Latest Report Update: Jun 29, 2020

World - Jewelry - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Global Jewelry Market Overview 2020

Jewelry Market Size

The global jewelry market was estimated at $X in 2019, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2008 when the market value increased by X% y-o-y. Over the period under review, the global market hit record highs in 2019 and is expected to retain growth in years to come.

Jewelry Production

In value terms, jewelry production fell sharply to $X in 2019 estimated in export prices. Overall, production, however, saw a measured expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then declined sharply in the following year.

Production By Country

The country with the largest volume of jewelry production was Thailand (X tonnes), accounting for X% of total volume. Moreover, jewelry production in Thailand exceeded the figures recorded by the second-largest producer, China (X tonnes), threefold. The third position in this ranking was occupied by Switzerland (X tonnes), with a X% share.

In Thailand, jewelry production increased at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: China (+X% per year) and Switzerland (+X% per year).

Jewelry Exports

Exports

In 2019, after two years of growth, there was significant decline in overseas shipments of jewelry, when their volume decreased by -X% to X tonnes. Over the period under review, exports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. As a result, exports attained the peak of X tonnes, and then declined rapidly in the following year.

In value terms, jewelry exports expanded markedly to $X in 2019. Overall, exports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, global exports attained the peak figure in 2019 and are likely to continue growth in years to come.

Exports by Country

Thailand was the largest exporter of jewelry in the world, with the volume of exports finishing at X tonnes, which was near X% of total exports in 2019. Switzerland (X tonnes) ranks second in terms of the total exports with a X% share, followed by the U.S. (X%) and India (X%). Italy (X tonnes), the UK (X tonnes), Viet Nam (X tonnes), Germany (X tonnes) and China (X tonnes) took a relatively small share of total exports.

Exports from Thailand increased at an average annual rate of +X% from 2007 to 2019. At the same time, Viet Nam (+X%), Switzerland (+X%), Germany (+X%), the U.S. (+X%) and the UK (+X%) displayed positive paces of growth. Moreover, Viet Nam emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2019. By contrast, Italy (-X%), China (-X%) and India (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of Thailand, Switzerland, the U.S. and Viet Nam increased by +X%, +X%, +X% and +X% percentage points, while India (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest jewelry supplying countries worldwide were India ($X), China ($X) and Switzerland ($X), together accounting for X% of global exports.

In terms of the main exporting countries, Switzerland recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average jewelry export price stood at $X per tonne in 2019, increasing by X% against the previous year. In general, the export price enjoyed a modest increase. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, average export prices attained the maximum at $X per tonne in 2016; however, from 2017 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was China ($X per tonne), while Thailand ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Jewelry Imports

Imports

In 2019, supplies from abroad of jewelry decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year rising trend. Over the period under review, total imports indicated a notable expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, global imports hit record highs at X tonnes in 2018, and then reduced in the following year.

In value terms, jewelry imports amounted to $X in 2019. In general, total imports indicated buoyant growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Global imports peaked in 2019 and are expected to retain growth in the near future.

Imports by Country

In 2019, the UK (X tonnes) and the United Arab Emirates (X tonnes) represented the main importers of jewelryaround the world, together generating X% of total imports. Canada (X tonnes) took the next position in the ranking, followed by the U.S. (X tonnes) and Switzerland (X tonnes). All these countries together took near X% share of total imports. France (X tonnes), China, Hong Kong SAR (X tonnes), Singapore (X tonnes), Germany (X tonnes), Spain (X tonnes) and Italy (X tonnes) followed a long way behind the leaders.

From 2007 to 2019, the biggest increases were in Canada, while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), the United Arab Emirates ($X) and China, Hong Kong SAR ($X) were the countries with the highest levels of imports in 2019, with a combined X% share of global imports.

Switzerland recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average jewelry import price amounted to $X per tonne, with an increase of X% against the previous year. Overall, import price indicated a temperate expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, jewelry import price increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% against the previous year. Global import price peaked at $X per tonne in 2012; however, from 2013 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was China, Hong Kong SAR ($X per tonne), while Canada ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other global 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 China (5.6K tonnes), the United Arab Emirates (3.6K tonnes) and the UK (2.9K tonnes), together accounting for 33% of global consumption.
What are the largest producers of jewelry in the world?
+
Thailand (21K tonnes) remains the largest jewelry producing country worldwide, comprising approx. 37% of total volume. Moreover, jewelry production in Thailand exceeded the figures recorded by the second-largest producer, China (6.3K tonnes), threefold. Switzerland (5.6K tonnes) ranked third in terms of total production with a 10% share.
What are the leading suppliers of jewelry in the world?
+
In value terms, India ($16.3B), China ($15.8B) and Switzerland ($11.7B) appeared to be the countries with the highest levels of exports in 2019, with a combined 40% share of global exports.
What are the leading importers of jewelry in the world?
+
In value terms, the largest jewelry importing markets worldwide were Switzerland ($17.9B), the United Arab Emirates ($14.5B) and China, Hong Kong SAR ($13.7B), with a combined 48% share of global imports.
What is the average export price for jewelry in the world?
+
In 2019, the average jewelry export price amounted to $2,401,130 per tonne, picking up by 46% against the previous year.
What is the average import price for jewelry in the world?
+
The average jewelry import price stood at $4,347,043 per tonne in 2019, increasing by 15% against the previous year.

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

This report provides an in-depth analysis of the global jewelry market. 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 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Physical Terms, By Country, 2007–2019
Table 7:
Imports, In Value Terms, By Country, 2007–2019
Table 8:
Import Prices, By Country Of Destination, 2007–2019
Table 9:
Exports, In Physical Terms, By Country, 2007–2019
Table 10:
Exports, In Value Terms, By Country, 2007–2019
Table 11:
Export Prices, By Country Of Origin, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2019
Figure 17:
Production, In Value Terms, 2007–2019
Figure 18:
Production, By Country, 2019
Figure 19:
Production, In Physical Terms, By Country, 2007–2019
Figure 20:
Imports, In Physical Terms, 2007–2019
Figure 21:
Imports, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, By Country, 2019
Figure 23:
Imports, In Physical Terms, By Country, 2007–2019
Figure 24:
Imports, In Value Terms, By Country, 2007–2019
Figure 25:
Import Prices, By Country, 2007–2019
Figure 26:
Exports, In Physical Terms, 2007–2019
Figure 27:
Exports, In Value Terms, 2007–2019
Figure 28:
Exports, In Physical Terms, By Country, 2019
Figure 29:
Exports, In Physical Terms, By Country, 2007–2019
Figure 30:
Exports, In Value Terms, By Country, 2007–2019
Figure 31:
Export Prices, 2007–2019

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