The market is dominated by foreign suppliers, as imports account for 71.1% of total market size in 2020. Households drive market demand, with household spending representing 84.4% of total demand in 2020. The UK has the fourth largest market size for jewellery and related articles in the region, with demand reaching USD5.7 billion in 2020. Cookson Precious Metals Ltd is the largest company in the UK, generating 29.1% of the industry’s total production value in 2020. The industry is concentrated, with the top five companies generating 68.6% of total production value in 2020. The total number of companies increases in 2020, to 3,251 units. The costs of the industry decrease by 4.9% in 2020, largely driven by declining B2B costs. The industry’s profitability increases and stands at 53.2% of production value in 2020, the highest in the region. The industry’s exports share decreases in 2020 to 66.8% of total production output. With production value of USD955 million, the UK accounts for 3.8% of the Western Europe total in 2020.
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This Euromonitor industrial report provides unique information on Jewellery and Related Articles in the UK: 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 UK: ISIC 3691 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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