Canada: Imitation Jewellery Market 2023

Imitation Jewellery Market Size in Canada

The Canadian imitation jewellery market was finally on the rise to reach $X in 2021, after six years of decline. Over the period under review, consumption, however, showed a drastic downturn. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Imitation Jewellery Exports

Exports from Canada

In 2021, exports of imitation jewelry from Canada skyrocketed to X tons, increasing by 54% against 2020. Overall, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 71%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, imitation jewellery exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a deep downturn. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for imitation jewellery exports from Canada, accounting for a 69% share of total exports. Moreover, imitation jewellery exports to the United States exceeded the volume sent to the second major destination, Burkina Faso (X kg), more than tenfold. Mauritius (X kg) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (0.0% per year) and Mauritius (+89.1% per year).

In value terms, the United States ($X) remains the key foreign market for imitation jewellery exports from Canada, comprising 86% of total exports. The second position in the ranking was taken by Mauritius ($X), with a 1.5% share of total exports. It was followed by Mexico, with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritius (+60.7% per year) and Mexico (+29.2% per year).

Export Prices by Country

The average imitation jewellery export price stood at $X per kg in 2021, waning by -10.8% against the previous year. Overall, the export price faced a sharp curtailment. The pace of growth appeared the most rapid in 2013 an increase of 46% against the previous year. The export price peaked at $X per kg in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per kg), while the average price for exports to Burkina Faso ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mauritius (-14.6%), while the prices for the other major destinations experienced a decline.

Imitation Jewellery Imports

Imports into Canada

In 2021, purchases abroad of imitation jewelry was finally on the rise to reach X tons for the first time since 2014, thus ending a six-year declining trend. Overall, imports, however, showed a abrupt decline. The growth pace was the most rapid in 2014 when imports increased by 11% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, imitation jewellery imports surged to $X in 2021. In general, imports, however, recorded a drastic downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest imitation jewellery supplier to Canada, accounting for a 52% share of total imports. Moreover, imitation jewellery imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The United States (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+20.1% per year) and the United States (-2.5% per year).

In value terms, China ($X) constituted the largest supplier of imitation jewellery to Canada, comprising 52% of total imports. The second position in the ranking was taken by Italy ($X), with a 12% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+19.8% per year) and the United States (-2.7% per year).

Import Prices by Country

In 2021, the average imitation jewellery import price amounted to $X per ton, growing by 13% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were the United States ($X per ton) and China ($X per ton), while the price for Germany ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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