Asia-Pacific: Imitation Jewellery Market 2024

Imitation Jewellery Market Size in Asia-Pacific

The Asia-Pacific imitation jewellery market reduced remarkably to $X in 2021, waning by -40.7% against the previous year. Overall, consumption saw a deep contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Imitation Jewellery Production in Asia-Pacific

In value terms, imitation jewellery production declined to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 1.9% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Imitation Jewellery Exports

Exports in Asia-Pacific

In 2021, exports of imitation jewelry in Asia-Pacific soared to X tons, picking up by 34% against the year before. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -19.5% against 2014 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 52% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, imitation jewellery exports skyrocketed to $X in 2021. Total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, recording X tons, which was approx. 88% of total exports in 2021. It was distantly followed by Hong Kong SAR (X tons), achieving a 6.6% 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 jewelry exports, with a CAGR of +12.1% from 2012 to 2021. Hong Kong SAR (-6.9%) and India (-16.9%) illustrated a downward trend over the same period. China (+38 p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR and India saw its share reduced by -13.4% and -19.5% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest imitation jewellery supplier in Asia-Pacific, comprising 67% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 17% share of total exports.

In China, imitation jewellery exports increased at an average annual rate of +17.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (-4.9% per year) and India (-7.9% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, jumping by 19% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably 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 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+10.8%), while the other leaders experienced more modest paces of growth.

Imitation Jewellery Imports

Imports in Asia-Pacific

In 2021, the amount of imitation jewelry imported in Asia-Pacific soared to X tons, jumping by 20% compared with the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 21%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, imitation jewellery imports surged to $X in 2021. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons), distantly followed by Hong Kong SAR (X tons), Malaysia (X tons), Thailand (X tons), Singapore (X tons), Indonesia (X tons), Taiwan (Chinese) (X tons) and Bangladesh (X tons) represented the main importers of imitation jewelry, together committing 78% of total imports. South Korea (X tons), Japan (X tons), Vietnam (X tons), Australia (X tons) and the Philippines (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +23.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Japan ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2021, with a combined 48% share of total imports. Singapore, Taiwan (Chinese), Australia, Thailand, Bangladesh, India, Vietnam, Malaysia, Indonesia and the Philippines lagged somewhat behind, together comprising a further 34%.

Bangladesh, with a CAGR of +25.8%, 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 import price in Asia-Pacific stood at $X per ton in 2021, increasing by 4.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2015 when the import price increased by 14%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+18.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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