Key Market Indicators
Macedonia's jewelry export market is projected to reach approximately €35,000 by 2028, up from €35,000 in 2023, marking a modest annual growth rate of 0.1%. In 2023, Macedonia was ranked 35th globally for jewelry exports, with Iceland surpassing it by a slight margin at the same value. Italy, the United Kingdom, and France held the second, third, and fourth positions, respectively. On the import side, Macedonia's jewelry market is on a more dynamic growth trajectory. Imports are expected to soar to about €3.5 million by 2028, from €2.3 million in 2023, representing an annual growth rate of 6.8%. Since 2009, the country's demand for jewelry has surged, growing at an average annual rate of 10.9%. In 2023, Macedonia ranked 36th in global jewelry imports, with Iceland again slightly ahead at €2.3 million. The United Kingdom, France, and Italy were the top three nations in this category.
