Why should the world's jewellery exporters prefer Hong Kong instead of Switzerland? Blog-100
'The best way to predict the future is to create it.'
By Dr. Lade Vedkumar.
For the first time, we are introducing an innovative concept for export generation. Is it possible to predict exactly product wise future export figures?
Can we forecast the size of the growing/bearish market?
Does that help you, if you know the future export size of your competing countries?
Yes, we are masters in these super specialty segments...
This is a product specific marketing in emerging, rather growing markets.
Many high growth products have magnificent potential in developed, developing or undeveloped countries.
We need to redefine the marketing strategy.
There should be aggressive marketing of a specific product in a rapidly expanding market.
In a neutral market simple marketing is going to work.
Global exports of Jewellery will increase from $85.4 billion to $118.6 billion by 2021 to 2025.
Why should the world's jewellery exporters prefer Hong Kong instead of Switzerland?
(Share this wisdom)
#jewellery #exports #world
HS code 711319 Jewellery of precious metal.
1) The import market for jewellery in Hong Kong will grow from $11.8 billion to $21.1 billion by 2021 to 2025.
Important note:
Best results can be found in the countries having larger value difference between 2021 export and prospects of 2025.
As per above note, Hong Kong will create additional jewellery import space of $9.3 billion.
Why will the Hong Kong jewellery import market increase?
Is it important to understand the wisdom of the above question?
Yes of course, you must always have an eagle eye on competing suppliers in that particular market. Here, the destination market is Hong Kong.
Three competing nations in the Hong Kong market will be India, United Arab Emirates and Singapore. Considering the criteria of larger difference between the 2021 exports and prospects by 2025.
This represents the average export value of below country's jewellery to Hong Kong.
India:
2021: $857.6 million dollars,
2025: $4.4 billion dollars.
United Arab Emirates:
2021: $1.2 billion dollars,
2025: $2.7 billion dollars.
Singapore:
2021: $329.4 million dollars,
2025: $1.7 billion dollars.
China:
2021: $6.6 billion dollars,
2025: $3.2 billion dollars.
China's jewellery exports will decline in Hong Kong by $3.4 bn for 2021-25.
2) The jewellery import market for Switzerland will increase from $11.9 billion to $19.0 billion by 2021-25.
Switzerland will create additional jewellery import space of $7.1 billion.
Who will compete in the Swiss jewelry import market?
Three competing countries in the Switzerland jewellery market will be the United Arab Emirates, China and the United States of America.
These are average export values of below countries jewellery in Switzerland by 2021 and prospects by 2025.
United Arab Emirates:
2021: $4.6 billion dollars,
2025: $6.0 billion dollars.
China:
2021: $162.2 million dollars,
2025: $1.5 billion dollars.
United States of America:
2021: $1.3 million dollars,
2025: $2.5 billion dollars.
France:
2021: $2.8 billion dollars,
2025: $1.2 billion dollars.
The French export of jewellery will decline in Switzerland by $1.6 bn 2021-25.
3) Germany's jewellery import market will rise from $900 mn to $1.4 bn by 2021-25.
Interesting Comparison:
Comparison of countries having larger value difference between 2021 export and prospects of 2025 Vs countries with smaller value difference between 2021-25.
Hong Kong +9.3 bn Vs Germany +500 mn (relatively saturated market in the next 5 years)
"Now consider the scenario where you are not familiar with the above insight. Even though you are efficiently marketing in Germany and simply marketing in Hong Kong. You don't grow in both scenarios. If you have the complete insight. You can generate additional export revenue at a great pace"
That's the 'Power of Knowledge'
Jewellery Top Importing Sub-Regions, By 2021-2025?
EU & West Europe:
2021: $26.0 bn,
2025: $36.2 bn.
We have elaborated three countries in the above country wise insight.
Yet the rest of top countries contribute $118.6 bn of jewellery additional import demand by 2021-25.
As I always say.
'The best prospects are hidden in the next five years statistic'
Exclusive conclusion:
Jewellery export market needs aggressive marketing in Hong Kong and other fast-growing markets. In saturated markets, simple marketing will work.
We can offer an exclusive written report or we can deliver a workshop preferably to the Jem's and Jewellery association or companies.
What's in it for me in the report/workshop?
What will be the most amazing countries contributing $118.6 bn enormous jewellery import demand?
Why will the 3rd largest importer market increase from $10.9 bn to $17.0 bn by 2021-25?
Why should jewellery exporters favour UAE over USA?
Why should jewellery exporters prefer France instead of the UK?
Why should jewellery exporters choose Singapore instead of Japan?
What will be your country specific Jewellery top export markets by 2021 to 2025?
The Post Covid era has drastically changed the demand and supply equation of most countries. It's absolutely surprising to see the creation of new demand.
We can present a report/workshop preferably to Jem's and Jewellery associations or companies.
We are capable of demonstrating below product insights.
First six digits indicate HS code
1. HS code 710239 Diamonds.
Why should world's diamond exporters prefer no.6 UAE instead of no.4 Belgium?
Why will the biggest Diamond importing market increase from $19.5 bn to $27.5 bn?
What will be the top countries contributing $105.7 billion of huge import demand by 2021-25?
2. 711311 Silver jewellery.
Why should Silver jewellery exporters prefer the USA instead of Hong Kong?
