Mexico: Imitation Jewellery Market 2022

Imitation Jewellery Market Size in Mexico

In 2020, the Mexican imitation jewellery market decreased by -X% to $X, falling for the third year in a row after two years of growth. In general, consumption showed a slight shrinkage. The pace of growth appeared the most rapid in 2013 when the market value increased by X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Imitation Jewellery Production in Mexico

In value terms, imitation jewellery production skyrocketed to $X in 2020 estimated in export prices. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% y-o-y. Imitation jewellery production peaked at $X in 2008; however, from 2009 to 2020, production remained at a lower figure.

Imitation Jewellery Exports

Exports from Mexico

In 2020, approx. X tons of imitation jewellery were exported from Mexico; reducing by -X% compared with the previous year's figure. Overall, exports, however, saw a measured increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, exports attained the peak of X tons. from 2019 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, imitation jewellery exports declined markedly to $X in 2020. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for imitation jewellery exports from Mexico, accounting for a X% share of total exports. It was followed by Spain (X tons), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to the United States totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and Guatemala (+X% per year).

In value terms, the United States ($X) remains the key foreign market for imitation jewellery exports from Mexico, comprising X% of total exports. The second position in the ranking was occupied by Spain ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-X% per year) and Guatemala (-X% per year).

Export Prices by Country

In 2020, the average imitation jewellery export price amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2020, export prices failed to regain the momentum.

Average prices varied noticeably for the major export markets. In 2020, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain ($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 a decline.

Imitation Jewellery Imports

Imports into Mexico

In 2020, imports of imitation jewellery into Mexico plummeted to X tons, declining by -X% on the previous year's figure. In general, imports saw a perceptible reduction. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at X tons in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

In value terms, imitation jewellery imports declined significantly to $X in 2020. Over the period under review, imports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

Imports by Country

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

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: Spain (-X% per year) and the United States (-X% per year).

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

From 2007 to 2020, the average annual growth rate of value from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-X% per year) and Spain (-X% per year).

Import Prices by Country

The average imitation jewellery import price stood at $X per ton in 2020, almost unchanged from the previous year. Overall, import price indicated pronounced growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imitation jewellery import price decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2020, import prices stood at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the prices for the other major suppliers experienced mixed trend patterns.

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Source: IndexBox Platform

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