Luxury Jewelry - Equatorial Guinea

• in Equatorial Guinea, a country known for its rich natural resources and vibrant culture, is also a part of the global Luxury Jewelry market.
• In 2024, the revenue in the Luxury Jewelry market in Equatorial Guinea is projected to reach US$0.90m.
• This represents a significant contribution to the overall market.
• Looking ahead, the Luxury Jewelry market in Equatorial Guinea is expected to grow annually by 0.55%, with a Compound Annual Growth Rate (CAGR) of 2024-2028.
• This growth reflects the increasing demand for luxury jewelry within the country.
• When compared globally, it is worth noting that in China dominates the Luxury Jewelry market, generating a staggering revenue of US$14,130m in 2024.
• This highlights in China's prominent position in the industry and its substantial contribution to the global market.
• In terms of per person revenue, in Equatorial Guinea generates US$0.51 in 2024.
• This figure demonstrates the spending power and preferences of the population towards luxury jewelry, indicating a positive market outlook for the country.
• As in Equatorial Guinea continues to develop and its economy strengthens, the Luxury Jewelry market is anticipated to thrive, offering opportunities for both domestic and international players in the industry.
• Equatorial Guinea's growing oil wealth has led to an increasing demand for luxury jewelry among its affluent population.

Key regions: India, Singapore, United Kingdom, Italy, China