Denmark: Imitation Jewellery Market 2023

Imitation Jewellery Market Size in Denmark

The Danish imitation jewellery market soared to $X in 2021, jumping by 241% against the previous year. Over the period under review, consumption posted a moderate increase. Imitation jewellery consumption peaked in 2021 and is expected to retain growth in the near future.

Imitation Jewellery Production in Denmark

In value terms, imitation jewellery production amounted to $X in 2021 estimated in export price. Over the period under review, production showed a strong expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 2,491%. Imitation jewellery production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Imitation Jewellery Exports

Exports from Denmark

For the third year in a row, Denmark recorded decline in overseas shipments of imitation jewelry, which decreased by -4.4% to X tons in 2021. In general, exports showed a mild descent. The growth pace was the most rapid in 2016 when exports increased by 28%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, imitation jewellery exports skyrocketed to $X in 2021. Overall, exports saw a abrupt decline. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for imitation jewellery exports from Denmark, with a 24% share of total exports. Moreover, imitation jewellery exports to Germany exceeded the volume sent to the second major destination, Norway (X tons), twofold. Sweden (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-6.6% per year) and Sweden (-7.5% per year).

In value terms, the largest markets for imitation jewellery exported from Denmark were Germany ($X), Sweden ($X) and Norway ($X), with a combined 53% share of total exports. The UK, Poland, France, Greenland, Iceland, Italy, the Netherlands, Faroe Islands, Finland and Spain lagged somewhat behind, together accounting for a further 24%.

Among the main countries of destination, Greenland, with a CAGR of +11.6%, saw the highest growth rate of the value of exports, 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 27% against the previous year. Over the period under review, the export price, however, recorded a deep reduction. The export price peaked at $X per ton in 2012; however, from 2013 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 UK ($X per ton), while the average price for exports to Spain ($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 Sweden (+2.3%), while the prices for the other major destinations experienced a decline.

Imitation Jewellery Imports

Imports into Denmark

In 2021, approx. X tons of imitation jewelry were imported into Denmark; falling by -13.9% on the year before. Over the period under review, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2019 with an increase of 57%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, imitation jewellery imports expanded notably to $X in 2021. In general, imports showed a perceptible contraction. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of imitation jewellery to Denmark, with a 49% share of total imports. Moreover, imitation jewellery imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Germany (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+28.2% per year) and Germany (+1.6% per year).

In value terms, China ($X) constituted the largest supplier of imitation jewellery to Denmark, comprising 50% of total imports. The second position in the ranking was taken by Germany ($X), with a 7.5% share of total imports. It was followed by Thailand, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.6% per year) and Thailand (+10.8% per year).

Import Prices by Country

In 2021, the average imitation jewellery import price amounted to $X per ton, picking up by 31% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +2.3% 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 +51.2% against 2019 indices. The growth pace was the most rapid in 2015 when the average import price increased by 44% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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