Key Market Indicators
Spanish jewelry exports are projected to climb to approximately €897 million by 2028, up from around €738 million in 2023. This growth represents a compound annual growth rate (CAGR) of 3.1% year-on-year. Since 2009, Spain's jewelry supply has surged by 13% annually. In 2023, Spain ranked seventh in the global standings, with Ireland leading at the same figure of €738 million. Italy, the United Kingdom, and France occupied the second, third, and fourth positions, respectively. In terms of imports, Spanish jewelry is expected to reach nearly €785 million by 2028, up from roughly €558 million in 2023, marking an annual growth rate of 5.4%. Since 2009, the demand for jewelry in Spain has increased by 8.7% each year. Spain held the eighth position in 2023, with Ireland again at the same figure of €558 million. The United Kingdom, France, and Italy were the top three importers. As for sales within Spain, the jewelry market is forecasted to reach about €536 million by 2028, slightly down from €540 million in 2023, indicating a minor decline of 0.1% per year. Since 2013, the Spanish jewelry market has experienced a modest annual growth rate of 0.4%. Alternatively, another projection for Spanish jewelry sales estimates a slight decrease to €562 million by 2028 from €563 million in 2023, showing a negligible fall of 0% annually. Since 2015, the market has grown by 1.3% each year.
