Brazil: Imitation Jewellery Market 2023

Imitation Jewellery Market Size in Brazil

The Brazilian imitation jewellery market surged to $X in 2021, jumping by 37% against the previous year. In general, consumption, however, saw a deep slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Imitation Jewellery Production in Brazil

In value terms, imitation jewellery production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a deep downturn. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Imitation Jewellery Exports

Exports from Brazil

In 2021, approx. X tons of imitation jewelry were exported from Brazil; jumping by 136% against the year before. Overall, exports continue to indicate a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, imitation jewellery exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +116.5% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Chile (X tons) and Paraguay (X tons) were the main destinations of imitation jewellery exports from Brazil, together comprising 56% of total exports.

From 2012 to 2021, the biggest increases were in Paraguay (with a CAGR of +58.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for imitation jewellery exports from Brazil, comprising 43% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 14% share of total exports. It was followed by Chile, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+50.6% per year) and Chile (+14.3% per year).

Export Prices by Country

In 2021, the average imitation jewellery export price amounted to $X per ton, reducing by -20.2% against the previous year. Overall, the export price recorded a noticeable slump. The pace of growth was the most pronounced in 2013 when the average export price increased by 33% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Argentina ($X per ton), while the average price for exports to Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+14.2%), while the prices for the other major destinations experienced a decline.

Imitation Jewellery Imports

Imports into Brazil

Imitation jewellery imports into Brazil surged to X tons in 2021, with an increase of 26% on 2020 figures. Over the period under review, imports, however, showed a abrupt contraction. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imitation jewellery imports soared to $X in 2021. In general, imports, however, showed a abrupt decrease. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of imitation jewellery to Brazil, with a 90% share of total imports. Moreover, imitation jewellery imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -11.5%.

In value terms, China ($X) constituted the largest supplier of imitation jewellery to Brazil, comprising 61% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 27% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -5.8%.

Import Prices by Country

The average imitation jewellery import price stood at $X per ton in 2021, surging by 16% against the previous year. In general, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imitation jewellery import price increased by +8.8% against 2018 indices. The growth pace was the most rapid in 2013 when the average import price increased by 53% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+12.7%).

Source: IndexBox Market Intelligence Platform

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