U.S.: Jewelry Market 2024

Jewelry Market Size in the U.S.

The U.S. jewelry market skyrocketed to $X in 2021, with an increase of 48% against the previous year. Overall, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +9.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in years to come.

Jewelry Production in the U.S.

In value terms, jewelry production shrank to $X in 2021. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 12% against the previous year. As a result, production reached the peak level of $X, and then dropped in the following year.

Jewelry Exports

Exports from the U.S.

In 2021, the amount of jewelry exported from the United States fell dramatically to X tons, reducing by -25.5% compared with the year before. In general, exports, however, saw a notable expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 512%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, jewelry exports soared to $X in 2021. Over the period under review, exports saw a slight shrinkage. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons), Japan (X tons) and the UK (X tons) were the main destinations of jewelry exports from the United States, together comprising 28% of total exports. These countries were followed by Mexico, the Dominican Republic, Hong Kong SAR, the Netherlands, Thailand, Germany, Australia, China and Chile, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were in Chile (with a CAGR of +65.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for jewelry exported from the United States were Canada ($X), Japan ($X) and the Dominican Republic ($X), together comprising 3.2% of total exports. Mexico, the UK, Hong Kong SAR, the Netherlands, Germany, Thailand, Chile, China and Australia lagged somewhat behind, together accounting for a further 2.4%.

Among the main countries of destination, Chile, with a CAGR of +61.8%, recorded the highest growth rate of 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

In 2021, the average jewelry export price amounted to $X per kg, growing by 84% against the previous year. Overall, the export price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 an increase of 236%. As a result, the export price reached the peak level of $X per kg. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Dominican Republic ($X per kg), while the average price for exports to Australia ($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 Dominican Republic (+0.2%), while the prices for the other major destinations experienced a decline.

Jewelry Imports

Imports into the U.S.

In 2021, approx. X tons of jewelry were imported into the United States; with an increase of 50% against 2020. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +93.2% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, jewelry imports skyrocketed to $X in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest jewelry supplier to the United States, with a 36% share of total imports. Moreover, jewelry imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+1.5% per year) and Italy (+7.5% per year).

In value terms, the largest jewelry suppliers to the United States were Thailand ($X), India ($X) and Italy ($X), with a combined 9.6% share of total imports. China, Mexico, Turkey, Indonesia and Taiwan (Chinese) lagged somewhat behind, together comprising a further 2.6%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +31.1%, saw 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, surging by 22% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The import price peaked at $X per kg in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :