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

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

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South-Eastern Asia: Jewelry Market 2024

Jewelry Market Size in South-Eastern Asia

In 2022, the Southeast Asian jewelry market decreased by -17.7% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption recorded perceptible growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Jewelry Production in South-Eastern Asia

In value terms, jewelry production contracted remarkably to $X in 2022 estimated in export price. In general, production, however, recorded a slight curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 26% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Jewelry Exports

Exports in South-Eastern Asia

Jewelry exports soared to X tons in 2022, with an increase of 200% on the year before. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, jewelry exports soared to $X in 2022. The total export value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand dominates exports structure, reaching X tons, which was approx. 96% of total exports in 2022. Indonesia (X tons) took a minor share of total exports.

Thailand was also the fastest-growing in terms of the jewelry exports, with a CAGR of +25.7% from 2012 to 2022. At the same time, Indonesia (+6.4%) displayed positive paces of growth. Thailand (+22 p.p.) significantly strengthened its position in terms of the total exports, while Indonesia saw its share reduced by -4.9% from 2012 to 2022, respectively.

In value terms, the largest jewelry supplying countries in South-Eastern Asia were Thailand ($X) and Indonesia ($X).

Among the main exporting countries, Indonesia, with a CAGR of +32.2%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per kg in 2022, falling by -59% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the export price increased by 48%. As a result, the export price reached the peak level of $X per kg. From 2017 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per kg), while Thailand amounted to $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+24.2%).

Jewelry Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of jewelry were imported in South-Eastern Asia; picking up by 75% against the previous year. Overall, imports posted significant growth. The growth pace was the most rapid in 2015 with an increase of 165%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, jewelry imports soared to $X in 2022. Total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +99.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Thailand dominates imports structure, accounting for X tons, which was near 97% of total imports in 2022. Singapore (X tons) held a minor share of total imports.

Thailand was also the fastest-growing in terms of the jewelry imports, with a CAGR of +36.2% from 2012 to 2022. Singapore (-7.3%) illustrated a downward trend over the same period. Thailand (+48 p.p.) significantly strengthened its position in terms of the total imports, while Singapore saw its share reduced by -39.3% from 2012 to 2022, respectively.

In value terms, Singapore ($X) constitutes the largest market for imported jewelry in South-Eastern Asia, comprising 75% of total imports. The second position in the ranking was held by Thailand ($X), with a 14% share of total imports.

In Singapore, jewelry imports remained relatively stable over the period from 2012-2022.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per kg in 2022, dropping by -21.3% against the previous year. Overall, the import price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2018 an increase of 18%. Over the period under review, import prices attained the peak figure at $X per kg in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per kg), while Thailand amounted to $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+9.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Indonesia remains the largest jewelry consuming country in South-Eastern Asia, comprising approx. 43% of total volume. Moreover, jewelry consumption in Indonesia exceeded the figures recorded by the second-largest consumer, Thailand, threefold. The third position in this ranking was occupied by the Philippines, with a 12% share.
The country with the largest volume of jewelry production was Thailand, accounting for 92% of total volume. Moreover, jewelry production in Thailand exceeded the figures recorded by the second-largest producer, Indonesia, more than tenfold.
In value terms, Thailand remains the largest jewelry supplier in South-Eastern Asia.
In value terms, Thailand constitutes the largest market for imported jewelry in South-Eastern Asia.
In 2021, the export price in South-Eastern Asia amounted to $332 per kg, reducing by -9.5% against the previous year.
In 2021, the import price in South-Eastern Asia amounted to $507 per kg, rising by 7.7% against the previous year.

This report provides an in-depth analysis of the jewelry market in South-Eastern 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 South-Eastern Asia, split by region and country
  • Trade (exports and imports) in South-Eastern 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
    • Brunei Darussalam
    • Cambodia
    • Indonesia
    • Malaysia
    • Myanmar
    • Philippines
    • Singapore
    • Thailand
    • Timor-Leste
    • Vietnam
    • Lao People's Democratic Republic
  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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