Why will the biggest Silver jewellery importing market increase from $1.8 bn to $2.5 bn?
What will be the top countries contributing $11.1 billion of enormous Silver jewellery import demand by 2021-25?
3. 710391 Rubies, Sapphires & Emeralds(RSE).
Why should RSE exporters prefer no.2 USA instead of no.1 Hong Kong?
Why will the futures biggest RSE importing market increase from $1.3 bn to $1.6 bn?
What will be the top countries contributing $7.9 billion of large RSE import demand by 2021-25?
4. 711719 Imitation jewellery, of base metal.
Why should Imitation jewellery exporters prefer no.7 China over no.2 France?
Why will the biggest Imitation jewellery importing market increase from $742.5 mn to $1.1 bn?
What will be the top countries contributing $6.7 billion of big Imitation jewellery import demand by 2021-25?
5. 711590 Articles of precious metal.
Why should Precious article exporters prefer no.3 Malaysia over no.2 Hong Kong?
Why will the biggest Precious article importing market increase from $956.0 mn to $1.3 bn?
What will be the top countries contributing $3.7 billion of good Precious article import demand by 2021-25?
6. 710399 Semi-precious stones worked.
Why should Semi-precious exporters prefer no.3 China instead of no.1 Hong Kong?
Why will the biggest Semi-precious importing market increase from $363.1 mn to $586.7 mn?
What will be the top countries contributing $3.4 billion of vast Semi-precious import demand by 2021-25?
7. 711790 Imitation jewellery.
Why should Imitation jewellery exporters prefer no.5 Hong Kong over no.3 UK?
Why will the biggest Imitation jewellery importing market increase from $415.9 mn to $573.7 mn?
What will be the top countries contributing $2.5 billion of immense Imitation jewellery import demand by 2021-25?
8. 710490 Semi-precious stones, synthetic or reconstructed.
Why should Semi-precious stones exporters prefer no.2 India instead of no.1 Hong Kong?
Why will the futures biggest Semi-precious stones importing market increase from
$275.2 mn to $444.2 mn?
What will be the top countries contributing $2.0 billion of giant import Semi-precious stones demand by 2021-25?
9. 710122 Cultured pearls.
Why should Cultured pearls exporters prefer India over Hong Kong?
Why will the biggest Cultured pearls importing market increase from $874.1 mn to $1.4 bn?
What will be the top countries contributing $2.2 billion of epic import of Cultured pearls demand by 2021-25?
10. 711419 Articles of gold-/silversmiths' wares.
Why should Articles of gold-/silvers exporters prefer no.2 India instead of no.1 Switzerland?
Why will the biggest Articles of gold-/silver importing market increase from $286.1 mn to $476 mn?
What will be the top countries contributing $1.6 billion of Articles of gold-/silver import of mega demand by 2021-25?
11. 711620 Articles of semi-precious stones(ASPS).
Why should ASPS exporters prefer no.4 Switzerland over no.2 Hong Kong?
Why will the biggest ASPS importing market increase from $302.8 mn to $377.2 mn?
What will be the top countries contributing $1.3 billion of ASPS import gigantic demand by 2021-25?
12. 710510 Dust & powder of diamonds.
Why should Diamond dust exporters favour no.5 India over no.4 Italy?
Why will the biggest diamond dust importing market increase from $53.5 mn to $77.2 mn?
What will be the top countries contributing $559.2 million of diamond dust import demand by 2021-25?
13. 710420 Semi-precious stones, synthetic or reconstructed, unworked.
Why should Semi-precious stones exporters prefer no.10 South Korea instead of no.7 UAE?
Why will the biggest Semi-precious stones importing market increase from $132.9 mn to $178.9 mn?
What will be the top countries contributing $425.6 million of Semi-precious stones import demand by 2021-25?
14. 711610 Articles of pearls.
Why should pearl article exporters prefer no.7 Macao China instead of no.5 UK?
Why will the biggest pearl article importing market increase from $75.0 mn to $216.2 mn?
What will be the top countries contributing $323.5 million of pearl article import demand by 2021-25?
15. 711320 Jewellery, of base metal.
Why should metal jewellery exporters favour no.3 UK over no.2 Hong Kong?
Why will the biggest metal jewellery importing market increase from $33.2 bn to $47.2 bn?
What will be the top countries contributing $283.3 million of metal jewellery import demand by 2021-25?
16. 711711 Cuff links & stuff, of base metal.
Why should metal cufflinks exporters prefer the USA instead of Hong Kong?
Why will the biggest metal cuff links importing market increase from $16.1 mn to $19.3 mn?
What will be the top countries contributing $164.5 million of metal cuff links import demand by 2021-25?
Note: All the values are in an USA dollar. Prices may vary as per the market demand and dollar value fluctuation. 2021's average export value can be equivalent to or lower than export values recorded in other trade databases. The average value is the essence of the reliable reports of the last five years. Six digit HS code was used for the above insight as it is standard protocol HS code.
Email:
'Professionals work. Experts create results. Authorities predict the future. DECIDE which one you are going to follow'
Research source:
1. World Trade Organization, Trade forecast.
2. World Bank WITS.
3. International Trade Centre.
Research access duration June 2021.
© 2021-25 Future Export Vision.
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