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Global Jewelry Market Overview 2020

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Global Jewelry Market Overview 2020


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.


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