Jewellery: of silver, whether or not plated or clad with other precious metal, and parts thereof

In 2024, jewellery: of silver, whether or not plated or clad with other precious metal, and parts thereof trade exhibited modest growth, with global flows reaching $7,953,209,087 and a three-year compound annual growth rate of -5.0% (five-year: +3.7%). The all-time peak of $10,440,760,018 was recorded in 2017; the current level is 24% below that high-water mark.

Over the 30-year observation window (1995–2024), 86% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is decelerating (-4.9% acceleration).

The World Trade Flows Characterization classifies jewellery: of silver, whether or not plated or clad with other precious metal, and parts thereof as "One-way trade" in the high price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is diversified (Herfindahl-Hirschman Index 0.130). The three largest exporters — Thailand ($2.1B), India ($1.2B), and Italy ($962.9M) — collectively dominate supply flows. The leading exporter has grown at +5.6% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.068). The three largest import markets are United States ($1.6B), Hong Kong ($723.6M), and Germany ($494.1M). The largest importing market sources from 118 different supplying countries.

Estimated substitution elasticity: -4.30. Buyers have moderate flexibility to shift sourcing, but face some switching costs.

The dominant trade corridor is India → Hong Kong at $547.3M, representing 75.6% of the importer's total demand.

The volatility score for jewellery: of silver, whether or not plated or clad with other precious metal, and parts thereof is 9 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, modest but steady demand provides a reasonable entry window. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.