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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Mexico Jewellery Market Size
The Mexico jewellery market reached a value of USD 2,010.4 million in the year 2023. This market is further expected to grow at a CAGR of 6.5% between 2024 and 2032, to reach a value of USD 3,518.5 million by 2032.
Mexico Jewellery Market Outlook
- Mexico ranks third globally in silver and gold jewellery production and the primary production hubs are in Guadalajara and Mexico City, with Jalisco being the epicentre, contributing 70% to the national total.
- As per industry reports, jewellery sales experienced a 11.5% increase in 2022 compared to the previous year.
- Mexico’s disposable income is expected to reach a value of USD 15,608 per capita by 2025 and USD 16,541 by 2030. This can favourably affect the market demand.
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.*
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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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