terms of the jewellery exports, with a CAGR of +X% from 2007 to 2018. At the same time, Switzerland (+X%), Spain (+X%), the U.S. (+X%) and Germany (+X%) displayed positive paces of growth. The UK experienced a relatively flat trend pattern. By contrast, Italy (-X%), Thailand (-X%), China (-X%) and India (-X%) illustrated a downward trend over the same period. Japan (+X p.p.), the U.S. (+X p.p.), Switzerland (+X p.p.) and Spain (+X p.p.) significantly strengthened its position in terms of the global exports, while China, Italy, Thailand and India saw its share reduced by -X%, -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), China ($X) and the U.S. ($X) were the countries with the highest levels of exports in 2018, together comprising X% of total exports. Italy, Switzerland, the UK, Thailand, Japan, Germany, Spain and Iceland lagged somewhat behind, together comprising a further X experienced the highest growth rate of exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The jewellery export price in Iceland stood at $X per tonne in 2018, going up by X% against the previous year. Over the period under review, the jewellery export price continues to indicate resilient growth. The pace of growth appeared the most rapid in 2009 when the export price increased by X% y-o-y. In that year, the export prices for jewellery reached their peak level of $X per tonne. From 2010 to 2018, the growth in terms of the export prices for jewellery failed to regain its momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was China ($X per tonne), while Japan ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

Jewellery Imports

Imports into Iceland

In 2018, the jewellery imports into Iceland amounted to X tonnes, jumping by X% against the previous year. Over the period under review, jewellery imports, however, continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, jewellery imports attained their maximum at X tonnes in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, jewellery imports totaled $X in 2018. Overall, jewellery imports, however, continue to indicate a deep decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Iceland imports peaked at $X in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Japan was the key importer of jewellery in the world, with the volume of imports accounting for X tonnes, which was approx. X% of total imports in 2018. The UK (X tonnes) occupied a X% share (based on tonnes) of total imports, which put it in second place, followed by the United Arab Emirates (X%) and Switzerland (X%). The following importers - Canada (X tonnes), the U.S. (X tonnes), China, Hong Kong SAR (X tonnes), Sudan (X tonnes), Singapore (X tonnes), France (X tonnes) and Spain (X tonnes) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to jewellery imports into Japan stood at +X%. At the same time, Sudan (+X%), Canada (+X%), Switzerland (+X%), Singapore (+X%), the United Arab Emirates (+X%), Spain (+X%), France (+X%), the UK (+X%) and China, Hong Kong SAR (+X%) displayed positive paces of growth. Moreover, Sudan emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, the U.S. (-X%) illustrated a downward trend over the same period. Japan (+X p.p.), the UK (+X p.p.), the United Arab Emirates (+X p.p.), Switzerland (+X p.p.), Canada (+X p.p.), Sudan (+X p.p.), Singapore (+X p.p.) and China, Hong Kong SAR (+X p.p.) significantly strengthened its position in terms of the global imports, while the U.S. saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest jewellery importing markets into Iceland were China, Hong Kong SAR ($X), the United Arab Emirates ($X) and Switzerland ($X), with a combined X% share of total imports.

China, Hong Kong SAR recorded the highest rates of growth with regard to imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The jewellery import price in Iceland stood at $X per tonne in 2018, reducing by -X% against the previous year. Overall, the jewellery import price continues to indicate a drastic contraction. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. Iceland import price peaked at $X per tonne in 2008; however, from 2009 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was China, Hong Kong SAR ($X per tonne), while Sudan ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform

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

This report provides an in-depth analysis of the jewellery market in Iceland. 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.


Country coverage:
• Iceland

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Iceland
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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