Key Market Indicators
**Estonian Jewelry Exports Forecast to Decline by 2028** Estonian jewelry exports are projected to fall significantly, reaching approximately €3.7 million by 2028, down from €6 million in 2023. This represents a year-on-year decline of 7.7% in compound annual growth rate (CAGR). Since 2009, the country's jewelry supply has decreased by 2.1% annually. In 2023, Estonia ranked 26th in the world for jewelry exports, with Finland surpassing Estonia with exports valued at €6 million. Italy, the United Kingdom, and France held the second, third, and fourth positions respectively in the global ranking. **Rising Trend in Estonian Jewelry Imports** Conversely, Estonian jewelry imports are expected to see a modest increase, reaching around €24.4 million by 2028, up from €23.4 million in 2023. This suggests a 0.7% annual growth rate in CAGR. Since 2009, Estonia's demand for imported jewelry has risen substantially, with a 12.4% year-on-year increase. In 2023, Estonia was ranked 29th in terms of jewelry imports, with Finland again leading at €23.4 million. The United Kingdom, France, and Italy occupied the second, third, and fourth spots respectively in the import rankings.
