U.S.: Imitation Jewellery Market 2023

Imitation Jewellery Market Size in the U.S.

The U.S. imitation jewellery market fell slightly to $X in 2021, which is down by -2.1% against the previous year. In general, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +21.1% against 2016 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then contracted modestly in the following year.

Imitation Jewellery Production in the U.S.

In value terms, imitation jewellery production contracted to $X in 2021. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 12%. As a result, production attained the peak level of $X, and then declined in the following year.

Imitation Jewellery Exports

Exports from the U.S.

In 2021, the amount of imitation jewelry exported from the United States soared to X tons, with an increase of 27% on the year before. In general, exports showed a significant expansion. The growth pace was the most rapid in 2019 with an increase of 7,454% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, imitation jewellery exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a deep contraction. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Papua New Guinea (X tons) was the main destination for imitation jewellery exports from the United States, accounting for a 71% share of total exports. Moreover, imitation jewellery exports to Papua New Guinea exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X kg), ninefold. Curacao (X kg) ranked third in terms of total exports with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Papua New Guinea totaled +488.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (-70.8% per year) and Curacao (+96.3% per year).

In value terms, Papua New Guinea ($X) emerged as the key foreign market for imitation jewellery exports from the United States, comprising 0.1% of total exports. The second position in the ranking was taken by Curacao ($X), with less than 0.1% share of total exports. It was followed by Saint Maarten (Dutch part), with less than 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Papua New Guinea amounted to +30.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Curacao (-6.8% per year) and Saint Maarten (Dutch part) (-26.8% per year).

Export Prices by Country

The average imitation jewellery export price stood at $X per kg in 2021, shrinking by -5% against the previous year. Over the period under review, the export price continues to indicate a significant decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 527% against the previous year. Over the period under review, the average export prices hit record highs at $X per kg in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Curacao ($X per kg), while the average price for exports to Papua New Guinea ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+82.6%), while the prices for the other major destinations experienced a decline.

Imitation Jewellery Imports

Imports into the U.S.

In 2021, approx. X tons of imitation jewelry were imported into the United States; with an increase of 85% compared with the year before. Over the period under review, imports continue to indicate a notable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imitation jewellery imports soared to $X in 2021. In general, imports, however, recorded a drastic downturn. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of imitation jewellery to the United States, accounting for a 86% share of total imports. It was followed by Vietnam (X tons), with a 2.3% share of total imports. India (X tons) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+17.9% per year) and India (-1.2% per year).

In value terms, China ($X) constituted the largest supplier of imitation jewellery to the United States, comprising 66% of total imports. The second position in the ranking was taken by Italy ($X), with a 6.5% share of total imports. It was followed by Thailand, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.1% per year) and Thailand (-12.3% per year).

Import Prices by Country

The average imitation jewellery import price stood at $X per ton in 2021, waning by -29.1% against the previous year. Over the period under review, the import price faced a deep setback. The pace of growth appeared the most rapid in 2014 an increase of 11%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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