Report Update Apr 1, 2024

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

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Turkey: Jewelry Market 2024

Jewelry Market Size in Turkey

The Turkish jewelry market dropped remarkably to $X in 2022, declining by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. Jewelry consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Jewelry Production in Turkey

In value terms, jewelry production reduced notably to $X in 2022 estimated in export price. In general, production, however, showed strong growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Jewelry production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Jewelry Exports

Exports from Turkey

In 2022, exports of jewelry from Turkey skyrocketed to X tons, picking up by X% on the previous year's figure. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, jewelry exports surged to $X in 2022. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kyrgyzstan (X tons), the United States (X tons) and Israel (X tons) were the main destinations of jewelry exports from Turkey, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Kyrgyzstan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for jewelry exported from Turkey were the United Arab Emirates ($X), Iraq ($X) and the United States ($X), with a combined X% share of total exports.

Among the main countries of destination, Iraq, with a CAGR of X%, saw 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.

Export Prices by Country

The average jewelry export price stood at $X per kg in 2022, with a decrease of X% against the previous year. In general, the export price recorded a perceptible reduction. The growth pace was the most rapid in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per kg. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per kg), while the average price for exports to Kyrgyzstan ($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 Iraq (X%), while the prices for the other major destinations experienced more modest paces of growth.

Jewelry Imports

Imports into Turkey

In 2022, purchases abroad of jewelry was finally on the rise to reach X tons after two years of decline. Overall, imports, however, recorded a mild curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, jewelry imports soared to $X in 2022. Over the period under review, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Italy (X tons), China (X tons) and Israel (X tons) were the main suppliers of jewelry imports to Turkey, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest jewelry suppliers to Turkey were Italy ($X), the United Arab Emirates ($X) and India ($X), together comprising X% of total imports. China, France, Thailand and Israel lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Israel, with a CAGR of X%, saw 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.

Import Prices by Country

The average jewelry import price stood at $X per kg in 2022, increasing by X% against the previous year. In general, the import price saw a remarkable increase. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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, with a combined 22% share 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 Turkey?

In value terms, the largest jewelry suppliers to Turkey were Italy, the United Arab Emirates and India, together comprising 87% of total imports. China, France, Thailand and Israel lagged somewhat behind, together comprising a further 6%.

What are the leading importers of jewelry from Turkey?

In value terms, the largest markets for jewelry exported from Turkey were the United Arab Emirates, Iraq and the United States, together accounting for 82% of total exports.

What is the average export price for jewelry in Turkey?

The average jewelry export price stood at $4,705 per kg in 2022, which is down by -46.5% against the previous year.

What is the average import price for jewelry in Turkey?

The average jewelry import price stood at $14,402 per kg in 2022, growing by 4.3% against the previous year.

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

Turkey

Data coverage:

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