Italy: Jewelry Market Overview 2020

Jewelry Market Size in Italy

The value of the jewelry market in Italy totaled $X in 2019, flattening at 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). The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Jewelry consumption peaked at $X in 2017; however, from 2018 to 2019, consumption failed to regain its momentum.

Jewelry Exports

Exports from Italy

In 2019, the amount of jewelry exported from Italy reduced remarkably to X kg, falling by -X% compared with the previous year. Over the period under review, jewelry exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, jewelry exports reached their maximum at X tonnes in 2007; however, from 2008 to 2019, exports failed to regain their momentum.

In value terms, jewelry exports shrank significantly to $X in 2019. In general, jewelry exports saw a modest expansion. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Exports peaked at $X in 2018, and then declined slightly in the following year.

Exports by Country

The U.S. (X tonnes), Romania (X tonnes) and Spain (X tonnes) were the main destinations of jewelry exports from Italy, together accounting for X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for jewelry exported from Italy were Switzerland ($X), the United Arab Emirates ($X) and the U.S. ($X), with a combined X% share of total exports. These countries were followed by China, Hong Kong SAR, France, the UK, Germany, Spain, Romania, Israel, Poland and Portugal, which together accounted for a further X the main countries of destination, Romania recorded 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.

Jewelry Imports

Imports into Italy

In 2019, the amount of jewelry imported into Italy reduced dramatically to X kg, shrinking by -X% compared with the previous year's figure. Over the period under review, jewelry imports, however, saw moderate growth. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. In that year, jewelry imports reached their peak of X tonnes. From 2016 to 2019, the growth of jewelry imports remained at a somewhat lower figure.

In value terms, jewelry imports contracted sharply to $X in 2019. In general, jewelry imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Imports peaked at $X in 2018, and then declined slightly in the following year.

Imports by Country

Germany (X tonnes), Romania (X tonnes) and France (X tonnes) were the main suppliers of jewelry imports to Italy.

From 2007 to 2018, the biggest increases were in Sweden, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest jewelry suppliers to Italy were Switzerland ($X), France ($X) and Germany ($X), with a combined X% share of total imports.

France recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for jewelry in the world?

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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), with a combined 38% share of global consumption. These countries were followed by India, China, Hong Kong SAR, Japan, Germany, Pakistan, Indonesia, Bangladesh, France and Nigeria, which together accounted for a further 24%.

What are the largest producers of jewelry in the world?

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Japan (21K tonnes) remains the largest jewelry producing country worldwide, 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 suppliers of jewelry to Italy?

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In value terms, Switzerland ($802M), France ($422M) and Germany ($292M) constituted the largest jewelry suppliers to Italy, with a combined 74% share of total imports.

What are the leading importers of jewelry from Italy?

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In value terms, the largest markets for jewelry exported from Italy were Switzerland ($1.2B), the United Arab Emirates ($770M) and the U.S. ($719M), together accounting for 38% of total exports. These countries were followed by China, Hong Kong SAR, France, the UK, Germany, Spain, Romania, Israel, Poland and Portugal, which together accounted for a further 28%.

What is the average export price for jewelry in Italy?

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Italy has no trade partners to describe.

What is the average import price for jewelry in Italy?

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Italy has no trade partners to describe.