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

Saudi Arabia - Imitation Jewelry - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Imitation Jewellery Market 2023

Imitation Jewellery Market Size in Saudi Arabia

The Saudi imitation jewellery market skyrocketed to $X in 2021, increasing by 18% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Imitation Jewellery Exports

Exports from Saudi Arabia

For the third consecutive year, Saudi Arabia recorded decline in overseas shipments of imitation jewelry, which decreased by -44.1% to X tons in 2021. Over the period under review, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2016 with an increase of 545% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, imitation jewellery exports shrank to $X in 2021. In general, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 428% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sudan (X tons) was the main destination for imitation jewellery exports from Saudi Arabia, with a 92% share of total exports. Moreover, imitation jewellery exports to Sudan exceeded the volume sent to the second major destination, Yemen (X kg), more than tenfold. The third position in this ranking was taken by the United Arab Emirates (X kg), with a 0.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sudan stood at +138.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (-33.3% per year) and the United Arab Emirates (-34.7% per year).

In value terms, Sudan ($X) emerged as the key foreign market for imitation jewellery exports from Saudi Arabia, comprising 96% of total exports. The second position in the ranking was taken by Yemen ($X), with a 2.8% share of total exports. It was followed by the United Arab Emirates, with a 0.2% share.

From 2012 to 2021, the average annual growth rate of value to Sudan totaled +183.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (-39.2% per year) and the United Arab Emirates (-39.2% per year).

Export Prices by Country

In 2021, the average imitation jewellery export price amounted to $X per ton, with an increase of 53% against the previous year. Over the period under review, the export price, however, recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2020 when the average export price increased by 140% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Sudan ($X per ton), while the average price for exports to Jordan ($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 Morocco (+46.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imitation Jewellery Imports

Imports into Saudi Arabia

In 2021, purchases abroad of imitation jewelry decreased by -17.1% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports showed a abrupt descent. The growth pace was the most rapid in 2019 when imports increased by 46% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, imitation jewellery imports skyrocketed to $X in 2021. In general, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -18.7% against 2019 indices. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest imitation jewellery supplier to Saudi Arabia, accounting for a 81% share of total imports. Moreover, imitation jewellery imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-19.7% per year) and South Korea (-26.7% per year).

In value terms, China ($X) constituted the largest supplier of imitation jewellery to Saudi Arabia, comprising 59% of total imports. The second position in the ranking was held by India ($X), with a 1.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-12.9% per year) and South Korea (-24.6% per year).

Import Prices by Country

In 2021, the average imitation jewellery import price amounted to $X per ton, picking up by 58% against the previous year. In general, the import price recorded a buoyant increase. As a result, import price reached 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 South Korea ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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 country with the largest volume of imitation jewellery consumption was the United States, 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 Saudi Arabia?
+
In value terms, China constituted the largest supplier of imitation jewellery to Saudi Arabia, comprising 59% of total imports. The second position in the ranking was taken by India, with a 1.7% share of total imports.
What are the leading importers of imitation jewelry from Saudi Arabia?
+
In value terms, Sudan emerged as the key foreign market for imitation jewellery exports from Saudi Arabia, comprising 96% of total exports. The second position in the ranking was taken by Yemen, with a 2.8% share of total exports. It was followed by the United Arab Emirates, with a 0.2% share.
What is the average export price for imitation jewelry in Saudi Arabia?
+
The average imitation jewellery export price stood at $121,663 per ton in 2021, rising by 53% against the previous year.
What is the average import price for imitation jewelry in Saudi Arabia?
+
The average imitation jewellery import price stood at $42,474 per ton in 2021, growing by 58% against the previous year.

This report provides an in-depth analysis of the imitation jewellery market in Saudi Arabia. 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:
• Saudi Arabia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Saudi Arabia
• 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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