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Global insights into the jewellery export market
The amount of jewellery exported worldwide reduced by -1.8% against the previous year level, according to the report 'World: Jewelry - Market Report. Analysis and Forecast to 2025', recently published by IndexBox.
©Andor Bujdoso via 123RF
In general, jewellery exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2013, when export increased by 10% from the previous year level. Over the period under review, global jewellery exports attained its maximum volume in 2007; however, from 2008 to 2016, it failed to regain its strength.
In value terms, jewellery exports totalled $105 billion in 2016. Overall, jewellery exports continue to indicate a remarkable growth. Over the period under review, global jewellery exports attained its maximum level of $144B in 2014; however, from 2015 to 2016, it stood at a somewhat lower level.
Top jewellery exporting countries in the world
1. China ($13.0 billion)
2. India ($12.6 billion)
3. United Arab Emirates ($11.8 billion)
4. USA ($9.8 billion)
5. Italy ($6.0 billion)
6. China, Hong Kong SAR ($6.0 billion)
7. France (4.7 billion)
8. United Kingdom ($4.5 billion)
9. Thailand ($3.5 billion)
10. Germany ($1.8 billion)
11. Dominican Republic ($0.4 billion)
12. Spain ($0.4 billion)
Jewellery exports by country
The countries with the highest levels of jewellery exports in 2016 were the UK (2.3K tonnes), Spain (1.9K tonnes), the Dominican Republic (1.8K tonnes), Thailand (1.4K tonnes), and Italy (1.4K tonnes), together accounting for 62% of total export. The U.S. (531 tonnes), China (516 tonnes), France (491 tonnes), India (481 tonnes), Germany (459 tonnes), United Arab Emirates (388 tonnes), and China, Hong Kong SAR (300 tonnes) held the mild share of total exports.
From 2007 to 2016, the most notable growth rate of jewellery exports, among the main exporting countries, was attained by Spain (+32.5% per year), while the other global leaders experienced more modest paces of growth.
In value terms, China ($13B), India ($13B) and United Arab Emirates ($12B) constituted the countries with the highest levels of exports in 2016, with a combined 35% share of global exports.
United Arab Emirates (+22.4% per year) experienced the highest growth rate of jewellery exports, in terms of the main exporting countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.
Jewellery export prices by country
The average jewellery export price stood at $7.5K per kg in 2016, approximately mirroring the previous year level. Overall, jewellery export price continues to indicate a remarkable expansion. The growth pace was the most rapid in 2008, when it surged by 54% from the previous year level. Over the period under review, average jewellery export price reached its maximum level of $11K per kg in 2014; however, from 2015 to 2016, it failed to regain its strength.
Export prices varied noticeably by country of destination. the country with the highest export prices was United Arab Emirates ($31K per kg), while Spain ($196 per kg) was among the lowest.
From 2007 to 2016, the most notable growth rate of jewellery export prices was attained by Thailand (+40.5% per year), while the other global leaders experienced more modest paces of growth.
Source: IndexBox
