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Mexico Jewellery Market Size, Share, Trends, Growth: By Product Type: Necklace, Ring, Earring, Bracelet, Others; By Material: Platinum, Gold, Diamond, Others; By End User: Men, Women; By Distribution Channel: Online, Offline; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Mexico Jewellery Market Share
Based on type, necklace accounts for a significant share of the market
Necklaces are highly popular in Mexico, serving as both fashion statements and cultural symbols. Traditional Mexican necklaces may feature religious motifs, such as crosses or icons of saints, as well as indigenous designs inspired by Aztec or Mayan art. However, as per Mexico jewellery market analysis, Mexican engagement rings are becoming more widely profiled and have detailed engravings all the way around the band.
Based on material, gold is a major contributor to the market revenue
Mexico ranks as the sixth-largest producer of gold globally. Ahead of Mexico in gold production are China, Russia, Australia, Canada, and the United States. In 2024, Mexico is set to witness the commencement of operations in several gold mines, which include Media Luna, Cerro de Oro, Cerro Caliche, and Terronera mines. This can increase gold’s overall Mexico jewellery market share.
Additionally, Mexico is highly dependent upon imports of diamonds from the USA to meet domestic demand, particularly for use in jewellery manufacturing and retail, facilitated by various factors including geographic proximity, and established trade relations. Further, the growing spending on luxury products, including jewellery is expected to boost the demand for diamond jewellery in the country.
Mexico Jewellery Market Report Snapshots
Mexico Jewellery Market Growth
Mexico Jewellery Market Trends
Mexico Jewellery Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Jewellery Market Overview
8.1 Key Industry Highlights
8.2 Latin America Jewellery Historical Market (2018-2023)
8.3 Latin America Jewellery Market Forecast (2024-2032)
8.4 Latin America Jewellery Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Others
9 Mexico Jewellery Market Overview
9.1 Key Industry Highlights
9.2 Mexico Jewellery Historical Market (2018-2023)
9.3 Mexico Jewellery Market Forecast (2024-2032)
10 Mexico Jewellery Market by Product Type
10.1 Necklace
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Ring
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Earring
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Bracelet
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Mexico Jewellery Market by Material
11.1 Platinum
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Gold
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Diamond
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Mexico Jewellery Market by End User
12.1 Men
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Women
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Mexico Jewellery Market by Distribution Channel
13.1 Online
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Offline
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 Mexico Jewellery Market by Region
14.1 Baja California
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Northern Mexico
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 The Bajío
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Central Mexico
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Pacific Coast
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Yucatan Peninsula
14.6.1 Historical Trend (2018-2023)
14.6.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyers Powers
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Trade Data Analysis (HS Code: 7113)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Pandora A/S
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 HStern Indústria e Comércio SA
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 LVMH Moët Hennessy Louis Vuitton SE
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Compagnie Financière Richemont SA
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Joyería TOUS, S.A
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Swarovski International Holding AG
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Sabelli S.A. de C.V
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Pepe Dominguez Silver Jewelry
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Zanfeld S.A de C.V
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Haramara Jewelry
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.10 Fonelli, S.A de C.V
17.2.11.1 Company Overview
17.2.11.2 Product Portfolio
17.2.11.3 Demographic Reach and Achievements
17.2.11.4 Certifications
17.2.12 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Jewellery Market: Key Industry Highlights, 2018 and 2032
2. Mexico Jewellery Market: Key Industry Highlights, 2018 and 2032
3. Mexico Jewellery Historical Market: Breakup by Product Type (USD Million), 2018-2023
4. Mexico Jewellery Market Forecast: Breakup by Product Type (USD Million), 2024-2032
5. Mexico Jewellery Historical Market: Breakup by Material (USD Million), 2018-2023
6. Mexico Jewellery Market Forecast: Breakup by Material (USD Million), 2024-2032
7. Mexico Jewellery Historical Market: Breakup by End User (USD Million), 2018-2023
8. Mexico Jewellery Market Forecast: Breakup by End User (USD Million), 2024-2032
9. Mexico Jewellery Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
10. Mexico Jewellery Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
11. Mexico Jewellery Historical Market: Breakup by Region (USD Million), 2018-2023
12. Mexico Jewellery Market Forecast: Breakup by Region (USD Million), 2024-2032
13. Major Importing Countries by Volume
14. Major Exporting Countries by Volume
15. Major Importing Countries by Value
16. Major Exporting Countries by Value
17. Mexico Jewellery Market Structure
Key Questions Answered in the Report
The Mexico jewellery market reached a value of USD 2,010.4 million in the year 2023.
The market is estimated to grow at a CAGR of 6.5% during 2024-2032.
The jewellery market in Mexico is estimated to reach a value of USD 3,518.5 million by 2032.
Mexico is known for its production of silver jewellery, particularly in the town of Taxco. Other popular types include jewellery featuring precious and semi-precious stones, beads, shells, and intricate craftsmanship like filigree work and repoussé techniques.
Key drivers include rising incomes and purchasing power, growing demand for luxury jewellery like diamonds, and the increasing popularity of online jewellery sales, especially among younger consumers.
Trends include genderless jewellery designs, strong competition for diamonds from other gemstones, and growing demand for customised and exclusive jewellery pieces.
Men and women are the end users in the market.
The key regional markets for jewellery are Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
The product types include necklaces, rings, earrings, and bracelet, among others.
The materials are platinum, gold, and diamond, among others.
The key players in the market include Pandora A/S, HStern Indústria e Comércio SA, LVMH Moët Hennessy Louis Vuitton SE, Compagnie Financière Richemont SA, Joyería TOUS, S.A, Swarovski International Holding AG, Sabelli S.A. de C.V, Pepe Dominguez Silver Jewelry, Zanfeld S.A de C.V, Haramara Jewelry, and Fonelli, S.A de C.V, among others.
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