Central Asia: Imitation Jewellery Market 2024

Imitation Jewellery Market Size in Central Asia

In 2021, the Central Asian imitation jewellery market decreased by -5.4% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption posted a strong increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Imitation Jewellery Production in Central Asia

In value terms, imitation jewellery production reduced sharply to $X in 2021 estimated in export price. Over the period under review, production, however, saw a significant increase. The pace of growth was the most pronounced in 2020 when the production volume increased by 7,315%. As a result, production attained the peak level of $X, and then fell dramatically in the following year.

Imitation Jewellery Exports

Exports in Central Asia

In 2021, imitation jewellery exports in Central Asia contracted sharply to X tons, which is down by -54.5% against the year before. In general, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2018 when exports increased by 1,043%. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, imitation jewellery exports amounted to $X in 2021. Overall, exports showed a deep downturn. The pace of growth was the most pronounced in 2018 when exports increased by 649% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Kazakhstan represented the major exporting country with an export of around X tons, which accounted for 60% of total exports. It was distantly followed by Kyrgyzstan (X tons), constituting a 36% share of total exports. Tajikistan (X kg) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kyrgyzstan (with a CAGR of +5.2%), while the other leaders experienced a decline in the exports figures.

In value terms, Kazakhstan ($X) remains the largest imitation jewellery supplier in Central Asia, comprising 74% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan totaled -16.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Kyrgyzstan (-7.4% per year) and Tajikistan (-35.3% per year).

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, rising by 125% against the previous year. In general, the export price, however, showed a deep contraction. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Tajikistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tajikistan (-1.1%), while the other leaders experienced a decline in the export price figures.

Imitation Jewellery Imports

Imports in Central Asia

Imitation jewellery imports soared to X tons in 2021, jumping by 415% against the previous year. In general, imports showed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imitation jewellery imports soared to $X in 2021. Over the period under review, imports enjoyed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Kazakhstan (X tons) was the major importer of imitation jewelry, mixing up 78% of total imports. Kyrgyzstan (X tons) ranks second in terms of the total imports with a 13% share, followed by Uzbekistan (4.9%). Tajikistan (X tons) held a relatively small share of total imports.

Kazakhstan was also the fastest-growing in terms of the imitation jewelry imports, with a CAGR of +30.1% from 2012 to 2021. At the same time, Tajikistan (+17.8%) and Uzbekistan (+15.2%) displayed positive paces of growth. By contrast, Kyrgyzstan (-3.3%) illustrated a downward trend over the same period. Kazakhstan (+50 p.p.) and Uzbekistan (+4.9 p.p.) significantly strengthened its position in terms of the total imports, while Kyrgyzstan saw its share reduced by -53.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported imitation jewelry in Central Asia, comprising 88% of total imports. The second position in the ranking was held by Kyrgyzstan ($X), with a 4.2% share of total imports. It was followed by Uzbekistan, with a 2.2% share.

In Kazakhstan, imitation jewellery imports expanded at an average annual rate of +10.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kyrgyzstan (-4.2% per year) and Uzbekistan (+15.9% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, falling by -32.4% against the previous year. Over the period under review, the import price continues to indicate a abrupt slump. The growth pace was the most rapid in 2020 when the import price increased by 94% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform