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

Topics Covered in the Vietnam Jewellery Market

Vietnam Jewellery Market report thoroughly covers the market by country, 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.

Vietnam Jewellery Market Synopsis

Vietnam Jewellery Market is anticipated to grow at a tremendous rate from 2023 to 2029 underpinned by an accelerating middle class with increased disposable income of the population, and rising spending on branded and designer jewellery pieces. Population especially youngsters are becoming more fashion enthusiasts, and continue to positively favour for increasing the Vietnam Jewellery market share. However, the country is at an underdeveloped phase, with unskilled labours which results in a shortage of premium quality jewellery prices, with respect to this, a high demand of jewellery with fewer retailers increases the prices of the product which limits the jewellery, and this further hampers the Vietnam jewellery market growth in the country.

According to the 6wresearch, Vietnam jewellery market is anticipated to secure massive growth from 2023 to 2029 backed by the rising middle-class population with an increased disposable income. Moreover, several other factors are rising at a rapid rate increasing demand for jewellery which includes a fashion enthusiast youngster who urges to spend on luxury jewellery items. Vietnam is also benefitting from the ongoing trend of Chinese tourists travelling overseas for purchasing jewellery, as many choose to visit to buy Vietnam jewellery rather than purchase from their own destinations such as Hong Kong and Singapore due to comparatively low product prices, this is expected to accelerate the Vietnam jewellery industry in the coming years.

Impact of Covid-19 on the Vietnam Jewellery Market

The outbreak of Covid-19 has had an adverse impact on the Vietnam jewellery market growth. The closing of jewellery stores during the pandemic lockdown period has disrupted and decreased the product demand in the country. Although, the Vietnam jewellery market after the pandemic is seeing a major market recovery owing to increased spending by the population especially by youngsters coupled with an increase in e-commerce stores have resulted in an increase in jewellery sale which further has proven favourable to increase the Vietnam Jewellery Market size in the coming years.

Leading Players in the Vietnam Jewellery Market

There are top players in the Vietnam Jewellery Market. Some of them are mentioned below:

• PNJ (Phu Nhuan Jewelry Joint Stock Company): PNJ is one of the largest jewellery companies in Vietnam. They provide a spectrum range of jewellery products, which are gold, diamonds, and gemstones.
• DOJI Jewellery: DOJI Jewellery is a popular jewellery brand in Vietnam. They are specializing in every product segment related to jewellery.
• Phu Quy Jewelry: Phu Quy Jewelry is a well-known Vietnamese jewellery brand. They consist of a comprehensive range of gold, diamond, and gemstone jewellery products.

Market Analysis by Product

According to Shivankar, Research Manager, 6Wresearch, by product, the Necklace is the largest segment of the Vietnam Jewellery Market backed by the popularity of gold and diamond necklaces.

Market Analysis by Material

Based on the material, Gold is the most popular material for jewellery gold is becoming dominating jewellery item in the Vietnam Jewellery Market during the forecast period. Diamond and platinum are also expected to grow steadily to the growing demand for luxury and high-end jewellery.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2023 to 2029.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

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

Vietnam Jewellery Market: FAQs