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

Singapore - Imitation Jewelry - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Imitation Jewellery Market 2023

Imitation Jewellery Market Size in Singapore

The Singaporean imitation jewellery market soared to $X in 2021, rising by 52% 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). In general, consumption continues to indicate a strong increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Imitation Jewellery Exports

Exports from Singapore

In 2021, imitation jewellery exports from Singapore shrank dramatically to X tons, dropping by -68.7% on the year before. In general, exports, however, continue to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2019 with an increase of 739%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, imitation jewellery exports reduced markedly to $X in 2021. Over the period under review, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of 717% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Japan (X tons), Australia (X tons) and China (X tons) were the main destinations of imitation jewellery exports from Singapore, with a combined 60% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +43.4%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Australia ($X) and China ($X) were the largest markets for imitation jewellery exported from Singapore worldwide, together accounting for 60% of total exports.

China, with a CAGR of +53.0%, saw 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 more modest paces of growth.

Export Prices by Country

In 2021, the average imitation jewellery export price amounted to $X per ton, jumping by 48% against the previous year. Overall, the export price recorded a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, the countries with the highest prices were South Korea ($X per ton) and the United States ($X per ton), while the average price for exports to Vietnam ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imitation Jewellery Imports

Imports into Singapore

In 2021, supplies from abroad of imitation jewelry increased by 22% to X tons, rising for the fourth year in a row after three years of decline. Over the period under review, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 when imports increased by 182% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, imitation jewellery imports declined rapidly to $X in 2021. In general, imports saw prominent growth. The pace of growth was the most pronounced in 2014 with an increase of 112%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest imitation jewellery supplier to Singapore, with a 84% share of total imports. Moreover, imitation jewellery imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), more than tenfold. Indonesia (X tons) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +35.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+1.4% per year) and Indonesia (+3.8% per year).

In value terms, China ($X) constituted the largest supplier of imitation jewellery to Singapore, comprising 45% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with an 11% share of total imports. It was followed by Thailand, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +40.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+3.9% per year) and Thailand (-4.7% per year).

Import Prices by Country

In 2021, the average imitation jewellery import price amounted to $X per ton, dropping by -33.4% against the previous year. Overall, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 27%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Thailand ($X per ton), while the price for China ($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 (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

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, comprising approx. 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 United States constituted the country with the largest volume of imitation jewellery production, comprising approx. 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 Singapore?
+
In value terms, China constituted the largest supplier of imitation jewellery to Singapore, comprising 45% of total imports. The second position in the ranking was held by Hong Kong SAR, with an 11% share of total imports. It was followed by Thailand, with a 6.9% share.
What are the leading importers of imitation jewelry from Singapore?
+
In value terms, Japan, Australia and China constituted the largest markets for imitation jewellery exported from Singapore worldwide, together comprising 60% of total exports.
What is the average export price for imitation jewelry in Singapore?
+
The average imitation jewellery export price stood at $362,425 per ton in 2021, rising by 48% against the previous year.
What is the average import price for imitation jewelry in Singapore?
+
In 2021, the average imitation jewellery import price amounted to $39,727 per ton, waning by -33.4% against the previous year.

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

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