Upcoming Trade Shows in Spain for Jewelry

The jewelry industry in Spain has a tough task ahead – adapting to a massive shift in the global trade arena that has affected both export dynamics as well as redrawn the industry leaders. As of 2023, the market’s Herfindahl-Hirschman Index (HHI) stands at 2435, indicating a significant decrease from 3100 in 2017. This decline signals a move towards moderate competitiveness, which is good news for Spain, which so far hasn’t been able to crack the top 10 of global exporters. For Spanish exporters, France emerges as a lucrative market in terms of export potential, followed closely by Portugal, the USA, the United Kingdom and Italy. However, while the USA leads in total import demand across all countries, France presents high unmet demand potential for Spanish exporters in 2028, making it an attractive destination. The jewelry market in Spain is characterized by robust growth, driven by increasing demand for luxury products fueled by a growing affluent population and rising tourist arrivals. The industry primarily focuses on gold and diamond-based items with costume jewelry gaining prominence due to higher consumer incomes. Additionally, VAT taxes have prompted jewelers to shift towards offering more high-end pieces to offset losses. Online retail platforms are playing an increasingly vital role in jewelry sales, providing consumers with convenient access to a wide range of products. This shift towards digital channels underscores changing consumer preferences and the industry's adaptability to modern retail trends. In terms of trade, exports of Spanish jewelry are forecasted to reach €366 million by 2026 with consistent year-on-year growth since 2009. Germany leads as the top export destination, followed by Italy, France, and the UK. On the import side, Spain anticipates imports to reach €383 million by 2026, with steady growth observed over the years. The Netherlands ranks as the leading importer, followed by France, the UK, and Italy.