Global Jewelry Market Reached 116,3B USD in 2015

Jewellery And Bijouterie June 08, 2017
Author: Anna Sergeeva
Market Analyst

jewelry market

Photo: © Serhii Bobyk / Bigstockphoto

According to market research conducted by IndexBox, in 2015, the jewelry market reached 116,319 million USD. There was a noticable decline in 2012-2013, after a period of growth from 2010-2011. However, over the last two years, the consumption of jewellery bounced back slightly.

The countries with the highest consumption were China (37%, based USD) and India (18%), followed by the U.S. lagging somewhat behind (4%) and Canada (2%), together comprising almost 62% of global consumption. In terms of the leading consuming countries, high levels of per capita consumption were recorded in Canada (76 USD/year in 2015), significantly higher than the world average of 16 USD/year. The annual growth of per capita consumption from 2007 to 2015 was the most notable in China, with a +11.7% growth.

Jewellery is a widely traded commodity, with the share of exports in total global output increasing from 28% in 2007, to 55% in 2015. The industry's high trade intensity is mainly determined by the geographical differenciation between the main of jewellery manufacturing countries and the key consuming countries.

In 2015, the value of global exports totaled 78,102 million USD, with an overall positive dynamic seen over the last few years. A gradual increase over the period from 2007 to 2012 was followed by a slight decline in 2013 and strong growth again in 2014. In 2015, however, global exports decreased by 12%. In 2015, Switzerland (14% based on USD), the United Arab Emirates (14%), India (13%) and the U.S. (12%) were the main global suppliers of jewellery, with a combined share of 53% of global exports.

The value of global imports totaled 53,535 million USD in 2015. The imports dynamic was generally in line with exports: these trade flows globally complement each other. Following the high trade intensity, the share of imports in global demand amounted to approx. 46%. In 2015, Switzerland (19% based on USD), the U.S. (15%), and the United Arab Emirates (14%) were the leading destinations for jewellery imports, together making up 47% of global imports in value terms.

Do you want to know more about the global jewelry market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • jewelry market share
  • jewelry prices
  • jewelry industry
  • jewelry sales
  • jewelry market forecast
  • jewelry price forecast
  • key jewelry producers

Source: World: Jewellery - Market Report. Analysis and Forecast to 2025