With production value of USD20.1 billion, China accounts for 14.3% of the Asia Pacific total in 2023. The industry’s exports share decreases in 2023 to 45.2% of total production output. The industry’s profitability decreases and stands at 6.7% of production value in 2023, the 13th highest regionally. The costs of the industry decrease by 4.5% in 2023, largely driven by declining B2B costs. The total number of companies remains unchanged in 2023. The industry is concentrated, with the top five companies generating 68.6% of total production value in 2023. Lao Feng Xiang Co Ltd is the largest company in China, generating 23.8% of the industry’s total production value in 2023. China has the third largest market size for jewellery and related articles regionally, with demand reaching USD23.8 billion in 2023. Households drive market demand, with household spending representing 50.7% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 43.9% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Jewellery and Related Articles in China: ISIC 3691. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Jewellery and Related Articles in China: ISIC 3691 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Household Goods is an aggregation of Furniture, Jewellery and Related Articles, Musical Instruments; Imitation Jewellery, Brushes and Other Personal Items, Sports Goods, Toys and Games, Watches and Clocks.
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