Spain: Imitation Jewellery Market 2023

Imitation Jewellery Market Size in Spain

The Spanish imitation jewellery market shrank markedly to $X in 2021, dropping by -20.6% against the previous year. Overall, consumption saw a drastic downturn. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Imitation Jewellery Production in Spain

In value terms, imitation jewellery production soared to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt contraction. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Imitation Jewellery Exports

Exports from Spain

After three years of decline, overseas shipments of imitation jewelry increased by 63% to X tons in 2021. Over the period under review, exports, however, saw a slight setback. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, imitation jewellery exports soared to $X in 2021. The total export value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for imitation jewellery exports from Spain, accounting for a 25% share of total exports. Moreover, imitation jewellery exports to France exceeded the volume sent to the second major destination, Portugal (X tons), twofold. The third position in this ranking was held by Poland (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-10.2% per year) and Poland (+22.9% per year).

In value terms, France ($X) remains the key foreign market for imitation jewellery exports from Spain, comprising 26% of total exports. The second position in the ranking was held by Italy ($X), with a 9% share of total exports. It was followed by Portugal, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+5.1% per year) and Portugal (-4.4% per year).

Export Prices by Country

The average imitation jewellery export price stood at $X per ton in 2021, shrinking by -19.2% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.5% 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 +47.6% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 30% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell dramatically in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Poland ($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 Portugal (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imitation Jewellery Imports

Imports into Spain

In 2021, approx. X tons of imitation jewelry were imported into Spain; falling by -13.1% compared with 2020. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 30%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, imitation jewellery imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a noticeable decline. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of imitation jewellery to Spain, with a 56% share of total imports. Moreover, imitation jewellery imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Portugal (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.2% per year) and Portugal (+15.4% per year).

In value terms, China ($X) constituted the largest supplier of imitation jewellery to Spain, comprising 48% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by France, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-8.1% per year) and France (+2.8% per year).

Import Prices by Country

The average imitation jewellery import price stood at $X per ton in 2021, jumping by 42% against the previous year. In general, the import price recorded a strong increase. The growth pace was the most rapid in 2018 an increase of 49%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Belgium ($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 (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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