Austria: Imitation Jewellery Market 2024

Imitation Jewellery Market Size in Austria

The Austrian imitation jewellery market rose modestly to $X in 2021, with an increase of 3.7% against the previous year. Overall, consumption, however, saw a slight contraction. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Imitation Jewellery Production in Austria

In value terms, imitation jewellery production skyrocketed to $X in 2021 estimated in export price. In general, production, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Imitation Jewellery Exports

Exports from Austria

In 2021, shipments abroad of imitation jewelry decreased by -7.7% to X tons, falling for the third year in a row after three years of growth. Overall, exports saw a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of 13%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, imitation jewellery exports dropped significantly to $X in 2021. In general, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 11% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for imitation jewellery exports from Austria, accounting for a 28% share of total exports. Moreover, imitation jewellery exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), threefold. Turkey (X tons) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to -17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+4.1% per year) and Turkey (+31.1% per year).

In value terms, the largest markets for imitation jewellery exported from Austria were Germany ($X), France ($X) and Italy ($X), together accounting for 50% of total exports. These countries were followed by Spain, Poland, Turkey, the United States, the Czech Republic, Hong Kong SAR, Russia, Switzerland, China and Serbia, which together accounted for a further 29%.

Among the main countries of destination, Turkey, with a CAGR of +35.7%, 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, reducing by -23.6% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 an increase of 70% against the previous year. The export price peaked at $X per ton in 2020, and then dropped significantly in the following year.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Serbia ($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 Hong Kong SAR (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imitation Jewellery Imports

Imports into Austria

In 2021, the amount of imitation jewelry imported into Austria contracted modestly to X tons, dropping by -1.8% on 2020 figures. In general, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2019 with an increase of 21%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, imitation jewellery imports expanded slightly to $X in 2021. Over the period under review, imports showed a perceptible slump. The most prominent rate of growth was recorded in 2019 with an increase of 25% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Thailand (X tons), China (X tons) and Germany (X tons) were the main suppliers of imitation jewellery imports to Austria, together accounting for 78% of total imports. Vietnam, Hong Kong SAR, Poland and France lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +52.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest imitation jewellery suppliers to Austria were China ($X), Thailand ($X) and Germany ($X), together accounting for 71% of total imports. Hong Kong SAR, Vietnam, France and Poland lagged somewhat behind, together accounting for a further 20%.

Among the main suppliers, Poland, with a CAGR of +83.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average imitation jewellery import price stood at $X per ton in 2021, rising by 3.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2016 an increase of 22% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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