Austria: Jewelry Market 2024

Jewelry Market Size in Austria

In 2021, the Austrian jewelry market increased by 62% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a mild decrease. Jewelry consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Jewelry Production in Austria

In value terms, jewelry production expanded remarkably to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 174% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Jewelry Exports

Exports from Austria

In 2021, after four years of decline, there was significant growth in shipments abroad of jewelry, when their volume increased by 65% to X tons. Over the period under review, exports saw temperate growth. The pace of growth appeared the most rapid in 2013 with an increase of 112%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, jewelry exports surged to $X in 2021. In general, total exports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 63% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for jewelry exports from Austria, with a 36% share of total exports. Moreover, jewelry exports to Germany exceeded the volume sent to the second major destination, Switzerland (X tons), threefold. The third position in this ranking was taken by Hungary (X kg), with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+20.3% per year) and Hungary (+12.6% per year).

In value terms, Germany ($X) remains the key foreign market for jewelry exports from Austria, comprising 58% of total exports. The second position in the ranking was held by Switzerland ($X), with a 4.5% share of total exports. It was followed by the UK, with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-6.5% per year) and the UK (-5.3% per year).

Export Prices by Country

The average jewelry export price stood at $X per kg in 2021, declining by -21.5% against the previous year. Overall, the export price recorded a mild downturn. The growth pace was the most rapid in 2018 an increase of 74% against the previous year. As a result, the export price reached the peak level of $X per kg. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the UK ($X per kg), while the average price for exports to Croatia ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Jewelry Imports

Imports into Austria

After three years of decline, supplies from abroad of jewelry increased by 86% to X tons in 2021. Over the period under review, imports, however, recorded a noticeable curtailment. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, jewelry imports soared to $X in 2021. In general, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 72%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest jewelry supplier to Austria, accounting for a 60% share of total imports. Moreover, jewelry imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold. Italy (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.5% per year) and Italy (-13.3% per year).

In value terms, Germany ($X) constituted the largest supplier of jewelry to Austria, comprising 47% of total imports. The second position in the ranking was taken by Italy ($X), with a 17% share of total imports. It was followed by France, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.7% per year) and France (-0.5% per year).

Import Prices by Country

In 2021, the average jewelry import price amounted to $X per kg, declining by -24.5% against the previous year. In general, the import price, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2018 an increase of 156%. As a result, import price attained the peak level of $X per kg. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per kg), while the price for Poland ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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