Algeria: Jewelry Market 2024

Jewelry Market Size in Algeria

The Algerian jewelry market fell to $X in 2022, which is down by -6% against the previous year. Over the period under review, consumption continues to indicate a perceptible curtailment. Jewelry consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Jewelry Production in Algeria

In value terms, jewelry production reduced to $X in 2022 estimated in export price. Overall, production saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 17% against the previous year. Jewelry production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Jewelry Exports

Exports from Algeria

In 2022, shipments abroad of jewelry decreased by -53.4% to X kg for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 752% against the previous year. The exports peaked at X kg in 2021, and then declined sharply in the following year.

In value terms, jewelry exports dropped remarkably to $X in 2022. Overall, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2020 when exports increased by 283% against the previous year. The exports peaked at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

France (X kg) was the main destination for jewelry exports from Algeria, accounting for a 44% share of total exports. Moreover, jewelry exports to France exceeded the volume sent to the second major destination, Italy (X kg), sixfold. The Netherlands (X kg) ranked third in terms of total exports with a 2% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled +20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+21.5% per year) and the Netherlands (+7.2% per year).

In value terms, Italy ($X) remains the key foreign market for jewelry exports from Algeria, comprising 66% of total exports. The second position in the ranking was taken by France ($X), with a 17% share of total exports. It was followed by Germany, with a 0.9% share.

From 2012 to 2022, the average annual growth rate of value to Italy stood at +28.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+16.1% per year) and Germany (+20.2% per year).

Export Prices by Country

The average jewelry export price stood at $X per ton in 2022, increasing by 76% against the previous year. Overall, the export price, however, continues to indicate a mild decline. The most prominent rate of growth was recorded in 2015 an increase of 122% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Jewelry Imports

Imports into Algeria

In 2022, the amount of jewelry imported into Algeria contracted dramatically to X tons, which is down by -25.1% on the previous year. In general, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 167%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, jewelry imports fell dramatically to $X in 2022. Overall, imports, however, recorded a pronounced expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 1,470% against the previous year. As a result, imports attained the peak of $X, and then reduced dramatically in the following year.

Imports by Country

In 2022, Italy (X kg) constituted the largest supplier of jewelry to Algeria, accounting for a 50% share of total imports. Moreover, jewelry imports from Italy exceeded the figures recorded by the second-largest supplier, France (X kg), threefold. The third position in this ranking was held by Turkey (X kg), with a 2.7% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-24.9% per year) and Turkey (-18.6% per year).

In value terms, Italy ($X) constituted the largest supplier of jewelry to Algeria, comprising 49% of total imports. The second position in the ranking was held by Turkey ($X), with a 1.3% share of total imports. It was followed by France, with a 0.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-10.4% per year) and France (-23.2% per year).

Import Prices by Country

In 2022, the average jewelry import price amounted to $X per kg, which is down by -29% against the previous year. Over the period under review, the import price, however, posted resilient growth. The most prominent rate of growth was recorded in 2021 an increase of 488%. As a result, import price reached the peak level of $X per kg, and then reduced sharply in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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