Report Update Nov 1, 2024

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

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Sweden: Jewelry Market 2024

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) :

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?

The country with the largest volume of jewelry production was Thailand, 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 Sweden?

In value terms, Estonia, India and Italy were the largest jewelry suppliers to Sweden, together comprising 39% of total imports.

What are the leading importers of jewelry from Sweden?

In value terms, Switzerland remains the key foreign market for jewelry exports from Sweden, comprising 34% of total exports. The second position in the ranking was occupied by Norway, with an 11% share of total exports. It was followed by Estonia, with a 9.4% share.

What is the average export price for jewelry in Sweden?

In 2021, the average jewelry export price amounted to $1,675 per kg, with an increase of 1.7% against the previous year.

What is the average import price for jewelry in Sweden?

In 2021, the average jewelry import price amounted to $1,165 per kg, falling by -2.8% against the previous year.

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

Sweden

Data coverage:

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