Spain: Jewelry Market Overview 2021

Jewelry Market Size in Spain

After three years of growth, the Spanish jewelry market decreased by -X% to $X in 2020. Over the period under review, consumption saw a abrupt descent. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. Jewelry consumption peaked at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Jewelry Production in Spain

In value terms, jewelry production declined significantly to $X in 2020 estimated in export prices. Overall, production showed a abrupt slump. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

Jewelry Exports

Exports from Spain

In 2020, approx. X tonnes of jewelry were exported from Spain; which is down by -X% against the previous year. The total export volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at X tonnes in 2014; however, from 2015 to 2020, exports remained at a lower figure.

In value terms, jewelry exports reduced dramatically to $X in 2020. Overall, exports, however, posted a modest expansion. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. As a result, exports attained the peak of $X. from 2012 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

France (X tonnes) was the main destination for jewelry exports from Spain, accounting for a X% share of total exports. Moreover, jewelry exports to France exceeded the volume sent to the second major destination, Portugal (X tonnes), fourfold. The U.S. (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to France stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+X% per year) and the U.S. (-X% per year).

In value terms, the U.S. ($X), France ($X) and Mexico ($X) constituted the largest markets for jewelry exported from Spain worldwide, with a combined X% share of total exports. These countries were followed by Portugal, Italy, Germany, Israel, the UK and Chile, which together accounted for a further X recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average jewelry export price stood at $X per kg in 2020, declining by -X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, average export prices attained the maximum at $X per kg in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Mexico ($X per kg), while the average price for exports to Chile ($X per kg) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced mixed trend patterns.

Jewelry Imports

Imports into Spain

In 2020, overseas purchases of jewelry decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Overall, imports showed a mild slump. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

In value terms, jewelry imports dropped dramatically to $X in 2020. Over the period under review, imports recorded a perceptible descent. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Imports peaked at $X in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

Imports by Country

Thailand (X tonnes), China (X tonnes) and Italy (X tonnes) were the main suppliers of jewelry imports to Spain, with a combined X% share of total imports. France, Ireland, the UK, India, Denmark, Hong Kong SAR, Greece, Germany and the Czech Republic lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest jewelry suppliers to Spain were Thailand ($X), Italy ($X) and France ($X), together accounting for X% of total imports. China, India, Ireland, Germany, Hong Kong SAR, Denmark, Greece, the UK and the Czech Republic lagged somewhat behind, together comprising a further X saw the highest rates of growth with regard to 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.

Import Prices by Country

In 2020, the average jewelry import price amounted to $X per kg, with a decrease of -X% against the previous year. Over the period under review, the import price continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2015 an increase of X% year-to-year. As a result, import price reached the peak level of $X per kg. from 2016 to 2020, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was India ($X per kg), while the price for the Czech Republic ($X per kg) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox 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 2020 were China (4.5K tonnes), the UK (4K tonnes) and the United Arab Emirates (2.8K tonnes), together accounting for 35% of global consumption.

What are the largest producers of jewelry in the world?

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The countries with the highest volumes of jewelry production in 2020 were China (5K tonnes), India (2.5K tonnes) and Italy (1.6K tonnes), together comprising 36% of global production. Thailand, Indonesia, Pakistan, Japan, Bangladesh, Mexico, Brazil, Turkey, the U.S. and Ethiopia lagged somewhat behind, together accounting for a further 26%.

What are the leading suppliers of jewelry to Spain?

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In value terms, Thailand ($61M), Italy ($55M) and France ($45M) were the largest jewelry suppliers to Spain, with a combined 50% share of total imports. China, India, Ireland, Germany, Hong Kong SAR, Denmark, Greece, the UK and the Czech Republic lagged somewhat behind, together accounting for a further 33%.

What are the leading importers of jewelry from Spain?

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In value terms, the U.S. ($63M), France ($61M) and Mexico ($24M) were the largest markets for jewelry exported from Spain worldwide, together comprising 43% of total exports. Portugal, Italy, Germany, Israel, the UK and Chile lagged somewhat behind, together accounting for a further 20%.

What is the average export price for jewelry in Spain?

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In 2020, the average jewelry export price amounted to $946 per kg, dropping by -8.4% against the previous year.

What is the average import price for jewelry in Spain?

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In 2020, the average jewelry import price amounted to $832 per kg, reducing by -14.2% against the previous year.