Czech Republic: Imitation Jewellery Market 2023

Imitation Jewellery Market Size in the Czech Republic

In 2021, the Czech imitation jewellery market increased by 6.6% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, recorded a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Imitation Jewellery Production in the Czech Republic

In value terms, imitation jewellery production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of 105% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Imitation Jewellery Exports

Exports from the Czech Republic

In 2021, after six years of decline, there was significant growth in shipments abroad of imitation jewelry, when their volume increased by 25% to X tons. Overall, exports, however, saw a abrupt descent. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, imitation jewellery exports surged to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for imitation jewellery exports from the Czech Republic, with a 51% share of total exports. Moreover, imitation jewellery exports to Germany exceeded the volume sent to the second major destination, Slovakia (X tons), fivefold. Poland (X tons) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-11.5% per year) and Poland (-2.5% per year).

In value terms, Germany ($X) remains the key foreign market for imitation jewellery exports from the Czech Republic, comprising 52% of total exports. The second position in the ranking was taken by Italy ($X), with a 9.5% share of total exports. It was followed by Slovakia, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-5.6% per year) and Slovakia (-3.5% per year).

Export Prices by Country

The average imitation jewellery export price stood at $X per ton in 2021, with a decrease of -3.2% against the previous year. Overall, the export price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2020 an increase of 37%. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to Spain ($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 Brazil (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imitation Jewellery Imports

Imports into the Czech Republic

In 2021, approx. X tons of imitation jewelry were imported into the Czech Republic; increasing by 6% on 2020. In general, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of 19% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, imitation jewellery imports rose significantly to $X in 2021. Over the period under review, imports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 when imports increased by 12%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of imitation jewellery imports to the Czech Republic, together accounting for 63% of total imports. The Netherlands, Austria, Hong Kong SAR, the UK, Italy and Slovakia lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +37.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest imitation jewellery suppliers to the Czech Republic were Germany ($X), China ($X) and Poland ($X), together comprising 55% of total imports.

Among the main suppliers, Poland, with a CAGR of +35.7%, saw 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

The average imitation jewellery import price stood at $X per ton in 2021, picking up by 5.1% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imitation jewellery import price increased by +68.4% against 2015 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 28% against the previous year. The import price peaked in 2021 and is expected to retain 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 Germany ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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