Egypt Jewellery Market (2023-2029) | Growth, Industry, Size, Revenue, Segmentation, Analysis, Trends, Share, Value, Outlook & COVID-19 IMPACT

Topics Covered in the Egypt Jewellery Market

Egypt Jewellery Market report thoroughly covers the market by product and by material. The Jewellery Market Outlook report provides an unbiased and detailed analysis of the ongoing Jewellery Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Egypt Jewellery Market Synopsis

Egypt Jewellery Market is estimated to gain traction in the coming years, driven by an increasing disposable income of the population. Moreover, the growing availability of a spectrum range of jewellery pieces. Additionally, the growing tourism sector is leading to gaining demand for jewellery products. Also, the growing middle-class population in the country is another factor increasing product demand with impacting favourably on the market growth in the country in the upcoming years.

According to 6Wresearch, the Egypt Jewellery Market size is estimated to gain momentum in the country during 2023-2029. The industry’s growth is increasing in the country with an improving economic condition of the country, leading to improving income levels of the population which enables the population to spend on purchasing premium jewellery items. Moreover, being a large jewellery market, Egypt offers comprehensive jewellery products from traditional designs to modern designs jewellery containing comprehensive materials and designs catering needs of every customer. This factor is impacting favourably in increasing product demand, also widening the Egypt Jewellery industry share recently and in the coming years as well. On the other hand, some major challenges in the market prove threatening to the market growth, an intense competition leads to forces new entrants to be settled at a low margin rate coupled with high gold prices restricting low-income people purchasing power. However, despite all these challenges, the market still has a huge potential owing to increasing several factors such as, the Egyptian jewellery market has remained strong. This is due to gold prices being relatively stable, and Egyptians continue to invest in gold jewellery, considering it a valuable investment. This will result in an increase in the Egypt Jewellery market revenue in the upcoming years.

COVID-19 Impact on the Egypt Jewellery Market

COVID-19 pandemic has had an impact on the Egypt Jewellery industry in the country. With pandemic lockdown, led to not only the disruption in product supplies, it resulted in the closure of all the jewellery stores in the country to avoid the spread of the virus coupled with no spending on non-essential products led to affect the jewellery market negatively. Although, post COVID-19 market has now gained traction with the reopening of jewellery items.

Key players in the Egypt Jewellery Market include:

• Gold & Co. is a leading player in the country in selling gold-made jewellery especially, with a wide presence across all the cities of the country. This company provides a spectrum range of jewellery products which include coins, bullions, and bars.
• Tiffany & Co. is a leading international jewellery brand with an extreme presence in Egypt. The company provides extensive jewellery products containing all contemporary designs with crafted gemstones and more.
• Azza Fahmy: this is the popular jewellery brand in the country, which provides handcrafted jewellery products inspired by ancient Egyptian art and culture
• Egybel: this is the leading jewellery company in the country, offering the entire jewellery metal ranges including gold, platinum, and diamond. They are known for their premium quality products along with their handcrafted ranges.

Market Analysis by Product

According to Shivankar, Research Manager, 6Wresearch, Necklaces are the most purchased by the population in the Egyptian jewellery market, due to the availability of extensive product designs including traditional to modern designs. Demand for gold made necklaces remain at the top, nevertheless, platinum and diamond-made necklaces are also growing.

Market Analysis by Materials

Based on this, Gold is the leading material in the country, as Egypt is the largest gold-producing country in Africa, hence, gold has traditionally been popular and most purchased among other metal-made jewellery. On the other hand, platinum-made jewellery demand is also rising in the country owing to an increasing disposable income and demand by the fashion enthusiast population.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.                           
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Egypt Jewellery Market Outlook
• Market Size of Egypt Jewellery Market, 2022
• Forecast of Egypt Jewellery Market, 2029
• Historical Data and Forecast of Egypt Jewellery Revenues & Volume for the Period 2019 - 2029
• Egypt Jewellery Market Trend Evolution
• Egypt Jewellery Market Drivers and Challenges
• Egypt Jewellery Price Trends
• Egypt Jewellery Porter's Five Forces
• Egypt Jewellery Industry Life Cycle
• Historical Data and Forecast of Egypt Jewellery Market Revenues & Volume By Product for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Jewellery Market Revenues & Volume By Necklace for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Jewellery Market Revenues & Volume By Ring for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Jewellery Market Revenues & Volume By Earrings for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Jewellery Market Revenues & Volume By Bracelet for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Jewellery Market Revenues & Volume By Others for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Jewellery Market Revenues & Volume By Material for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Jewellery Market Revenues & Volume By Gold for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Jewellery Market Revenues & Volume By Platinum for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Jewellery Market Revenues & Volume By Diamond for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Jewellery Market Revenues & Volume By Others for the Period 2019 - 2029
• Egypt Jewellery Import Export Trade Statistics
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Material
• Egypt Jewellery Top Companies Market Share
• Egypt Jewellery Competitive Benchmarking By Technical and Operational Parameters
• Egypt Jewellery Company Profiles
• Egypt Jewellery Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product

• Necklace
• Ring
• Earrings
• Bracelet
• Others

By Material

• Gold
• Platinum
• Diamond
• Others

Egypt Jewellery Market: FAQs