Key Market Indicators
Slovakia's jewelry export is projected to decline to €4.8 million by 2028, down from €5.6 million in 2023, marking an average annual decrease of 2.4%. Since 2009, the nation's jewelry supply has seen an average yearly drop of 3.6%. In the 2023 rankings, Slovakia stood at 28th place, with Cyprus surpassing it with exports of €5.6 million. Italy, the United Kingdom, and France secured the 2nd, 3rd, and 4th spots, respectively. On the import front, Slovakia's jewelry imports are expected to rise to €56.5 million by 2028 from €49.2 million in 2023, reflecting an average annual growth rate of 2.2%. Since 2009, the country's demand for jewelry has surged by 13.8% annually. In 2023, Slovakia was the 20th largest importer, trailing Hungary, which also had imports worth €49.2 million. The United Kingdom, France, and Italy were the top three importers. In terms of sales, Slovakia's jewelry market is anticipated to grow to €32.8 million by 2028 from €30.4 million in 2023, with an average annual growth rate of 1.2%. However, since 2015, the market has experienced an annual decline of 1.9%.
