Sri Lanka - Jewelry - Market Analysis, Forecast, Size, Trends and Insights
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View PricingJewelry Price in Sri Lanka - 2021
Contents:
- Jewelry Price in Sri Lanka (FOB) - 2022
- Jewelry Price in Sri Lanka (CIF) - 2022
- Jewelry Exports in Sri Lanka
- Jewelry Imports in Sri Lanka
Jewelry Price in Sri Lanka (FOB) - 2022
The average jewelry export price stood at $9,092,160 per ton in 2022, with an increase of 85% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $9,742,223 per ton in 2017; however, from 2018 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 Australia ($65,923,184 per ton), while the average price for exports to Malaysia ($81,711 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.
Jewelry Price in Sri Lanka (CIF) - 2022
In 2022, the average jewelry import price amounted to $79,266 per ton, shrinking by -87.5% against the previous year. In general, the import price faced a precipitous slump. The pace of growth was the most pronounced in 2014 an increase of 284%. The import price peaked at $12,581,269 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 the United Arab Emirates ($21,933,500 per ton), while the price for Japan ($36,513 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Jewelry Exports in Sri Lanka
In 2022, exports of jewelry from Sri Lanka contracted notably to 1.7 tons, dropping by -47.8% on 2021. Overall, exports saw a mild downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 143%. As a result, the exports attained the peak of 3.2 tons, and then contracted significantly in the following year.
In value terms, jewelry exports declined slightly to $15M in 2022. Over the period under review, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 129% against the previous year. As a result, the exports reached the peak of $16M, and then dropped slightly in the following year.
Export of Jewelry in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 4,074 | 2,027 | 4,281 | 3,551 | -4.5% |
Australia | 571 | 635 | 2,691 | 2,505 | 63.7% |
Switzerland | 1,153 | 889 | 1,551 | 2,023 | 20.6% |
United Kingdom | 787 | 391 | 931 | 2,018 | 36.9% |
Germany | 781 | 1,008 | 2,133 | 1,054 | 10.5% |
Japan | 1,049 | 863 | 1,050 | 1,041 | -0.3% |
United Arab Emirates | 905 | 283 | 800 | 971 | 2.4% |
Hong Kong SAR | 94.8 | 102 | 88.3 | 148 | 16.0% |
Thailand | 56.3 | 59.7 | 297 | 127 | 31.1% |
Netherlands | 21.8 | 34.9 | 63.3 | 72.9 | 49.5% |
Malaysia | 149 | 25.8 | 48.0 | 3.7 | -70.8% |
Others | 1,237 | 565 | 1,815 | 1,722 | 11.7% |
Total | 10,879 | 6,884 | 15,749 | 15,238 | 11.9% |
Top Export Markets for Jewelry from Sri Lanka in 2022:
- United States (443.0 kg)
- Germany (424.0 kg)
- Japan (262.0 kg)
- Thailand (106.0 kg)
- United Kingdom (77.0 kg)
- United Arab Emirates (55.0 kg)
- Malaysia (45.0 kg)
- Australia (38.0 kg)
- Netherlands (35.0 kg)
- Switzerland (34.0 kg)
- Hong Kong SAR (27.0 kg)
Jewelry Imports in Sri Lanka
Jewelry imports into Sri Lanka surged to 9.7 tons in 2022, increasing by 486% against 2021 figures. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, jewelry imports declined notably to $772K in 2022. Over the period under review, imports, however, showed a significant decrease. The smallest decline of -17.5% was in 2020.
Import of Jewelry in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 182 | 48.2 | 159 | 351 | 24.5% |
United States | 47.3 | 39.9 | 24.8 | 296 | 84.3% |
Italy | 76.5 | 289 | 87.1 | N/A | 6.7% |
Others | 2,341 | 1,807 | 779 | 125 | -62.3% |
Total | 2,648 | 2,184 | 1,050 | 772 | -33.7% |
Top Suppliers of Jewelry to Sri Lanka in 2022:
- United States (undefined tons)
- Japan (9.6 tons)
This report provides an in-depth analysis of the jewelry market in Sri Lanka. 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:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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