The market is dominated by foreign suppliers, as imports account for 63.9% of total market size in 2023. B2B drives market demand, with B2B spending representing 73.5% of total demand in 2023. India has the largest market size for jewellery and related articles regionally, with demand reaching USD118 billion in 2023. Rajesh Exports Ltd is the largest company in India, generating 8.0% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 13.9% of total production value in 2023. The total number of companies decreases in 2023, to 4,831,455 units. The costs of the industry decrease by 2.2% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 8.1% of production value in 2023, the 11th highest regionally. The industry’s exports share increases in 2023 to 51.0% of total production output. With production value of USD78.1 billion, India accounts for 55.7% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Jewellery and Related Articles in India: 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 India: ISIC 3691 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Household Goods is an aggregation of Furniture, Jewellery and Related Articles, Musical Instruments; Imitation Jewellery, Brushes and Other Personal Items, Sports Goods, Toys and Games, Watches and Clocks.
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