Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Mexico Jewellery Market Analysis by Region

The household income range of USD 2,660.01 to USD 3,172.32 in Central Mexico, representing around 15% of Mexico's total income, is poised to have a positive impact on the demand for jewellery. With rising disposable income for spending, there's expected to be heightened demand, fostering Mexico jewellery market expansion. Furthermore, in Central Mexico, there is widespread acclaim of Huichol or Wixárika jewellery, renowned for its vibrant beadwork showcasing rich cultural heritage and artistic prowess. Additionally, the significant increase in weddings in Chiapas on the Pacific Coast, from 12,533 in 2021 to 25,533 in 2022, indicates a surge in celebratory events that is driving up demand for jewellery in the region.

 

Mexico Jewellery Market Report Snapshots

Mexico Jewellery Market Size

Mexico Jewellery Market Growth

Mexico Jewellery Market Trends

Mexico Jewellery Market Share

Mexico Jewellery Companies

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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Outline the Scope

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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