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Article Publishing Date: Aug 3, 2023
Remarkable Reduction: South Africa's Imitation Jewellery Dips to $4,925/Ton
South Africa Imitation Jewellery Import Price in May 2023
In May 2023, the imitation jewellery price amounted to $4,925 per ton (CIF, South Africa), reducing by -32.8% against the previous month. Over the period under review, the import price faced a deep downturn. The most prominent rate of growth was recorded in January 2023 an increase of 113% m-o-m. Over the period under review, average import prices reached the maximum at $55,351 per ton in May 2022; however, from June 2022 to May 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($19,678 per ton), while the price for China amounted to $3,742 per ton.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by India (-6.4%).
| COUNTRY | Import Price of Imitation Jewellery in South Africa (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | |
| India | 43,329 | 18,578 | 23,256 | 14,147 | 3,995 | 12,820 | 22,036 | 8,856 | 11,212 | 16,906 | 12,155 | 17,704 | 19,678 |
| China | 23,657 | 8,160 | 13,110 | 12,915 | 13,084 | 14,464 | 7,508 | 4,537 | 9,978 | 9,049 | 12,167 | 5,215 | 3,742 |
| Average | 55,351 | 10,611 | 14,770 | 14,538 | 14,374 | 15,715 | 10,468 | 5,424 | 11,527 | 12,287 | 13,919 | 7,329 | 4,925 |
South Africa Imitation Jewellery Imports
In May 2023, supplies from abroad of imitation jewelry increased by 40% to 408 tons, rising for the third consecutive month after two months of decline. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in June 2022 when imports increased by 1,842% against the previous month.
In value terms, imitation jewellery imports declined to $2M (IndexBox estimates) in May 2023. Over the period under review, total imports indicated a resilient expansion from May 2022 to May 2023: its value increased at an average monthly rate of +8.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, imports increased by +7.5% against February 2023 indices. The pace of growth was the most pronounced in June 2022 with an increase of 272% against the previous month.
South Africa Imitation Jewellery Imports by Country
In May 2023, China (396 tons) was the main supplier of imitation jewellery to South Africa, with a 97% share of total imports. It was followed by India (3.5 tons), with a 0.9% share of total imports.
From May 2022 to May 2023, the average monthly growth rate of volume from China stood at +60.7%.
In value terms, China ($1.5M) constituted the largest supplier of imitation jewellery to South Africa, comprising 74% of total imports. The second position in the ranking was held by India ($69K), with a 3.4% share of total imports.
From May 2022 to May 2023, the average monthly rate of growth in terms of value from China totaled +37.8%.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Imports, In Physical Terms, 2012–2022
Figure 24:
Imports, In Value Terms, 2012–2022
Figure 25:
Imports, In Physical Terms, By Country, 2022
Figure 26:
Imports, In Physical Terms, By Country, 2012–2022
Figure 27:
Imports, In Value Terms, By Country, 2012–2022
Figure 28:
Import Prices, By Country Of Origin, 2012–2022
Figure 29:
Exports, In Physical Terms, 2012–2022
Figure 30:
Exports, In Value Terms, 2012–2022
Figure 31:
Exports, In Physical Terms, By Country, 2022
Figure 32:
Exports, In Physical Terms, By Country, 2012–2022
Figure 33:
Exports, In Value Terms, By Country, 2012–2022
Figure 34:
Export Prices, By Country Of Destination, 2012–2022
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