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Report Asia - Jewelry - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Asia - Jewelry - Market Analysis, Forecast, Size, Trends and Insights

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Asia: Jewelry Market 2024

Jewelry Market Size in Asia

In 2021, the Asian jewelry market decreased by -2% to $X, falling for the second year in a row after two years of growth. In general, consumption showed a pronounced shrinkage. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Jewelry Production in Asia

In value terms, jewelry production rose slightly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a mild slump. The pace of growth was the most pronounced in 2014 when the production volume increased by 204%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Jewelry Exports

Exports in Asia

In 2021, exports of jewelry in Asia skyrocketed to X tons, rising by 73% against the previous year's figure. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 591%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, jewelry exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a pronounced curtailment. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand prevails in exports structure, accounting for X tons, which was approx. 88% of total exports in 2021. It was distantly followed by China (X tons), mixing up a 5.7% share of total exports.

Thailand was also the fastest-growing in terms of the jewelry exports, with a CAGR of +51.1% from 2012 to 2021. At the same time, China (+14.1%) displayed positive paces of growth. Thailand (+68 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -10.5% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest jewelry supplier in Asia, comprising 25% of total exports. The second position in the ranking was taken by Thailand ($X), with a 5.6% share of total exports.

In China, jewelry exports declined by an average annual rate of -4.9% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per kg, declining by -11.3% against the previous year. Over the period under review, the export price faced a significant decline. The pace of growth was the most pronounced in 2019 when the export price increased by 495%. Over the period under review, the export prices hit record highs at $X per kg in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per kg), while Thailand stood at $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-16.7%).

Jewelry Imports

Imports in Asia

In 2021, purchases abroad of jewelry increased by 22% to X tons, rising for the second year in a row after two years of decline. Overall, imports saw a prominent expansion. The pace of growth was the most pronounced in 2020 when imports increased by 79% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, jewelry imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Thailand prevails in imports structure, recording X tons, which was near 70% of total imports in 2021. The United Arab Emirates (X tons) took a 6.8% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (5.6%). The following importers - Timor-Leste (X tons) and Japan (X tons) - together made up 6.6% of total imports.

From 2012 to 2021, average annual rates of growth with regard to jewelry imports into Thailand stood at +74.8%. At the same time, Timor-Leste (+167.0%), Japan (+7.3%) and Hong Kong SAR (+6.4%) displayed positive paces of growth. Moreover, Timor-Leste emerged as the fastest-growing importer imported in Asia, with a CAGR of +167.0% from 2012-2021. By contrast, the United Arab Emirates (-10.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Thailand and Timor-Leste increased by +69 and +4.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X), the United Arab Emirates ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 56% of total imports. Thailand and Timor-Leste lagged somewhat behind, together accounting for a further 1.4%.

In terms of the main importing countries, Thailand, with a CAGR of +10.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per kg in 2021, with an increase of 30% against the previous year. Over the period under review, the import price, however, showed a deep slump. The pace of growth appeared the most rapid in 2019 an increase of 132%. As a result, import price attained the peak level of $X per kg. From 2020 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Hong Kong SAR ($X per kg), while Timor-Leste ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were China, India and Bangladesh, with a combined 50% share of total consumption. Indonesia, Japan, Pakistan, Hong Kong SAR, Iran, Thailand, the Philippines, South Korea and Malaysia lagged somewhat behind, together comprising a further 32%.
Thailand remains the largest jewelry producing country in Asia, accounting for 61% of total volume. Moreover, jewelry production in Thailand exceeded the figures recorded by the second-largest producer, China, fourfold. The third position in this ranking was occupied by India, with a 7.8% share.
In value terms, China, India and the United Arab Emirates were the countries with the highest levels of exports in 2021, together accounting for 67% of total exports.
In value terms, Hong Kong SAR, the United Arab Emirates and Japan constituted the countries with the highest levels of imports in 2021, together comprising 61% of total imports. These countries were followed by Thailand and Bangladesh, which together accounted for a further 1.8%.
The export price in Asia stood at $1,485 per kg in 2021, which is down by -2.8% against the previous year.
In 2021, the import price in Asia amounted to $4,561 per kg, rising by 21% against the previous year.

This report provides an in-depth analysis of the jewelry market in Asia. 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:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Asia, split by region and country
  • Trade (exports and imports) in Asia
  • 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. CONSUMPTION BY COUNTRY
    3. 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
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    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. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Afghanistan
    • Armenia
    • Azerbaijan
    • Bahrain
    • Bangladesh
    • Bhutan
    • Brunei Darussalam
    • Cambodia
    • China
    • Hong Kong SAR
    • Macao SAR
    • Cyprus
    • Georgia
    • India
    • Indonesia
    • Iran
    • Iraq
    • Israel
    • Japan
    • Jordan
    • Kazakhstan
    • Kuwait
    • Kyrgyzstan
    • Lebanon
    • Malaysia
    • Maldives
    • Mongolia
    • Myanmar
    • Nepal
    • Oman
    • Pakistan
    • Palestine
    • Philippines
    • Qatar
    • Saudi Arabia
    • Singapore
    • South Korea
    • Sri Lanka
    • Syrian Arab Republic
    • Taiwan (Chinese)
    • Tajikistan
    • Thailand
    • Timor-Leste
    • Turkey
    • Turkmenistan
    • United Arab Emirates
    • Uzbekistan
    • Vietnam
    • Yemen
    • Lao People's Democratic Republic
    • Democratic People's Republic of Korea

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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