Jewelry and Silverware Market in the United States
Market Overview
For the third consecutive year, the U.S. jewelry and silverware market recorded growth in sales value, which increased by 
% to $ in . The market value increased at an average annual rate of +% over the period from 2013 to ; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.
In value terms, jewelry and silverware production amounted to $ in . Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of %. Over the period under review, production attained the maximum level at $ in 2018; however, from 2019 to , production failed to regain momentum.
% to $ in . The market value increased at an average annual rate of +% over the period from 2013 to ; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.In value terms, jewelry and silverware production amounted to $
in . Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of %. Over the period under review, production attained the maximum level at $ in 2018; however, from 2019 to , production failed to regain momentum.Consumption
In , consumption of jewelry and silverware decreased by -% to tons, falling for the second year in a row after three years of growth. In general, consumption showed a relatively flat trend pattern. The pace of growth appeared the most rapid in when the consumption volume increased by % against the previous year. Over the period under review, consumption hit record highs at tons in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.
The value of the jewelry and silverware market in the United States reached $ in , remaining relatively unchanged 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). The market value increased at an average annual rate of +% over the period from 2013 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in with an increase of %. Jewelry and silverware consumption peaked in and is expected to retain growth in the near future.
, consumption of jewelry and silverware decreased by -% to tons, falling for the second year in a row after three years of growth. In general, consumption showed a relatively flat trend pattern. The pace of growth appeared the most rapid in when the consumption volume increased by % against the previous year. Over the period under review, consumption hit record highs at tons in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.The value of the jewelry and silverware market in the United States reached $
in , remaining relatively unchanged 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). The market value increased at an average annual rate of +% over the period from 2013 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in with an increase of %. Jewelry and silverware consumption peaked in and is expected to retain growth in the near future.Market Forecast
Depressed by shrinking demand for jewelry and silverware in the United States, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Trade Balance
The United States remains a net importer of jewelry and silverware; in physical and value terms, imports consistently exceeded exports from 2013 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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