EU: Jewelry Market 2024

Jewelry Market Size in the EU

The EU jewelry market soared to $X in 2023, picking up by X% against the previous year. In general, consumption saw a resilient expansion. The level of consumption peaked in 2023 and is likely to continue growth in years to come.

Jewelry Production in the EU

In value terms, jewelry production skyrocketed to $X in 2023 estimated in export price. The total production indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level in 2023 and is likely to continue growth in the near future.

Jewelry Exports

Exports in the EU

In 2023, after two years of growth, there was significant decline in overseas shipments of jewelry, when their volume decreased by X% to X tons. Total exports indicated a tangible expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then shrank in the following year.

In value terms, jewelry exports expanded markedly to $X in 2023. Total exports indicated a strong expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see steady growth in years to come.

Exports by Country

In 2023, Italy (X tons), distantly followed by the Netherlands (X tons), France (X tons), Belgium (X tons), Spain (X tons), Denmark (X tons) and Germany (X tons) were the major exporters of jewelry, together mixing up X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Belgium (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), France ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports. Spain, the Netherlands, Belgium and Denmark lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per kg, jumping by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price attained the peak level of $X per kg. From 2019 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per kg), while Denmark ($X per kg) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Jewelry Imports

Imports in the EU

In 2023, supplies from abroad of jewelry increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. The volume of import peaked in 2023 and is likely to see gradual growth in the near future.

In value terms, jewelry imports expanded to $X in 2023. Total imports indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. The level of import peaked in 2023 and is likely to continue growth in years to come.

Imports by Country

In 2023, France (X tons), distantly followed by Italy (X tons), the Netherlands (X tons), Spain (X tons), Germany (X tons), Ireland (X tons) and Belgium (X tons) represented the main importers of jewelry, together constituting X% of total imports. The following importers - Poland (X tons) and Denmark (X tons) - each recorded a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constitutes the largest market for imported jewelry in the European Union, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

In France, jewelry imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Italy (X% per year) and Germany (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per kg in 2023, waning by X% against the previous year. Over the period under review, the import price showed a mild descent. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per kg. From 2022 to 2023, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per kg), while Denmark ($X per kg) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ireland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform