Report Republic of Korea - Imitation Jewelry - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 19, 2023

Republic of Korea - Imitation Jewelry - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Imitation Jewellery Market 2023

Imitation Jewellery Market Size in Republic of Korea

The South Korean imitation jewellery market soared to $X in 2021, with an increase of 29% against the previous year. Over the period under review, consumption saw significant growth. Over the period under review, the market attained the peak level in 2021 and is likely to continue growth in the immediate term.

Imitation Jewellery Production in Republic of Korea

In value terms, imitation jewellery production fell slightly to $X in 2021 estimated in export price. In general, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +70.0% against 2012 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 23% against the previous year. Imitation jewellery production peaked at $X in 2020, and then dropped modestly in the following year.

Imitation Jewellery Exports

Exports from Republic of Korea

In 2021, overseas shipments of imitation jewelry were finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 2% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, imitation jewellery exports expanded sharply to $X in 2021. Overall, exports, however, saw a deep contraction. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X tons), the United States (X tons) and Italy (X tons) were the main destinations of imitation jewellery exports from South Korea, together comprising 55% of total exports.

From 2012 to 2021, the biggest increases were in Italy (with a CAGR of +3.1%), while shipments for the other leaders experienced a decline.

In value terms, Japan ($X), the United States ($X) and China ($X) were the largest markets for imitation jewellery exported from South Korea worldwide, with a combined 68% share of total exports. Hong Kong SAR, Vietnam, Thailand, Italy, Brazil, Taiwan (Chinese), Saudi Arabia and the United Arab Emirates lagged somewhat behind, together accounting for a further 13%.

Vietnam, with a CAGR of +8.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average imitation jewellery export price stood at $X per ton in 2021, rising by 5.3% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +7.5% 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 +91.7% against 2012 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 27% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 China (+39.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imitation Jewellery Imports

Imports into Republic of Korea

In 2021, purchases abroad of imitation jewelry increased by 7.8% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, showed a slight descent. The pace of growth was the most pronounced in 2017 when imports increased by 7.9%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imitation jewellery imports soared to $X in 2021. Overall, imports showed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main imitation jewellery supplier to South Korea, with a 91% share of total imports. It was followed by Italy (X tons), with a 2.2% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -1.9%.

In value terms, China ($X) constituted the largest supplier of imitation jewellery to South Korea, comprising 43% of total imports. The second position in the ranking was taken by Italy ($X), with an 18% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +9.3%.

Import Prices by Country

The average imitation jewellery import price stood at $X per ton in 2021, jumping by 27% against the previous year. Overall, the import price saw a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 34%. The import price peaked in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.3%).

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for imitation jewelry in the world?
+
The United States remains the largest imitation jewellery consuming country worldwide, accounting for 70% of total volume. Moreover, imitation jewellery consumption in the United States exceeded the figures recorded by the second-largest consumer, China, eightfold.
What are the largest producers of imitation jewelry in the world?
+
The country with the largest volume of imitation jewellery production was the United States, accounting for 64% of total volume. Moreover, imitation jewellery production in the United States exceeded the figures recorded by the second-largest producer, China, twofold.
What are the leading suppliers of imitation jewelry to Republic of Korea?
+
In value terms, China constituted the largest supplier of imitation jewellery to South Korea, comprising 43% of total imports. The second position in the ranking was held by Italy, with an 18% share of total imports.
What are the leading importers of imitation jewelry from Republic of Korea?
+
In value terms, the largest markets for imitation jewellery exported from South Korea were Japan, the United States and China, with a combined 68% share of total exports. These countries were followed by Hong Kong SAR, Vietnam, Thailand, Italy, Brazil, Taiwan Chinese), Saudi Arabia and the United Arab Emirates, which together accounted for a further 13%.
What is the average export price for imitation jewelry in Republic of Korea?
+
The average imitation jewellery export price stood at $108,685 per ton in 2021, picking up by 5.3% against the previous year.
What is the average import price for imitation jewelry in Republic of Korea?
+
In 2021, the average imitation jewellery import price amounted to $75,083 per ton, jumping by 27% against the previous year.

This report provides an in-depth analysis of the imitation jewellery market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 32131000 - Imitation jewellery and related articles
Country coverage:
• South Korea

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Republic of Korea
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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