Asia: Imitation Jewellery Market 2022

Imitation Jewellery Market Size in Asia

The Asian imitation jewellery market dropped markedly to $X in 2020, which is down by -X% against the previous year. In general, consumption recorded a pronounced slump. The most prominent rate of growth was recorded in 2013 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. from 2014 to 2020, the growth of the market remained at a somewhat lower figure.

Imitation Jewellery Production in Asia

In value terms, imitation jewellery production amounted to $X in 2020 estimated in export prices. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X. from 2014 to 2020, production growth failed to regain the momentum.

Production By Country in Asia

The country with the largest volume of imitation jewellery production was China (X tons), accounting for X% of total volume. Moreover, imitation jewellery production in China exceeded the figures recorded by the second-largest producer, India (X tons), fivefold. Indonesia (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: India (-X% per year) and Indonesia (+X% per year).

Imitation Jewellery Exports

Exports in Asia

In 2020, imitation jewellery exports in Asia skyrocketed to X tons, rising by X% against 2019 figures. Total exports indicated perceptible growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2016 indices. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, imitation jewellery exports shrank significantly to $X in 2020. In general, exports saw a pronounced reduction. The pace of growth was the most pronounced in 2008 when exports increased by X% year-to-year. The level of export peaked at $X in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

Exports by Country

China dominates imitation jewellery exports structure, finishing at X tons, which was near X% of total exports in 2020. It was distantly followed by Hong Kong SAR (X tons), constituting a X% share of total exports. India (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the imitation jewellery exports, with a CAGR of +X% from 2007 to 2020. India (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of India (-X p.p.) and Hong Kong SAR (-X p.p.) displayed negative dynamics.

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

In China, imitation jewellery exports plunged by an average annual rate of -X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (-X% per year) and India (-X% per year).

Export Prices by Country

The imitation jewellery export price in Asia stood at $X per ton in 2020, shrinking by -X% against the previous year. Overall, the export price continues to indicate a pronounced decline. The growth pace was the most rapid in 2014 when the export price increased by X% y-o-y. The level of export peaked at $X per ton in 2016; however, from 2017 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced mixed trends in the export price figures.

Imitation Jewellery Imports

Imports in Asia

In 2020, supplies from abroad of imitation jewellery decreased by -X% to X tons, falling for the second year in a row after three years of growth. In general, imports, however, saw modest growth. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. from 2019 to 2020, the growth imports failed to regain the momentum.

In value terms, imitation jewellery imports contracted dramatically to $X in 2020. Total imports indicated temperate growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The growth pace was the most rapid in 2013 when imports increased by X% year-to-year. The level of import peaked at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Pakistan (X tons) was the major importer of imitation jewellery, mixing up X% of total imports. Japan (X tons) ranks second in terms of the total imports with a X% share, followed by Hong Kong SAR (X%), Singapore (X%) and Thailand (X%). Malaysia (X tons), Indonesia (X tons), India (X tons), the United Arab Emirates (X tons), Saudi Arabia (X tons), South Korea (X tons) and Vietnam (X tons) occupied a little share of total imports.

Pakistan was also the fastest-growing in terms of the imitation jewellery imports, with a CAGR of +X% from 2007 to 2020. At the same time, Vietnam (+X%), Malaysia (+X%), India (+X%), Singapore (+X%), Thailand (+X%) and Japan (+X%) displayed positive paces of growth. Indonesia experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-X%), Saudi Arabia (-X%), South Korea (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of Pakistan (+X p.p.), Singapore (+X p.p.), Malaysia (+X p.p.), India (+X p.p.) and Thailand (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Saudi Arabia (-X p.p.), the United Arab Emirates (-X p.p.), South Korea (-X p.p.) and Hong Kong SAR (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest imitation jewellery importing markets in Asia were Japan ($X), Hong Kong SAR ($X) and Singapore ($X), with a combined X% share of total imports. These countries were followed by South Korea, the United Arab Emirates, Saudi Arabia, Thailand, Malaysia, Indonesia, India, Vietnam and Pakistan, which together accounted for a further X recorded the highest rates of growth with regard to 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

In 2020, the imitation jewellery import price in Asia amounted to $X per ton, reducing by -X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by X% y-o-y. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was South Korea ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform

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