Norway: Imitation Jewellery Market 2023

Imitation Jewellery Market Size in Norway

In 2021, the Norwegian imitation jewellery market increased by 4.1% to $X for the first time since 2013, thus ending a seven-year declining trend. Overall, consumption recorded a abrupt slump. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Imitation Jewellery Exports

Exports from Norway

In 2021, shipments abroad of imitation jewelry increased by 121% to X tons, rising for the third consecutive year after five years of decline. In general, exports posted a measured expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, imitation jewellery exports surged to $X in 2021. Over the period under review, exports recorded a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons) was the main destination for imitation jewellery exports from Norway, with a 44% share of total exports. Moreover, imitation jewellery exports to Sweden exceeded the volume sent to the second major destination, Italy (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden totaled -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+57.7% per year) and Germany (+14.0% per year).

In value terms, the largest markets for imitation jewellery exported from Norway were Sweden ($X), Germany ($X) and Italy ($X), with a combined 34% share of total exports. These countries were followed by Denmark, Russia, Poland, Iceland, Finland and Hungary, which together accounted for a further 15%.

In terms of the main countries of destination, Poland, with a CAGR of +73.0%, 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

In 2021, the average imitation jewellery export price amounted to $X per ton, picking up by 38% against the previous year. In general, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imitation jewellery export price increased by +87.7% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while the average price for exports to Iceland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imitation Jewellery Imports

Imports into Norway

In 2021, overseas purchases of imitation jewelry decreased by -1% to X tons, falling for the eighth consecutive year after two years of growth. In general, imports showed a abrupt downturn. The growth pace was the most rapid in 2013 when imports increased by 1.2%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, imitation jewellery imports surged to $X in 2021. Overall, imports saw a abrupt contraction. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of imitation jewellery to Norway, with a 62% share of total imports. Moreover, imitation jewellery imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X tons), more than tenfold. Denmark (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-10.7% per year) and Denmark (-7.2% per year).

In value terms, China ($X) constituted the largest supplier of imitation jewellery to Norway, comprising 55% of total imports. The second position in the ranking was taken by Denmark ($X), with a 7.9% share of total imports. It was followed by Sweden, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-4.4% per year) and Sweden (-7.9% per year).

Import Prices by Country

The average imitation jewellery import price stood at $X per ton in 2021, growing by 17% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imitation jewellery import price increased by +11.0% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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