U.S.: Jewelry And Silverware Market 2024

Jewelry And Silverware Market Size in the U.S.

In 2023, the U.S. jewelry and silverware market decreased by X% to $X, falling for the third consecutive year after four years of growth. Overall, consumption, however, posted a remarkable increase. As a result, consumption reached the peak level of $X. From 2021 to 2023, the growth of the market remained at a somewhat lower figure.

Jewelry And Silverware Production in the U.S.

In value terms, jewelry and silverware production reduced to $X in 2023. The total output value increased at an average annual rate of X% from 2013 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2022, and then contracted modestly in the following year.

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Jewelry And Silverware Exports

Exports from the U.S.

In 2023, approx. X tons of jewelry and silverware were exported from the United States; falling by X% against 2022 figures. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2022, and then dropped in the following year.

In value terms, jewelry and silverware exports rose rapidly to $X in 2023. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tons), Israel (X tons) and India (X tons) were the main destinations of jewelry and silverware exports from the United States, with a combined X% share of total exports.

From 2013 to 2023, the biggest increases were recorded for Israel (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 and silverware exported from the United States were Hong Kong SAR ($X), India ($X) and Israel ($X), together accounting for X% of total exports. Switzerland, the United Arab Emirates, Belgium, the UK, France, Canada, China, Thailand, Taiwan (Chinese) and Italy lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of 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 and silverware export price stood at $X per kg in 2023, increasing by X% against the previous year. Over the period under review, the export price, however, faced a dramatic decrease. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. The export price peaked at $X per kg in 2018; however, from 2019 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per kg), while the average price for exports to Belgium ($X per kg) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced a decline.

Jewelry And Silverware Imports

Imports into the U.S.

In 2023, imports of jewelry and silverware into the United States reduced to X tons, with a decrease of X% against the previous year's figure. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports failed to regain momentum.

In value terms, jewelry and silverware imports declined to $X in 2023. The total import value increased at an average annual rate of X% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at $X in 2022, and then reduced in the following year.

Imports by Country

India (X tons), China (X tons) and Thailand (X tons) were the main suppliers of jewelry and silverware imports to the United States, together accounting for X% of total imports. Sri Lanka, Israel, Mozambique, Switzerland, Botswana, Vietnam, Belgium, Cambodia and South Africa lagged somewhat behind, together accounting for a further X%.

From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Botswana (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of jewelry and silverware to the United States, comprising X% of total imports. The second position in the ranking was held by Israel ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2013 to 2023, the average annual rate of growth in terms of value from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (X% per year) and China (X% per year).

Import Prices by Country

The average jewelry and silverware import price stood at $X per ton in 2023, declining by X% against the previous year. Overall, the import price showed a deep contraction. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Cambodia ($X per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform