Chile: Imitation Jewellery Market 2024

Imitation Jewellery Market Size in Chile

In 2021, the Chilean imitation jewellery market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption enjoyed a temperate increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Imitation Jewellery Production in Chile

In value terms, imitation jewellery production contracted slightly to $X in 2021 estimated in export price. In general, production, however, showed a slight contraction. The pace of growth was the most pronounced in 2016 with an increase of 54% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Imitation Jewellery Exports

Exports from Chile

In 2021, shipments abroad of imitation jewelry was finally on the rise to reach X tons after three years of decline. In general, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 158%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, imitation jewellery exports soared to $X in 2021. Overall, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2015 when exports increased by 151% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bolivia (X tons), Paraguay (X tons) and Spain (X kg) were the main destinations of imitation jewellery exports from Chile, together accounting for 90% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +36.4%), while the other leaders experienced more modest paces of growth.

In value terms, Bolivia ($X), Paraguay ($X) and Hong Kong SAR ($X) appeared to be the largest markets for imitation jewellery exported from Chile worldwide, together accounting for 82% of total exports.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of +48.9%, 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 mixed trend patterns.

Export Prices by Country

In 2021, the average imitation jewellery export price amounted to $X per ton, reducing by -16.1% against the previous year. In general, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imitation jewellery export price increased by +64.5% against 2018 indices. The pace of growth appeared the most rapid in 2020 an increase of 67% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Peru ($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 (+43.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imitation Jewellery Imports

Imports into Chile

Imitation jewellery imports into Chile skyrocketed to X tons in 2021, rising by 253% compared with 2020. Over the period under review, imports enjoyed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imitation jewellery imports skyrocketed to $X in 2021. Overall, imports, however, recorded a perceptible curtailment. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest imitation jewellery supplier to Chile, accounting for a 81% share of total imports. Moreover, imitation jewellery imports from China exceeded the figures recorded by the second-largest supplier, Peru (X tons), eightfold. Brazil (X tons) ranked third in terms of total imports with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+19.7% per year) and Brazil (+7.7% per year).

In value terms, China ($X) constituted the largest supplier of imitation jewellery to Chile, comprising 46% of total imports. The second position in the ranking was held by the United States ($X), with an 11% share of total imports. It was followed by Brazil, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+9.9% per year) and Brazil (+9.8% per year).

Import Prices by Country

In 2021, the average imitation jewellery import price amounted to $X per ton, dropping by -51.3% against the previous year. In general, the import price saw a abrupt contraction. The pace of growth was the most pronounced in 2017 an increase of 23% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform