India: Imitation Jewellery Market 2022

Imitation Jewellery Market Size in India

The Indian imitation jewellery market dropped to $X in 2020, reducing by -X% against the previous year. Overall, consumption, however, recorded a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imitation jewellery consumption peaked at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Imitation Jewellery Production in India

In value terms, imitation jewellery production fell rapidly to $X in 2020 estimated in export prices. Overall, production, however, recorded a deep setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Imitation jewellery production peaked at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Imitation Jewellery Exports

Exports from India

In 2020, overseas shipments of imitation jewellery increased by X% to X tons, rising for the second year in a row after four years of decline. Over the period under review, exports, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2011 when exports increased by X% against the previous year. Exports peaked at X tons in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

In value terms, imitation jewellery exports declined notably to $X in 2020. In general, exports, however, recorded a mild decrease. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2014; however, from 2015 to 2020, exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for imitation jewellery exports from India, with a X% share of total exports. Moreover, imitation jewellery exports to the United Arab Emirates exceeded the volume sent to the second major destination, Afghanistan (X tons), fivefold. Bangladesh (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to the United Arab Emirates totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (+X% per year) and Bangladesh (+X% per year).

In value terms, the largest markets for imitation jewellery exported from India were the United States ($X), the United Arab Emirates ($X) and Nigeria ($X), together comprising X% of total exports. Iran, Afghanistan, Bangladesh and Nepal lagged somewhat behind, together accounting for a further X the main countries of destination, Bangladesh saw the highest rates of growth with regard to 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 2020, the average imitation jewellery export price amounted to $X per ton, waning by -X% against the previous year. Over the period under review, the export price, however, showed a resilient increase. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was the United States ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United States, while the prices for the other major destinations experienced more modest paces of growth.

Imitation Jewellery Imports

Imports into India

In 2020, supplies from abroad of imitation jewellery decreased by -X% to X tons, falling for the second year in a row after four years of growth. In general, imports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2009 when imports increased by X% year-to-year. Imports peaked at X tons in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, imitation jewellery imports dropped remarkably to $X in 2020. Over the period under review, imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2011 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, China (X tons) was the main imitation jewellery supplier to India, with a X% share of total imports. Moreover, imitation jewellery imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from China stood at +X%.

In value terms, China ($X) constituted the largest supplier of imitation jewellery to India, comprising X% of total imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from China totaled +X%.

Import Prices by Country

The average imitation jewellery import price stood at $X per ton in 2020, picking up by X% against the previous year. Overall, the import price, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2011 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2008; however, from 2009 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was South Korea ($X per ton), while the price for China amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea.

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Source: IndexBox Platform

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