Middle East: Imitation Jewellery Market 2022

Imitation Jewellery Market Size in the Middle East

The Middle Eastern imitation jewellery market fell dramatically to $X in 2020, shrinking by -X% against the previous year. In general, consumption showed a noticeable reduction. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. from 2015 to 2020, the growth of the market remained at a somewhat lower figure.

Imitation Jewellery Production in the Middle East

In value terms, imitation jewellery production skyrocketed to $X in 2020 estimated in export prices. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. The level of production peaked in 2020 and is expected to retain growth in the immediate term.

Production By Country in the Middle East

The country with the largest volume of imitation jewellery production was Israel (X tons), accounting for X% of total volume. Moreover, imitation jewellery production in Israel exceeded the figures recorded by the second-largest producer, Turkey (X tons), twofold.

From 2007 to 2020, the average annual rate of growth in terms of volume in Israel was relatively modest.

Imitation Jewellery Exports

Exports in the Middle East

Imitation jewellery exports skyrocketed to X tons in 2020, picking up by X% compared with the previous year. Overall, exports posted a notable expansion. Over the period under review, exports reached the maximum at X tons in 2008; however, from 2009 to 2020, exports stood at a somewhat lower figure.

In value terms, imitation jewellery exports skyrocketed to $X in 2020. Over the period under review, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. The level of export peaked in 2020 and is expected to retain growth in the immediate term.

Exports by Country

The United Arab Emirates dominates imitation jewellery exports structure, resulting at X tons, which was near X% of total exports in 2020. It was distantly followed by Turkey (X tons) and Israel (X tons), together making up a X% share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of +X% from 2007 to 2020. At the same time, Israel (+X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +X% from 2007-2020. By contrast, Turkey (-X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+X p.p.) and Israel (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Turkey (-X p.p.) displayed negative dynamics.

In value terms, Israel ($X) remains the largest imitation jewellery supplier in the Middle East, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports.

In Israel, imitation jewellery exports increased at an average annual rate of +X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+X% per year) and Turkey (-X% per year).

Export Prices by Country

In 2020, the imitation jewellery export price in the Middle East amounted to $X per ton, declining by -X% against the previous year. Overall, the export price, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2009 an increase of X% y-o-y. Over the period under review, export prices hit record highs at $X per ton in 2019, and then contracted markedly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Israel ($X per ton), while Turkey ($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 Arab Emirates, while the other leaders experienced mixed trends in the export price figures.

Imitation Jewellery Imports

Imports in the Middle East

For the third consecutive year, the Middle East recorded decline in overseas purchases of imitation jewellery, which decreased by -X% to X tons in 2020. In general, imports recorded a noticeable reduction. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. As a result, imports attained the peak of X tons. from 2015 to 2020, the growth imports remained at a lower figure.

In value terms, imitation jewellery imports dropped markedly to $X in 2020. Total imports indicated a slight expansion from 2007 to 2020: its value decreased 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, imports decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2008 when imports increased by X% year-to-year. The level of import peaked at $X in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, the United Arab Emirates (X tons) and Saudi Arabia (X tons) were the largest importers of imitation jewellery in the Middle East, together mixing up X% of total imports. Iran (X tons) ranks next in terms of the total imports with a X% share, followed by Israel (X%), Oman (X%) and Yemen (X%). Kuwait (X tons) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in Oman, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest imitation jewellery importing markets in the Middle East were the United Arab Emirates ($X), Saudi Arabia ($X) and Kuwait ($X), together accounting for X% of total imports. These countries were followed by Israel, Iran, Oman and Yemen, which together accounted for a further X terms of the main importing countries, Oman saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the imitation jewellery import price in the Middle East amounted to $X per ton, picking up by X% against the previous year. Import price indicated a notable increase 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 increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2011 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. from 2012 to 2020, the growth in terms of the import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Kuwait ($X per ton), while Yemen ($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 Arab Emirates, while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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