Sweden: Jewelry Market 2025

Jewelry Market Size in Sweden

The Swedish jewelry market skyrocketed to $X in 2021, growing by 257% 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 enjoyed resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Jewelry Exports

Exports from Sweden

In 2021, approx. X tons of jewelry were exported from Sweden; picking up by 31% against the previous year's figure. Overall, exports recorded a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by 145%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, jewelry exports expanded sharply to $X in 2021. Over the period under review, exports posted strong growth. The growth pace was the most rapid in 2017 with an increase of 52% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Finland (X tons) was the main destination for jewelry exports from Sweden, accounting for a 53% share of total exports. Moreover, jewelry exports to Finland exceeded the volume sent to the second major destination, Norway (X tons), threefold. The UK (X tons) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume to Finland stood at +32.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-5.1% per year) and the UK (+39.1% per year).

In value terms, Switzerland ($X) remains the key foreign market for jewelry exports from Sweden, comprising 35% of total exports. The second position in the ranking was held by Norway ($X), with a 12% share of total exports. It was followed by Estonia, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value to Switzerland stood at +65.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-2.1% per year) and Estonia (+90.8% per year).

Export Prices by Country

The average jewelry export price stood at $X per kg in 2021, reducing by -14.7% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 35% against the previous year. Over the period under review, the average export prices hit record highs at $X per kg in 2020, and then reduced in the following year.

Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per kg), while the average price for exports to Finland ($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 UK (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Jewelry Imports

Imports into Sweden

Jewelry imports into Sweden surged to X tons in 2021, rising by 225% compared with 2020 figures. Overall, imports posted a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, jewelry imports surged to $X in 2021. Over the period under review, imports posted a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of jewelry to Sweden, with a 51% share of total imports. Moreover, jewelry imports from Poland exceeded the figures recorded by the second-largest supplier, the UK (X tons), fivefold. The third position in this ranking was held by Estonia (X tons), with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume from Poland stood at +145.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+23.6% per year) and Estonia (+67.3% per year).

In value terms, Estonia ($X), Italy ($X) and Thailand ($X) constituted the largest jewelry suppliers to Sweden, with a combined 35% share of total imports.

Estonia, with a CAGR of +55.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, with a decrease of -48.4% against the previous year. Overall, the import price continues to indicate a abrupt decline. The growth pace was the most rapid in 2020 an increase of 48%. The import price peaked at $X per kg in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+27.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :