China: Imitation Jewellery Market 2023

Imitation Jewellery Market Size in China

The Chinese imitation jewellery market reduced rapidly to $X in 2021, with a decrease of -41.7% against the previous year. Overall, consumption recorded a drastic downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Imitation Jewellery Production in China

In value terms, imitation jewellery production declined slightly to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 1.9% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Imitation Jewellery Exports

Exports from China

In 2021, the amount of imitation jewelry exported from China skyrocketed to X tons, rising by 40% compared with 2020. Over the period under review, exports recorded a buoyant increase. The growth pace was the most rapid in 2014 when exports increased by 88%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, imitation jewellery exports soared to $X in 2021. Overall, exports saw a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for imitation jewellery exports from China, with a 16% share of total exports. Moreover, imitation jewellery exports to the United States exceeded the volume sent to the second major destination, Malaysia (X tons), twofold. India (X tons) ranked third in terms of total exports with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+60.8% per year) and India (+27.6% per year).

In value terms, the United States ($X), Malaysia ($X) and the UK ($X) constituted the largest markets for imitation jewellery exported from China worldwide, together accounting for 31% of total exports. Canada, Nigeria, Saudi Arabia, Singapore, India, the United Arab Emirates, Mexico, Brazil, the Philippines and Pakistan lagged somewhat behind, together comprising a further 21%.

Nigeria, with a CAGR of +101.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average imitation jewellery export price amounted to $X per ton, surging by 53% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +4.7% 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 export price increased by +91.9% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Pakistan ($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 Malaysia (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imitation Jewellery Imports

Imports into China

In 2021, supplies from abroad of imitation jewelry decreased by -0.4% to X tons, falling for the second year in a row after three years of growth. In general, imports showed a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of 44%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, imitation jewellery imports expanded remarkably to $X in 2021. Overall, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 60%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), Indonesia (X tons) and Thailand (X tons) were the main suppliers of imitation jewellery imports to China, together accounting for 54% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +68.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), France ($X) and Thailand ($X) were the largest imitation jewellery suppliers to China, with a combined 62% share of total imports. Austria, Germany, the United Arab Emirates, India, Vietnam, the United States, Japan, Myanmar, South Korea and Indonesia lagged somewhat behind, together accounting for a further 31%.

Among the main suppliers, the United Arab Emirates, with a CAGR of +74.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average imitation jewellery import price amounted to $X per ton, jumping by 15% against the previous year. Over the period under review, the import price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 an increase of 71%. The import price peaked in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+32.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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