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

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

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Venezuela: Imitation Jewellery Market 2023

Imitation Jewellery Market Size in Venezuela

The Venezuelan imitation jewellery market surged to $X in 2021, growing by 30% 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, recorded a precipitous decrease. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Imitation Jewellery Exports

Exports from Venezuela

After two years of decline, shipments abroad of imitation jewelry increased by 75% to X tons in 2021. In general, exports saw a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 97%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, imitation jewellery exports soared to $X in 2021. Over the period under review, exports, however, recorded a abrupt slump. 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

The United States (X tons) was the main destination for imitation jewellery exports from Venezuela, accounting for a 75% share of total exports. Moreover, imitation jewellery exports to the United States exceeded the volume sent to the second major destination, Trinidad and Tobago (X kg), sixfold. The third position in this ranking was taken by Chile (X kg), with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +22.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Trinidad and Tobago (0.0% per year) and Chile (+24.4% per year).

In value terms, the United States ($X), Chile ($X) and Spain ($X) constituted the largest markets for imitation jewellery exported from Venezuela worldwide, with a combined 65% share of total exports.

In terms of the main countries of destination, Chile, with a CAGR of +25.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average imitation jewellery export price stood at $X per ton in 2021, approximately mirroring the previous year. Overall, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 an increase of 12% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to Trinidad and Tobago ($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 Costa Rica (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imitation Jewellery Imports

Imports into Venezuela

In 2021, imports of imitation jewelry into Venezuela skyrocketed to X tons, jumping by 39% on 2020 figures. In general, imports, however, showed a precipitous descent. The pace of growth was the most pronounced in 2019 when imports increased by 404% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imitation jewellery imports surged to $X in 2021. Overall, imports, however, showed a sharp slump. The pace of growth appeared the most rapid in 2019 with an increase of 145%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest imitation jewellery supplier to Venezuela, with a 85% share of total imports. Moreover, imitation jewellery imports from China exceeded the figures recorded by the second-largest supplier, Peru (X tons), eightfold. Panama (X tons) ranked third in terms of total imports with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-23.6% per year) and Panama (-47.9% per year).

In value terms, China ($X), Peru ($X) and Panama ($X) were the largest imitation jewellery suppliers to Venezuela, with a combined 88% share of total imports.

Among the main suppliers, China, with a CAGR of -11.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average imitation jewellery import price stood at $X per ton in 2021, with a decrease of -16.7% against the previous year. Over the period under review, the import price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2015 an increase of 53%. The import price peaked at $X per ton in 2016; however, from 2017 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 Panama ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+35.9%), 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 United States remains the largest imitation jewellery consuming country worldwide, 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 United States constituted the country with the largest volume of imitation jewellery production, 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 Venezuela?
+
In value terms, the largest imitation jewellery suppliers to Venezuela were China, Peru and Panama, with a combined 88% share of total imports.
What are the leading importers of imitation jewelry from Venezuela?
+
In value terms, the largest markets for imitation jewellery exported from Venezuela were the United States, Chile and Spain, together accounting for 65% of total exports.
What is the average export price for imitation jewelry in Venezuela?
+
In 2021, the average imitation jewellery export price amounted to $41,932 per ton, remaining stable against the previous year.
What is the average import price for imitation jewelry in Venezuela?
+
The average imitation jewellery import price stood at $8,886 per ton in 2021, which is down by -16.7% against the previous year.

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

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