Latest Report Update: Jul 11, 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 amounted to $X in 2019, remaining stable against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2008 when the market value increased by X% against the previous year. Global consumption peaked in 2019 and is expected to retain growth in years to come.

Jewelry Production

In value terms, jewelry production contracted significantly to $X in 2019 estimated in export prices. Overall, production, however, continues to indicate noticeable growth. The pace of growth was the most pronounced in 2018 when the production volume increased by X% year-to-year. As a result, production attained the peak level of $X, and then dropped dramatically in the following year.

Production By Country

Thailand (X tonnes) constituted the country with the largest volume of jewelry production, comprising approx. 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.

From 2007 to 2019, the average annual rate of growth in terms of volume in Thailand totaled +X%. The remaining producing countries recorded the following average annual rates of production growth: China (+X% per year) and Switzerland (+X% per year).

Jewelry Exports

Exports

In 2019, shipments abroad of jewelry decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year rising trend. In general, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2018 when exports increased by X% y-o-y. As a result, exports reached the peak of X tonnes, and then shrank sharply in the following year.

In value terms, jewelry exports totaled $X in 2019. Overall, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, global exports hit record highs in 2019 and are expected to retain growth in the immediate term.

Exports by Country

Thailand represented the key exporting country with an export of about X tonnes, which reached X% of total exports. Switzerland (X tonnes) held the second position in the ranking, followed by the U.S. (X tonnes) and India (X tonnes). All these countries together took near X% share of total exports. The following exporters - Italy (X tonnes), the UK (X tonnes), Viet Nam (X tonnes), Germany (X tonnes) and China (X tonnes) - together made up X% of total exports.

From 2007 to 2019, average annual rates of growth with regard to jewelry exports from Thailand stood at +X%. 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. While the share of Thailand (+X p.p.), Switzerland (+X p.p.), the U.S. (+X p.p.) and Viet Nam (+X p.p.) increased significantly in terms of the global exports from 2007-2019, the share of India (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), China ($X) and Switzerland ($X) appeared to be the countries with the highest levels of exports in 2019, together accounting for X% of global exports.

Among the main exporting countries, Switzerland saw 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

In 2019, the average jewelry export price amounted to $X per kg, rising by X% against the previous year. Over the period under review, the export price saw a mild expansion. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. Over the period under review, average export prices attained the peak figure at $X per kg in 2016; however, from 2017 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was China ($X per kg), while Thailand ($X per kg) 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, after two years of growth, there was significant decline in supplies from abroad of jewelry, when their volume decreased by -X% to X tonnes. In general, total imports indicated tangible growth 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% y-o-y. Global imports peaked at X tonnes in 2018, and then declined in the following year.

In value terms, jewelry imports expanded notably to $X in 2019. Overall, total imports indicated a prominent increase 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 when imports increased by X% y-o-y. Over the period under review, global imports reached the peak figure in 2019 and are expected to retain growth in the immediate term.

Imports by Country

The UK (X tonnes) and the United Arab Emirates (X tonnes) were the main importers of jewelry in 2019, finishing at near X% and X% of total imports, respectively. Canada (X tonnes) occupied the next position in the ranking, followed by the U.S. (X tonnes) and Switzerland (X tonnes). All these countries together occupied 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, the largest jewelry importing markets worldwide were Switzerland ($X), the United Arab Emirates ($X) and China, Hong Kong SAR ($X), with a combined X% share of global imports.

Switzerland saw the highest rates of growth with regard to the value of imports, in terms of 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 kg, picking up by X% against the previous year. In general, import price indicated moderate growth 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 was the most pronounced in 2008 an increase of X% y-o-y. Over the period under review, average import prices reached the maximum at $X per kg in 2012; however, from 2013 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was China, Hong Kong SAR ($X per kg), while Canada ($X per kg) 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 comprising 33% of global consumption.
What are the largest producers of jewelry in the world?
+
The country with the largest volume of jewelry production was Thailand (21K tonnes), accounting for 37% of total volume. Moreover, jewelry production in Thailand exceeded the figures recorded by the second-largest producer, China (6.3K tonnes), threefold. The third position in this ranking was occupied by Switzerland (5.6K tonnes), with a 10% share.
What are the leading suppliers of jewelry in the world?
+
In value terms, the largest jewelry supplying countries worldwide were India ($16.3B), China ($15.8B) and Switzerland ($11.7B), 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?
+
The average jewelry export price stood at $2,401 per kg in 2019, surging 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 per kg in 2019, rising 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:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• 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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