U.S.: Jewelry And Silverware Market 2024

Jewelry And Silverware Market Size in the U.S.

In 2022, the U.S. jewelry and silverware market decreased by X% to $X, falling for the second year in a row after four years of growth. Over the period under review, consumption, however, saw a significant increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Jewelry And Silverware Production in the U.S.

In value terms, jewelry and silverware production fell slightly to $X in 2022. The total output value increased at an average annual rate of X% from 2013 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2021, and then declined in the following year.

Jewelry And Silverware Exports

Exports from the U.S.

In 2022, approx. X tons of jewelry and silverware were exported from the United States; picking up by X% compared with the previous year's figure. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, jewelry and silverware exports surged to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for jewelry and silverware exports from the United States, with a X% share of total exports. Moreover, jewelry and silverware exports to the United Arab Emirates exceeded the volume sent to the second major destination, Canada (X tons), threefold. The third position in this ranking was taken by South Africa (X tons), with a X% share.

From 2013 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and South Africa (X% per year).

In value terms, Israel ($X), Hong Kong SAR ($X) and Belgium ($X) appeared to be the largest markets for jewelry and silverware exported from the United States worldwide, together comprising X% of total exports. The UK, the United Arab Emirates, Canada, Japan, China, Mexico, South Africa and Australia lagged somewhat behind, together accounting for a further X%.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average jewelry and silverware export price amounted to $X per kg, falling by X% against the previous year. Over the period under review, the export price continues to indicate a significant decrease. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked at $X per kg in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per kg), while the average price for exports to South Africa ($X per kg) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced a decline.

Jewelry And Silverware Imports

Imports into the U.S.

Jewelry and silverware imports into the United States was estimated at X tons in 2022, almost unchanged from the previous year's figure. In general, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, jewelry and silverware imports rose markedly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

India (X tons), China (X tons) and Israel (X tons) were the main suppliers of jewelry and silverware imports to the United States, together comprising X% of total imports.

From 2013 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Israel (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of jewelry and silverware to the United States, comprising X% of total imports. The second position in the ranking was taken by Israel ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2013 to 2022, the average annual growth rate of value from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2022, the average jewelry and silverware import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, saw a deep setback. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Belgium ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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