Spain: Jewelry Market Overview 2020

Jewelry Market Size in Spain

The market revenue of jewelry decreased by -X% in Spain to $X for the fifth consecutive year after two years of growth. In general, jewelry consumption recorded a deep contraction. The growth pace was the most rapid in 2014 when the market value increased by X% y-o-y. In that year, the jewelry market attained its peak level of $X. From 2015 to 2019, the growth of the jewelry market remained at a lower figure.

Jewelry Exports

Exports from Spain

After two years of growth, the exports of jewelry decreased by -X% from Spain to X kg in 2019. In general, jewelry exports, however, showed remarkable growth. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Exports peaked at X tonnes in 2011; however, from 2012 to 2019, exports remained at a lower figure.

In value terms, jewelry exports declined markedly to $X in 2019. Overall, jewelry exports, however, posted remarkable growth. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Exports peaked at $X in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Germany (X tonnes) was the main destination for jewelry exports from Spain, accounting for a X% share of total exports. Moreover, jewelry exports to Germany exceeded the volume sent to the second major destination, France (X tonnes), sixfold. The third position in this ranking was occupied by Mexico (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and Mexico (+X% per year).

In value terms, the UK ($X), the U.S. ($X) and France ($X) constituted the largest markets for jewelry exported from Spain worldwide, together accounting for X% of total exports. Mexico, Portugal, Saudi Arabia, Andorra, Germany and Chile lagged somewhat behind, together accounting for a further X Arabia recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Jewelry Imports

Imports into Spain

Jewelry imports into Spain reduced sharply to X kg in 2019, dropping by -X% against 2018. Overall, jewelry imports, however, saw a strong expansion. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2014; however, from 2015 to 2019, imports failed to regain their momentum.

In value terms, jewelry imports contracted significantly to $X in 2019. Overall, jewelry imports, however, saw a temperate descent. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, jewelry imports hit record highs at $X in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

Imports by Country

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

From 2007 to 2018, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest jewelry suppliers to Spain were Italy ($X), Germany ($X) and Denmark ($X), together comprising X% of total imports.

Among the main suppliers, Germany recorded the highest rates of growth with regard to the value of imports, 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), together accounting for 38% 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) constituted the country with the largest volume of jewelry production, accounting for 40% of total volume. Moreover, jewelry production in Japan exceeded the figures recorded by the second-largest producer, China (6.3K tonnes), threefold. The third position in this ranking was occupied by India (3.1K tonnes), with a 5.7% share.

What are the leading exporters of jewelry to Spain?

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In value terms, the largest jewelry suppliers to Spain were Italy ($112M), Germany ($78M) and Denmark ($63M), with a combined 60% share of total imports.

What are the leading importers of jewelry from Spain?

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In value terms, the UK ($134M), the U.S. ($104M) and France ($68M) were the largest markets for jewelry exported from Spain worldwide, together accounting for 46% of total exports. Mexico, Portugal, Saudi Arabia, Andorra, Germany and Chile lagged somewhat behind, together accounting for a further 14%.

What is the average export price for jewelry in Spain?

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Spain has no trade partners to describe.

What is the average import price for jewelry in Spain?

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Spain has no trade partners to describe.