Poland: Imitation Jewellery Market 2023

Imitation Jewellery Market Size in Poland

In 2021, the Polish imitation jewellery market increased by 60% to $X, rising for the third year in a row after four years of decline. Overall, consumption showed a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Imitation Jewellery Production in Poland

In value terms, imitation jewellery production surged to $X in 2021 estimated in export price. In general, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +117.6% against 2012 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Imitation Jewellery Exports

Exports from Poland

In 2021, exports of imitation jewelry from Poland skyrocketed to X tons, rising by 105% compared with 2020. Over the period under review, exports saw a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, imitation jewellery exports skyrocketed to $X in 2021. Overall, exports posted a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for imitation jewellery exports from Poland, accounting for a 30% share of total exports. Moreover, imitation jewellery exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), threefold. The third position in this ranking was taken by Romania (X tons), with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+13.8% per year) and Romania (+6.8% per year).

In value terms, Germany ($X) remains the key foreign market for imitation jewellery exports from Poland, comprising 49% of total exports. The second position in the ranking was taken by the UK ($X), with a 4.8% share of total exports. It was followed by Austria, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+34.8% per year) and Austria (+18.5% per year).

Export Prices by Country

The average imitation jewellery export price stood at $X per ton in 2021, declining by -18.5% against the previous year. Overall, the export price continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2014 an increase of 48% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Croatia ($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 Italy (+9.6%), while the prices for the other major destinations experienced a decline.

Imitation Jewellery Imports

Imports into Poland

After two years of growth, overseas purchases of imitation jewelry decreased by -6.5% to X tons in 2021. The total import volume increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when imports increased by 25%. Over the period under review, imports reached the maximum at X tons in 2020, and then declined in the following year.

In value terms, imitation jewellery imports skyrocketed to $X in 2021. Over the period under review, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +71.4% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of imitation jewellery to Poland, with a 59% share of total imports. Moreover, imitation jewellery imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.0% per year) and Spain (+66.1% per year).

In value terms, China ($X), Germany ($X) and Spain ($X) appeared to be the largest imitation jewellery suppliers to Poland, together accounting for 81% of total imports.

In terms of the main suppliers, Spain, with a CAGR of +61.3%, 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 2021, the average imitation jewellery import price amounted to $X per ton, picking up by 47% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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