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The development and future prospect of stainless steel jewelry
2024-11-20
Stainless steel production growth
According to the annual work report of China's Steel network, in 2023, China's crude stainless steel production reached 36.6759 million tons, an increase of 12.59%, and China's stainless steel production accounted for a further increase in the global total output. It is expected that the full year of 2024 stainless steel crude steel production will be maintained in the range of 38-38.5 million tons, an increase of 3.5-5%. According to the 2023 China stainless steel jewelry industry research report, in 2022, China's stainless steel jewelry market size reached 100 million yuan (RMB), and the global market size also reached 100 million yuan. The global stainless steel jewelry market is expected to grow by 2028.
Global stainless steel jewelry market development
The global stainless steel jewelry market covers North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. The market capacity and consumption potential of these regions are analyzed in detail to identify the most promising development trends for the stainless steel jewelry industry, market size growth forecast: According to TechNavio's report, the global jewelry market size is expected to increase by $107.9 billion between 2023 and 2028, with a compound annual growth rate (CAGR) of 5.45%
Stainless steel jewelry consumption trends change
Increased demand for environmental protection and sustainability: With the popularity of environmental concepts, the market demand for sustainable brands continues to increase, driving the development of stainless steel jewelry brands using recycled metals and natural leather.
Classic simple style is popular: Consumers prefer classic, simple design style, while keen to pursue high quality and handcrafted jewelry.
Technological advances and product innovations: Technological advances, sustainability concerns and changing consumer preferences are driving significant changes in the stainless steel market. The stainless steel jewelry industry is constantly innovating and adapting to changing market dynamics.