Report Update Apr 1, 2024

Pakistan - Jewelry - Market Analysis, Forecast, Size, Trends and Insights

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Pakistan: Jewelry Market 2024

Jewelry Market Size in Pakistan

The Pakistani jewelry market totaled $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, recorded a slight decrease. Jewelry consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Jewelry Production in Pakistan

In value terms, jewelry production reached $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild decrease. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Jewelry Exports

Exports from Pakistan

In 2022, jewelry exports from Pakistan soared to X tons, increasing by X% against 2021 figures. Overall, exports, however, continue to indicate a perceptible setback. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, jewelry exports surged to $X in 2022. Over the period under review, exports, however, saw a pronounced decline. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for jewelry exports from Pakistan, with a X% share of total exports. It was followed by Thailand (X kg), with a X% share of total exports. The third position in this ranking was held by the United States (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and the United States (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for jewelry exports from Pakistan, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Canada (X% per year).

Export Prices by Country

The average jewelry export price stood at $X per kg in 2022, dropping by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per kg. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per kg), while the average price for exports to the United Arab Emirates ($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 Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Jewelry Imports

Imports into Pakistan

In 2022, the amount of jewelry imported into Pakistan soared to X tons, rising by X% on the previous year. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, jewelry imports reduced rapidly to $X in 2022. Overall, imports, however, faced a abrupt contraction. The growth pace was the most rapid in 2019 when imports increased by X%. Imports peaked at $X in 2021, and then dropped sharply in the following year.

Imports by Country

The United Arab Emirates (X kg), Thailand (X kg) and the United States (X kg) were the main suppliers of jewelry imports to Pakistan, together comprising X% of total imports.

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 mixed trend patterns.

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

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

Import Prices by Country

The average jewelry import price stood at $X per kg in 2022, reducing by X% against the previous year. In general, the import price faced a sharp setback. The pace of growth was the most pronounced in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per kg in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

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Frequently Asked Questions (FAQ) :

What are the largest markets for jewelry in the world?

The countries with the highest volumes of consumption in 2022 were the United States, China and Italy, together comprising 22% of global consumption. India, the United Arab Emirates, Russia, Myanmar, France, Turkey, the UK, Indonesia, Japan and Vietnam lagged somewhat behind, together comprising a further 42%.

What are the largest producers of jewelry in the world?

China remains the largest jewelry producing country worldwide, comprising approx. 24% of total volume. Moreover, jewelry production in China exceeded the figures recorded by the second-largest producer, Turkey, twofold. Thailand ranked third in terms of total production with an 8.5% share.

What are the leading suppliers of jewelry to Pakistan?

In value terms, Thailand constituted the largest supplier of jewelry to Pakistan, comprising 8.8% of total imports. The second position in the ranking was held by the United Arab Emirates, with a 1.8% share of total imports. It was followed by the United States, with a 0.4% share.

What are the leading importers of jewelry from Pakistan?

In value terms, the United Arab Emirates emerged as the key foreign market for jewelry exports from Pakistan, comprising 20% of total exports. The second position in the ranking was held by the United States, with a 6.3% share of total exports. It was followed by Canada, with a 1.6% share.

What is the average export price for jewelry in Pakistan?

In 2022, the average jewelry export price amounted to $3,316 per kg, with a decrease of -59.1% against the previous year.

What is the average import price for jewelry in Pakistan?

In 2022, the average jewelry import price amounted to $301 per kg, dropping by -96.9% against the previous year.

This report provides an in-depth analysis of the jewelry market in Pakistan. 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.

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

Country coverage:

Pakistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Pakistan
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023