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Hong Kong SAR, China - Jewelry - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2025

Hong Kong SAR, China - Jewelry - Market Analysis, Forecast, Size, Trends and Insights

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Apr 25, 2024

Import 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.Hong Kong Jewelry Imports By Country (Million USD)

COUNTRYImport Value of Jewelry in Hong Kong (million USD)
Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023Aug 2023Sep 2023Oct 2023Nov 2023
China919749443594819762674564623799759741873
India25131132216332.065.690.450.710410498.3187210
Switzerland11211866.2153264278217233277120154148183
United Arab Emirates77.782.573.583.510590.681.010766.7146202117113
United States10356.979.513716212611414610213026593.273.6
Japan69.875.817.493.211070.912984.811913361.233.661.6
Italy43.242.431.272.448.363.558.543.562.121.583.840.042.3
Others285236297359401410332271381362420480494
Total1,8601,6721,3301,6561,9421,8661,6961,5001,7351,8152,0421,8402,051

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.

Source: IndexBox Market Intelligence Platform

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:

  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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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