Report Update Nov 1, 2024

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

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Belgium: Jewelry Market 2024

Jewelry Market Size in Belgium

The Belgian jewelry market skyrocketed to $X in 2021, with an increase of 208% against the previous year. Over the period under review, consumption showed significant growth. Jewelry consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Jewelry Production in Belgium

In value terms, jewelry production shrank to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 1.2%. Jewelry production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Jewelry Exports

Exports from Belgium

In 2021, shipments abroad of jewelry increased by 0.9% to X tons, rising for the seventh consecutive year after two years of decline. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 452%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, jewelry exports skyrocketed to $X in 2021. Overall, exports posted a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 58%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

France (X tons) was the main destination for jewelry exports from Belgium, accounting for a 65% share of total exports. Moreover, jewelry exports to France exceeded the volume sent to the second major destination, Italy (X tons), more than tenfold. The third position in this ranking was held by the UK (X tons), with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France stood at +55.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+27.7% per year) and the UK (+39.3% per year).

In value terms, France ($X), Germany ($X) and the Netherlands ($X) constituted the largest markets for jewelry exported from Belgium worldwide, together accounting for 54% of total exports. Italy, Poland, the UK and Sweden lagged somewhat behind, together comprising a further 20%.

In terms of the main countries of destination, Italy, with a CAGR of +21.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average jewelry export price stood at $X per kg in 2021, picking up by 37% against the previous year. Over the period under review, the export price, however, faced a precipitous curtailment. Over the period under review, the average export prices hit record highs at $X per kg in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per kg), while the average price for exports to France ($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 Netherlands (+6.6%), while the prices for the other major destinations experienced a decline.

Jewelry Imports

Imports into Belgium

Jewelry imports into Belgium surged to X tons in 2021, with an increase of 59% against 2020. Over the period under review, imports posted prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 81% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, jewelry imports skyrocketed to $X in 2021. In general, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), China (X tons) and Germany (X tons) were the main suppliers of jewelry imports to Belgium, together comprising 67% of total imports.

From 2012 to 2021, the biggest increases were in Italy (with a CAGR of +42.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), France ($X) and Germany ($X) were the largest jewelry suppliers to Belgium, together comprising 59% of total imports. These countries were followed by China, Italy, Turkey, the Netherlands, Spain and Denmark, which together accounted for a further 26%.

Among the main suppliers, Turkey, with a CAGR of +12.1%, 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 average jewelry import price stood at $X per kg in 2021, reducing by -4% against the previous year. Over the period under review, the import price showed a abrupt setback. The pace of growth was the most pronounced in 2017 an increase of 77%. The import price peaked at $X per kg in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per kg), while the price for Italy ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+33.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for jewelry in the world?

The countries with the highest volumes of in 2021 were the United States, China and India, together comprising 29% of global consumption.

What are the largest producers of jewelry in the world?

Thailand constituted the country with the largest volume of jewelry production, accounting for 47% of total volume. Moreover, jewelry production in Thailand exceeded the figures recorded by the second-largest producer, China, fourfold. India ranked third in terms of total production with a 5.9% share.

What are the leading suppliers of jewelry to Belgium?

In value terms, the largest jewelry suppliers to Belgium were India, France and Germany, with a combined 60% share of total imports. These countries were followed by China, Turkey, the Netherlands and the UK, which together accounted for a further 20%.

What are the leading importers of jewelry from Belgium?

In value terms, the largest markets for jewelry exported from Belgium were France, Germany and the Netherlands, together accounting for 53% of total exports. These countries were followed by Italy and Spain, which together accounted for a further 10%.

What is the average export price for jewelry in Belgium?

In 2021, the average jewelry export price amounted to $744 per kg, dropping by -23.9% against the previous year.

What is the average import price for jewelry in Belgium?

The average jewelry import price stood at $845 per kg in 2021, picking up by 63% against the previous year.

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

Belgium

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belgium
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023