Sweden: Jewelry Market Overview 2020

Jewelry Market Size in Sweden

In 2019, the market value of jewelry increased by X% in Sweden to $X for the first time since 2015, thus ending a three-year declining trend. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Jewelry consumption peaked at $X in 2012; however, from 2013 to 2019, consumption remained at a lower figure.

Jewelry Exports

Exports from Sweden

The exports of jewelry decreased by -X% from Sweden to X kg for the second year in a row after two years of growth. Over the period under review, jewelry exports recorded a temperate deduction. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, jewelry exports attained their maximum at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, jewelry exports declined notably to $X in 2019. Overall, jewelry exports recorded a pronounced decrease. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Over the period under review, jewelry exports attained their peak figure at $X in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Norway (X tonnes) was the main destination for jewelry exports from Sweden, accounting for a X% share of total exports. Moreover, jewelry exports to Norway exceeded the volume sent to the second major destination, Finland (X tonnes), threefold. The third position in this ranking was occupied by the U.S. (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Norway stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+X% per year) and the U.S. (+X% per year).

In value terms, Italy ($X) remains the key foreign market for jewelry exports from Sweden, comprising X% of total exports. The second position in the ranking was occupied by Norway ($X), with a X% share of total exports. It was followed by Finland, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Italy amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-X% per year) and Finland (-X% per year).

Jewelry Imports

Imports into Sweden

In 2019, the imports of jewelry into Sweden shrank markedly to X kg, coming down by -X% compared with the previous year's figure. Overall, jewelry imports showed a deep decline. The pace of growth was the most pronounced in 2011 when imports increased by X% y-o-y. Over the period under review, jewelry imports hit record highs at X tonnes in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, jewelry imports declined significantly to $X in 2019. Overall, jewelry imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Imports peaked at $X in 2011; however, from 2012 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tonnes), Thailand (X tonnes) and China (X tonnes) were the main suppliers of jewelry imports to Sweden, together accounting for X% of total imports. Germany, Denmark, India, the U.S., China, Hong Kong SAR and the UK lagged somewhat behind, together accounting for a further X 2007 to 2018, the biggest increases were in Germany, while purchases for the other leaders experienced a decline.

In value terms, India ($X), Italy ($X) and Germany ($X) constituted the largest jewelry suppliers to Sweden, together comprising X% of total imports. These countries were followed by Thailand, Denmark, China, Hong Kong SAR, China, the U.S. and the UK, which together accounted for a further X saw the highest growth rate of the value of imports, among 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?

+

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?

+

The country with the largest volume of jewelry production was Japan (21K tonnes), 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 exporters of jewelry to Sweden?

+

In value terms, India ($17M), Italy ($17M) and Germany ($12M) appeared to be the largest jewelry suppliers to Sweden, with a combined 49% share of total imports. These countries were followed by Thailand, Denmark, China, Hong Kong SAR, China, the U.S. and the UK, which together accounted for a further 26%.

What are the leading importers of jewelry from Sweden?

+

In value terms, Italy ($8.1M) remains the key foreign market for jewelry exports from Sweden, comprising 34% of total exports. The second position in the ranking was occupied by Norway ($3.5M), with a 15% share of total exports. It was followed by Finland, with a 6% share.

What is the average export price for jewelry in Sweden?

+

Sweden has no trade partners to describe.

What is the average import price for jewelry in Sweden?

+

Sweden has no trade partners to describe.