The market is dominated by domestic suppliers, as imports account for 44.5% of total market size in 2022. Households drive market demand, with household spending representing 49.6% of total demand in 2022. China has the third largest market size for jewellery and related articles regionally, with demand reaching USD25.0 billion in 2022. Lao Feng Xiang Co Ltd is the largest company in China, generating 23.8% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 68.5% of total production value in 2022. The total number of companies decreases in 2022, to 57,442 units. The costs of the industry remain unchanged in 2022. The industry’s profitability increases and stands at 6.7% of production value in 2022, the 11th highest regionally. The industry’s exports share increases in 2022 to 45.4% of total production output. With production value of USD21.1 billion, China accounts for 15.8% of the Asia Pacific total in 2022.
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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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