The market is dominated by foreign suppliers, as imports account for 69.9% of total market size in 2022. Households drive market demand, with household spending representing 80.5% of total demand in 2022. The UK has the fourth largest market size for jewellery and related articles regionally, with demand reaching USD6.3 billion in 2022. Cookson Precious Metals Ltd is the largest company in the UK, generating 29.6% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 77.1% of total production value in 2022. The total number of companies increases in 2022, to 4,880 units. The costs of the industry decrease by 64% in 2022, largely driven by declining labour costs. The industry’s profitability decreases and stands at 46.2% of production value in 2022, the highest regionally. The industry’s exports share increases in 2022 to 53.9% of total production output. With production value of USD1.2 billion, the UK accounts for 4.5% of the Western Europe total in 2022.
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This Euromonitor industrial report provides unique information on Jewellery and Related Articles in the United Kingdom: 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 the United Kingdom: 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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