Asia-Pacific: Imitation Jewellery Market 2022

Imitation Jewellery Market Size in Asia-Pacific

The Asia-Pacific imitation jewellery market declined remarkably to $X in 2020, dropping by -X% against the previous year. Overall, consumption showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. from 2014 to 2020, the growth of the market failed to regain the momentum.

Imitation Jewellery Production in Asia-Pacific

In value terms, imitation jewellery production reached $X in 2020 estimated in export prices. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. from 2014 to 2020, production growth remained at a lower figure.

Production By Country in Asia-Pacific

China (X tons) remains the largest imitation jewellery producing country in Asia-Pacific, accounting for X% of total volume. Moreover, imitation jewellery production in China exceeded the figures recorded by the second-largest producer, India (X tons), fivefold. The third position in this ranking was occupied by Indonesia (X tons), with a X% share.

In China, imitation jewellery production remained relatively stable over the period from 2007-2020. In the other countries, the average annual rates were as follows: India (-X% per year) and Indonesia (+X% per year).

Imitation Jewellery Exports

Exports in Asia-Pacific

In 2020, exports of imitation jewellery in Asia-Pacific skyrocketed to X tons, picking up by X% compared with 2019 figures. Total exports indicated a temperate expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2016 indices. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, imitation jewellery exports shrank sharply to $X in 2020. Over the period under review, exports continue to indicate a noticeable descent. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2014; however, from 2015 to 2020, exports remained at a lower figure.

Exports by Country

China dominates imitation jewellery exports structure, finishing at X tons, which was approx. X% of total exports in 2020. It was distantly followed by Hong Kong SAR (X tons), mixing up a X% share of total exports. India (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the imitation jewellery exports, with a CAGR of +X% from 2007 to 2020. India (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of India (-X p.p.) and Hong Kong SAR (-X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest imitation jewellery supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value in China totaled -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (-X% per year) and India (-X% per year).

Export Prices by Country

In 2020, the imitation jewellery export price in Asia-Pacific amounted to $X per ton, declining by -X% against the previous year. In general, the export price saw a abrupt curtailment. The pace of growth was the most pronounced in 2014 an increase of X% year-to-year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced mixed trends in the export price figures.

Imitation Jewellery Imports

Imports in Asia-Pacific

In 2020, purchases abroad of imitation jewellery decreased by -X% to X tons, falling for the second year in a row after three years of growth. In general, imports, however, saw a moderate expansion. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. As a result, imports attained the peak of X tons. from 2019 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, imitation jewellery imports fell remarkably to $X in 2020. Total imports indicated measured growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. The level of import peaked at $X in 2019, and then shrank rapidly in the following year.

Imports by Country

Pakistan prevails in imitation jewellery imports structure, amounting to X tons, which was near X% of total imports in 2020. Japan (X tons) occupied a X% share (based on tons) of total imports, which put it in second place, followed by Hong Kong SAR (X%), Singapore (X%) and Thailand (X%). Malaysia (X tons), Indonesia (X tons), India (X tons), South Korea (X tons), Australia (X tons), Vietnam (X tons) and Bangladesh (X tons) held a relatively small share of total imports.

Pakistan was also the fastest-growing in terms of the imitation jewellery imports, with a CAGR of +X% from 2007 to 2020. At the same time, Vietnam (+X%), Malaysia (+X%), India (+X%), Singapore (+X%), Thailand (+X%), Japan (+X%) and Bangladesh (+X%) displayed positive paces of growth. Indonesia experienced a relatively flat trend pattern. By contrast, Australia (-X%), South Korea (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Pakistan, Singapore, Malaysia, India, Thailand and Vietnam increased by +X%, +X%, +X%, +X%, +X% and +X% percentage points, while Australia (-X p.p.), South Korea (-X p.p.) and Hong Kong SAR (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest imitation jewellery importing markets in Asia-Pacific were Japan ($X), Hong Kong SAR ($X) and Singapore ($X), with a combined X% share of total imports. South Korea, Australia, Thailand, Malaysia, Indonesia, India, Bangladesh, Vietnam and Pakistan lagged somewhat behind, together comprising a further X saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The imitation jewellery import price in Asia-Pacific stood at $X per ton in 2020, shrinking by -X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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