Key Market Indicators
Montenegrin jewelry exports are projected to climb to €4 million by 2028, rising from €3 million in 2023. This marks an average annual growth rate of 4.4%. Since 2011, the country's jewelry supply has surged by approximately 79%. In 2023, Montenegro ranked 31st globally in jewelry exports, with Albania surpassing it at €3 million. Italy, the United Kingdom, and France secured the 2nd, 3rd, and 4th positions, respectively, in the same ranking. On the import side, Montenegro's jewelry imports are expected to reach €8 million by 2028, up from €6 million in 2023. This reflects an average annual growth rate of 5.3%. Since 2011, the demand for jewelry in Montenegro has increased by 5.4% annually. In 2023, Montenegro stood at 34th place in global jewelry imports, just behind Kosovo with €6 million. The United Kingdom, France, and Italy occupied the 2nd, 3rd, and 4th spots in this ranking, respectively.
