HS Code:
Jewelry boxes and similar containers of a kind normally sold at retail with their contents (HS Code: 4202.92) include a variety of protective and decorative cases designed for storing jewelry, watches, and other small valuables. These products are often made from materials like leather, plastic, wood, or metal and are typically sold with their contents as part of retail packaging. This category is significant in global trade due to its association with luxury goods, gift items, and personal accessories markets. The trade patterns for these products are influenced by consumer demand for premium packaging, cultural gifting traditions, and the growth of the jewelry and luxury goods industries.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
UN Comtrade Database
USD 450 million
37.5% of total trade
Increasing
USD 200 million
16.7% of total trade
Stable
USD 120 million
10.0% of total trade
Increasing
USD 100 million
8.3% of total trade
Stable
USD 80 million
6.7% of total trade
Increasing
Average Rate
6.5%
Highest Rate
12% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as EU-USMCA or within ASEAN)
Rising demand for sustainable materials
Increased use of eco-friendly materials like recycled plastics and biodegradable packaging, driven by consumer preference for sustainability, influencing production costs and market positioning.
2021-2023
Growth in e-commerce for luxury goods
Higher demand for premium packaging solutions as online retailers aim to enhance customer unboxing experiences, boosting trade volumes for jewelry boxes.
2020-2022
Customization and personalization
Growing consumer interest in personalized jewelry boxes with engravings or bespoke designs, creating niche markets and higher value per unit.
2019-2023
The European Union introduced stricter regulations under the Green Deal, mandating sustainable packaging materials for jewelry boxes and similar containers to reduce environmental impact.
March 2023
Manufacturers exporting to the EU must adapt to eco-friendly materials, increasing production costs but potentially improving market access for compliant suppliers.
A recent update to the US-China trade agreement reduced tariffs on certain luxury packaging goods, including jewelry boxes, to promote bilateral trade.
January 2023
This has led to a surge in exports from China to the US, benefiting Chinese manufacturers and US retailers with lower costs.
India launched a new export promotion scheme providing incentives for manufacturers of jewelry boxes and related packaging to boost competitiveness in international markets.
September 2022
Indian exporters have seen a 15% increase in trade volume, strengthening their position in markets like the Middle East and Europe.