Asia: Imitation Jewellery Market 2023

Imitation Jewellery Market Size in Asia

The Asian imitation jewellery market contracted remarkably to $X in 2021, dropping by -40.4% against the previous year. Overall, consumption saw a deep reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Imitation Jewellery Production in Asia

In value terms, imitation jewellery production soared to $X in 2021 estimated in export price. Overall, production saw resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 1,082%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Imitation Jewellery Exports

Exports in Asia

In 2021, the amount of imitation jewelry exported in Asia surged to X tons, jumping by 36% on 2020. Total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -17.7% against 2014 indices. The pace of growth was the most pronounced in 2014 with an increase of 52%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, imitation jewellery exports surged to $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, recording X tons, which was near 85% of total exports in 2021. It was distantly followed by Hong Kong SAR (X tons), generating a 6.4% share of total exports. India (X tons) took a minor share of total exports.

China was also the fastest-growing in terms of the imitation jewelry exports, with a CAGR of +12.1% from 2012 to 2021. Hong Kong SAR (-6.9%) and India (-16.9%) illustrated a downward trend over the same period. China (+36 p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR and India saw its share reduced by -13.4% and -19.4% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest imitation jewellery supplier in Asia, comprising 65% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +17.3%. In the other countries, the average annual rates were as follows: Hong Kong SAR (-4.9% per year) and India (-7.9% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, surging by 16% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+10.8%), while the other leaders experienced more modest paces of growth.

Imitation Jewellery Imports

Imports in Asia

In 2021, the amount of imitation jewelry imported in Asia soared to X tons, with an increase of 25% against the previous year. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, imitation jewellery imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X tons), followed by Hong Kong SAR (X tons), Malaysia (X tons), Thailand (X tons), the United Arab Emirates (X tons), Singapore (X tons), Indonesia (X tons) and Taiwan (Chinese) (X tons) represented the largest importers of imitation jewelry, together constituting 62% of total imports. Iraq (X tons), Bangladesh (X tons), Saudi Arabia (X tons), South Korea (X tons) and Japan (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iraq (with a CAGR of +22.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest imitation jewellery importing markets in Asia were Hong Kong SAR ($X), Japan ($X) and South Korea ($X), with a combined 42% share of total imports. These countries were followed by the United Arab Emirates, Singapore, Taiwan (Chinese), Thailand, Saudi Arabia, Iraq, Bangladesh, India, Malaysia and Indonesia, which together accounted for a further 34%.

Iraq, with a CAGR of +30.6%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, picking up by 4% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2018 an increase of 21% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+18.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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