EU: Imitation Jewellery Market 2023

Imitation Jewellery Market Size in the EU

The EU imitation jewellery market totaled $X in 2021, rising by 2.9% against the previous year. Overall, consumption continues to indicate a perceptible descent. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Imitation Jewellery Production in the EU

In value terms, imitation jewellery production reduced slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a mild decline. The pace of growth was the most pronounced in 2015 with an increase of 392% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Imitation Jewellery Exports

Exports in the EU

After three years of decline, overseas shipments of imitation jewelry increased by 29% to X tons in 2021. Overall, exports recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, imitation jewellery exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from the Netherlands (X tons), Italy (X tons), Greece (X tons), Germany (X tons), France (X tons), Spain (X tons), Poland (X tons) and Belgium (X tons), together amounting to 90% of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Greece (with a CAGR of +18.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest imitation jewellery supplying countries in the European Union were France ($X), Italy ($X) and Germany ($X), with a combined 71% share of total exports. Spain, the Netherlands, Poland, Belgium and Greece lagged somewhat behind, together comprising a further 17%.

In terms of the main exporting countries, Poland, with a CAGR of +11.9%, recorded 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

The export price in the European Union stood at $X per ton in 2021, dropping by -8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2018 when the export price increased by 12%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+10.4%), while the other leaders experienced more modest paces of growth.

Imitation Jewellery Imports

Imports in the EU

Imitation jewellery imports expanded significantly to X tons in 2021, with an increase of 7.6% on the previous year. Overall, imports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2019 when imports increased by 12%. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, imitation jewellery imports skyrocketed to $X in 2021. In general, imports, however, recorded a noticeable decline. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons), France (X tons), Greece (X tons), Spain (X tons), Italy (X tons), Belgium (X tons), Poland (X tons) and Austria (X tons) represented roughly 87% of total imports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Greece (with a CAGR of +9.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest imitation jewellery importing markets in the European Union were France ($X), Germany ($X) and Italy ($X), with a combined 54% share of total imports. These countries were followed by Austria, Spain, the Netherlands, Poland, Belgium and Greece, which together accounted for a further 33%.

In terms of the main importing countries, Poland, with a CAGR of +4.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, picking up by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2015 an increase of 20%. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Austria ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+8.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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