Imitation Jewellery Price in Spain Rises to $73.4 per kg

Spain Imitation Jewellery Import Price in October 2022

In October 2022, the imitation jewellery price stood at $73.4 per kg (CIF, Spain), picking up by 8.2% against the previous month. Over the last nine-month period, it increased at an average monthly rate of +2.4%. The pace of growth was the most pronounced in May 2022 an increase of 10% m-o-m. Over the period under review, average import prices hit record highs at $77.9 per kg in July 2022; however, from August 2022 to October 2022, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($369 per kg), while the price for Belgium ($32.1 per kg) was amongst the lowest.

From January 2022 to October 2022, the most notable rate of growth in terms of prices was attained by Poland (+23.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Spain Imitation Jewellery Imports

In October 2022, supplies from abroad of imitation jewelry increased by 23% to 383 tons, rising for the third month in a row after two months of decline. The total import volume increased at an average monthly rate of +1.9% from January 2022 to October 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imitation jewellery imports skyrocketed to $28M (IndexBox estimates) in October 2022. Over the period under review, total imports indicated a noticeable expansion from January 2022 to October 2022: its value increased at an average monthly rate of +4.4% over the last nine-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2022 figures, imports increased by +36.7% against August 2022 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Spain Imitation Jewellery Imports by Country

China (170 tons), Belgium (98 tons) and Germany (28 tons) were the main suppliers of imitation jewellery imports to Spain, with a combined 77% share of total imports. These countries were followed by Portugal, Italy, India, Austria, France and Poland, which together accounted for a further 16%.

From January 2022 to October 2022, the biggest increases were in Austria (with a CAGR of +22.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($11M) constituted the largest supplier of imitation jewellery to Spain, comprising 38% of total imports. The second position in the ranking was held by Italy ($4.4M), with a 16% share of total imports. It was followed by Belgium, with an 11% share.

From January 2022 to October 2022, the average monthly rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Italy (+15.2% per month) and Belgium (+24.8% per month).

Imitation Jewellery Market Overview

The imitation jewelry market in Spain is growing rapidly, due to a combination of factors such as an increase in disposable income, a desire for fashion and status, and a growing trend of wearing jewelry as a form of self-expression.

The vast majority of imitation jewelry is made from metals such as brass or copper, which are then plated with silver or gold. Some more expensive pieces may be made from sterling silver or even white gold. Cubic zirconia is often used to imitate diamonds, while other precious and semi-precious stones may be used to create beautiful imitations of more expensive gemstone jewelry.

Source: IndexBox Market Intelligence Platform