United Arab Emirates: Imitation Jewellery Market 2023

Imitation Jewellery Market Size in the United Arab Emirates

The imitation jewellery market in the United Arab Emirates soared to $X in 2021, jumping by 129% 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). Over the period under review, consumption, however, saw a mild setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Imitation Jewellery Exports

Exports from the United Arab Emirates

In 2021, overseas shipments of imitation jewelry decreased by -9.7% to X tons, falling for the third consecutive year after two years of growth. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 55% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, imitation jewellery exports contracted dramatically to $X in 2021. Over the period under review, exports, however, showed a noticeable increase. The pace of growth was the most pronounced in 2013 when exports increased by 71% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Oman (X tons) was the main destination for imitation jewellery exports from the United Arab Emirates, with a 69% share of total exports. Moreover, imitation jewellery exports to Oman exceeded the volume sent to the second major destination, Uganda (X tons), more than tenfold. The third position in this ranking was held by Malaysia (X tons), with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume to Oman stood at +9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (-2.9% per year) and Malaysia (+31.2% per year).

In value terms, Oman ($X) remains the key foreign market for imitation jewellery exports from the United Arab Emirates, comprising 36% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 12% share of total exports. It was followed by Kuwait, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Oman totaled +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+29.1% per year) and Kuwait (-14.4% per year).

Export Prices by Country

In 2021, the average imitation jewellery export price amounted to $X per ton, waning by -16.3% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 an increase of 47% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then reduced remarkably 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 Kuwait ($X per ton), while the average price for exports to Uganda ($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 Mauritania (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imitation Jewellery Imports

Imports into the United Arab Emirates

In 2021, approx. X tons of imitation jewelry were imported into the United Arab Emirates; surging by 133% compared with 2020. Overall, imports, however, continue to indicate a mild reduction. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imitation jewellery imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of imitation jewellery to the United Arab Emirates, with a 69% share of total imports. Moreover, imitation jewellery imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-12.5% per year) and Hong Kong SAR (-17.8% per year).

In value terms, China ($X) constituted the largest supplier of imitation jewellery to the United Arab Emirates, comprising 59% of total imports. The second position in the ranking was taken by India ($X), with a 9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +28.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-14.1% per year) and Hong Kong SAR (-19.4% per year).

Import Prices by Country

The average imitation jewellery import price stood at $X per ton in 2021, shrinking by -26.2% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 27%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Hong Kong SAR ($X per ton), while the price for India ($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 (+8.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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