
Hong Kong SAR, China - Jewelry - Market Analysis, Forecast, Size, Trends and Insights
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View PricingImport of Jewelry in Hong Kong Sees An 11% Surge to Reach $2.1B in November 2023
Hong Kong Jewelry Imports
In November 2023, after two months of growth, there was decline in purchases abroad of jewelry, when their volume decreased by -0.7% to 29 tons. In general, imports showed a perceptible decrease. The most prominent rate of growth was recorded in April 2023 with an increase of 185% month-to-month. As a result, imports reached the peak of 96 tons. From May 2023 to November 2023, the growth of imports remained at a somewhat lower figure.
In value terms, jewelry imports stood at $2.1B (IndexBox estimates) in November 2023. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 with an increase of 24% m-o-m. Over the period under review, imports hit record highs in November 2023.
COUNTRY | Import Value of Jewelry in Hong Kong (million USD) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | |
China | 919 | 749 | 443 | 594 | 819 | 762 | 674 | 564 | 623 | 799 | 759 | 741 | 873 |
India | 251 | 311 | 322 | 163 | 32.0 | 65.6 | 90.4 | 50.7 | 104 | 104 | 98.3 | 187 | 210 |
Switzerland | 112 | 118 | 66.2 | 153 | 264 | 278 | 217 | 233 | 277 | 120 | 154 | 148 | 183 |
United Arab Emirates | 77.7 | 82.5 | 73.5 | 83.5 | 105 | 90.6 | 81.0 | 107 | 66.7 | 146 | 202 | 117 | 113 |
United States | 103 | 56.9 | 79.5 | 137 | 162 | 126 | 114 | 146 | 102 | 130 | 265 | 93.2 | 73.6 |
Japan | 69.8 | 75.8 | 17.4 | 93.2 | 110 | 70.9 | 129 | 84.8 | 119 | 133 | 61.2 | 33.6 | 61.6 |
Italy | 43.2 | 42.4 | 31.2 | 72.4 | 48.3 | 63.5 | 58.5 | 43.5 | 62.1 | 21.5 | 83.8 | 40.0 | 42.3 |
Others | 285 | 236 | 297 | 359 | 401 | 410 | 332 | 271 | 381 | 362 | 420 | 480 | 494 |
Total | 1,860 | 1,672 | 1,330 | 1,656 | 1,942 | 1,866 | 1,696 | 1,500 | 1,735 | 1,815 | 2,042 | 1,840 | 2,051 |
Imports by Country
In November 2023, China (16 tons) constituted the largest jewelry supplier to Hong Kong, with a 57% share of total imports. Moreover, jewelry imports from China exceeded the figures recorded by the second-largest supplier, Italy (2.7 tons), sixfold. The United Arab Emirates (1.9 tons) ranked third in terms of total imports with a 6.5% share.
From November 2022 to November 2023, the average monthly growth rate of volume from China totaled -4.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: Italy (+1.9% per month) and the United Arab Emirates (+3.0% per month).
In value terms, China ($873M) constituted the largest supplier of jewelry to Hong Kong, comprising 43% of total imports. The second position in the ranking was taken by India ($210M), with a 10% share of total imports. It was followed by Switzerland, with an 8.9% share.
From November 2022 to November 2023, the average monthly growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: India (-1.4% per month) and Switzerland (+4.1% per month).
Imports by Type
In November 2023, non-silver precious metal jewelry (19 tons) constituted the largest type of jewelry supplied to Hong Kong, accounting for a 64% share of total imports. Moreover, non-silver precious metal jewelry exceeded the figures recorded for the second-largest type, silver jewelry (8.9 tons), twofold. The third position in this ranking was held by base metal jewelry clad with precious metals (1.1 tons), with a 4% share.
From November 2022 to November 2023, the average monthly rate of growth in terms of the volume of import of non-silver precious metal jewelry was relatively modest. With regard to the other supplied products, the following average monthly rates of growth were recorded: silver jewelry (+0.2% per month) and base metal jewelry clad with precious metals (+12.0% per month).
In value terms, non-silver precious metal jewelry ($1.9B) constituted the largest type of jewelry supplied to Hong Kong, comprising 92% of total imports. The second position in the ranking was held by silver jewelry ($147M), with a 7.2% share of total imports. It was followed by non-silver precious metal non-jewelry articles, with a 0.4% share.
Import Prices by Country
In November 2023, the jewelry price amounted to $70.8M per ton (CIF, Hong Kong), surging by 12% against the previous month. Over the period under review, the import price saw a tangible increase. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 123% against the previous month. Over the period under review, average import prices hit record highs at $72.6M per ton in September 2023; however, from October 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($139M per ton), while the price for Italy ($15.5M per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by South Korea (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the jewelry market in Hong Kong SAR, China. 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 2030.
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
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Products: Market Size and Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports and Growth, By Type
- Products: Export Prices and Growth, By Type
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024