Kuwait: Imitation Jewellery Market 2022

Imitation Jewellery Market Size in Kuwait

The Kuwaiti imitation jewellery market reduced modestly to $X in 2020, declining by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a slight descent. The most prominent rate of growth was recorded in 2013 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2020, consumption remained at a lower figure.

Imitation Jewellery Exports

Exports from Kuwait

In 2020, shipments abroad of imitation jewellery decreased by -X% to X tons, falling for the second year in a row after six years of growth. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Exports peaked at X tons in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, imitation jewellery exports fell markedly to $X in 2020. Over the period under review, exports continue to indicate a notable expansion. The pace of growth was the most pronounced in 2010 when exports increased by X% year-to-year. Exports peaked at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for imitation jewellery exports from Kuwait, with a X% share of total exports. Moreover, imitation jewellery exports to Saudi Arabia exceeded the volume sent to the second major destination, Qatar (X kg), fourfold. The United Arab Emirates (X kg) ranked third in terms of total exports with a X% share.

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

In value terms, Saudi Arabia ($X), Italy ($X) and Qatar ($X) were the largest markets for imitation jewellery exported from Kuwait worldwide, with a combined X% share of total exports.

Among the main countries of destination, Saudi Arabia (+X% per year) recorded 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

The average imitation jewellery export price stood at $X per ton in 2020, waning by -X% against the previous year. Overall, the export price, however, showed a resilient increase. The pace of growth was the most pronounced in 2010 an increase of X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per ton in 2019, and then fell rapidly in the following year.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Italy ($X per ton), while the average price for exports to the United Arab Emirates ($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 Italy, while the prices for the other major destinations experienced more modest paces of growth.

Imitation Jewellery Imports

Imports into Kuwait

In 2020, imitation jewellery imports into Kuwait dropped to X tons, with a decrease of -X% compared with 2019 figures. Over the period under review, imports continue to indicate a pronounced downturn. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2020, imports remained at a lower figure.

In value terms, imitation jewellery imports contracted slightly to $X in 2020. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when imports increased by X% y-o-y. Imports peaked at $X in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, China (X tons) constituted the largest imitation jewellery supplier to Kuwait, accounting for a X% share of total imports. It was followed by Italy (X tons), with a X% share of total imports. India (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and India (-X% per year).

In value terms, China ($X), Italy ($X) and the United States ($X) constituted the largest imitation jewellery suppliers to Kuwait, together accounting for X% of total imports.

Italy recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average imitation jewellery import price amounted to $X per ton, surging by X% against the previous year. In general, the import price enjoyed measured growth. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

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Source: IndexBox Platform

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