Report Update Nov 1, 2024

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

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Chile: Jewelry Market 2024

Jewelry Market Size in Chile

The Chilean jewelry market declined markedly to $X in 2022, which is down by -23.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, enjoyed resilient growth. As a result, consumption attained the peak level of $X, and then dropped remarkably in the following year.

Jewelry Exports

Exports from Chile

In 2022, shipments abroad of jewelry increased by 161% to X kg, rising for the second year in a row after three years of decline. Overall, exports, however, continue to indicate a pronounced slump. The pace of growth was the most pronounced in 2017 when exports increased by 885% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, jewelry exports soared to $X in 2022. In general, exports, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 173%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X kg), the United States (X kg) and Panama (X kg) were the main destinations of jewelry exports from Chile, together accounting for 87% of total exports.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of +48.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for jewelry exports from Chile, comprising 55% of total exports. The second position in the ranking was held by Argentina ($X), with a 19% share of total exports. It was followed by Spain, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -18.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+17.3% per year) and Spain (+14.0% per year).

Export Prices by Country

In 2022, the average jewelry export price amounted to $X per kg, waning by -24.7% against the previous year. Overall, the export price saw a abrupt slump. The pace of growth appeared the most rapid in 2018 an increase of 434%. Over the period under review, the average export prices attained the peak figure at $X per kg in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per kg), while the average price for exports to Panama ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+47.8%), while the prices for the other major destinations experienced mixed trend patterns.

Jewelry Imports

Imports into Chile

In 2022, after two years of growth, there was significant decline in purchases abroad of jewelry, when their volume decreased by -13.7% to X tons. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 159%. As a result, imports reached the peak of X tons, and then declined in the following year.

In value terms, jewelry imports declined notably to $X in 2022. In general, imports, however, recorded prominent growth. The growth pace was the most rapid in 2021 when imports increased by 194% against the previous year. As a result, imports attained the peak of $X, and then fell sharply in the following year.

Imports by Country

In 2022, Thailand (X tons) constituted the largest jewelry supplier to Chile, accounting for a 53% share of total imports. Moreover, jewelry imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Colombia (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand amounted to +42.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.6% per year) and Colombia (+50.4% per year).

In value terms, Thailand ($X) constituted the largest supplier of jewelry to Chile, comprising 43% of total imports. The second position in the ranking was taken by Italy ($X), with a 19% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand totaled +25.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+17.4% per year) and China (+18.0% per year).

Import Prices by Country

The average jewelry import price stood at $X per ton in 2022, falling by -16.7% against the previous year. Over the period under review, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2017 an increase of 20% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.5%), 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, with a combined 29% share of global consumption.

What are the largest producers of jewelry in the world?

Thailand remains the largest jewelry producing country worldwide, 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 Chile?

In value terms, Thailand, Italy and China were the largest jewelry suppliers to Chile, together accounting for 69% of total imports.

What are the leading importers of jewelry from Chile?

In value terms, the United States remains the key foreign market for jewelry exports from Chile, comprising 71% of total exports. The second position in the ranking was occupied by Spain, with a 24% share of total exports. It was followed by Bolivia, with a 2% share.

What is the average export price for jewelry in Chile?

In 2021, the average jewelry export price amounted to $3,643 per kg, with an increase of 29% against the previous year.

What is the average import price for jewelry in Chile?

In 2021, the average jewelry import price amounted to $894,802 per ton, declining by -22% against the previous year.

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

Chile

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Chile
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