Angola: Imitation Jewellery Market 2024

Imitation Jewellery Market Size in Angola

The Angolan imitation jewellery market skyrocketed to $X in 2021, picking up by 64% 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 showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Imitation Jewellery Exports

Exports from Angola

In 2021, shipments abroad of imitation jewelry increased by 5.6% to X kg, rising for the fifth year in a row after two years of decline. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 1,086%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, imitation jewellery exports declined markedly to $X in 2021. Over the period under review, exports recorded a noticeable expansion. The pace of growth appeared the most rapid in 2014 with an increase of 1,044%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

South Africa (X kg) was the main destination for imitation jewellery exports from Angola, with a 78% share of total exports. Moreover, imitation jewellery exports to South Africa exceeded the volume sent to the second major destination, Canada (X kg), tenfold. The third position in this ranking was taken by Sao Tome and Principe (X kg), with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume to South Africa amounted to +97.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+25.1% per year) and Sao Tome and Principe (+23.3% per year).

In value terms, South Africa ($X) remains the key foreign market for imitation jewellery exports from Angola, comprising 85% of total exports. The second position in the ranking was held by Canada ($X), with a 3.6% share of total exports. It was followed by Portugal, with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value to South Africa stood at +58.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+23.0% per year) and Portugal (+18.7% per year).

Export Prices by Country

The average imitation jewellery export price stood at $X per ton in 2021, declining by -34% against the previous year. Over the period under review, the export price faced a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of 108% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was South Africa ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Namibia (+5.9%), while the prices for the other major destinations experienced a decline.

Imitation Jewellery Imports

Imports into Angola

In 2021, the amount of imitation jewelry imported into Angola surged to X tons, growing by 56% compared with 2020 figures. Over the period under review, imports showed a modest increase. The most prominent rate of growth was recorded in 2017 with an increase of 191% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, imitation jewellery imports skyrocketed to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 221% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of imitation jewellery to Angola, with a 76% share of total imports. Moreover, imitation jewellery imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), sixfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+2.0% per year) and the United Arab Emirates (+15.7% per year).

In value terms, Portugal ($X) constituted the largest supplier of imitation jewellery to Angola, comprising 56% of total imports. The second position in the ranking was held by China ($X), with a 21% share of total imports. It was followed by the United Arab Emirates, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value from Portugal totaled +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.3% per year) and the United Arab Emirates (+23.1% per year).

Import Prices by Country

The average imitation jewellery import price stood at $X per ton in 2021, surging by 9.3% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 33% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained 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 Portugal ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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