Jewelry Market Overview in Spain
In value terms, jewelry production fell remarkably to $ in estimated in export prices. In general, production showed a deep reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by % y-o-y. Over the period under review, production reached the maximum level at $ in 2007; however, from 2008 to , production stood at a somewhat lower figure.
The size of the jewelry market in Spain contracted markedly to $ in , falling by -% 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 continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when the market value increased by % year-to-year. Over the period under review, the market reached the peak level at $ in 2007; however, from 2008 to , consumption remained at a lower figure.