Report Update Nov 1, 2024

Cuba - Imitation Jewelry - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Imitation Jewellery Market 2024

Imitation Jewellery Market Size in Cuba

In 2021, the Cuban imitation jewellery market increased by 199% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, faced a deep downturn. Imitation jewellery consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Imitation Jewellery Exports

Exports from Cuba

In 2021, after three years of decline, there was significant growth in overseas shipments of imitation jewelry, when their volume increased by 133% to X kg. Over the period under review, exports, however, recorded a precipitous curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 632% against the previous year. As a result, the exports reached the peak of X kg. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, imitation jewellery exports surged to $X in 2021. In general, exports, however, showed a dramatic decline. The pace of growth was the most pronounced in 2017 when exports increased by 367%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Panama (X kg), France (X kg) and Mexico (X kg) were the main destinations of imitation jewellery exports from Cuba, with a combined 86% share of total exports. These countries were followed by Belgium and Costa Rica, which together accounted for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Costa Rica (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, Panama ($X) remains the key foreign market for imitation jewellery exports from Cuba, comprising 91% of total exports. The second position in the ranking was held by France ($X), with a 2.8% share of total exports. It was followed by Belgium, with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Panama stood at -12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-35.9% per year) and Belgium (-37.7% per year).

Export Prices by Country

The average imitation jewellery export price stood at $X per ton in 2021, rising by 61% against the previous year. Over the period under review, the export price recorded a noticeable expansion. The growth pace was the most rapid in 2018 an increase of 66%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Panama ($X per ton), while the average price for exports to Costa Rica ($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 Panama (+16.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imitation Jewellery Imports

Imports into Cuba

In 2021, supplies from abroad of imitation jewelry increased by 188% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, saw a drastic downturn. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, imitation jewellery imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt contraction. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Mexico (X tons) and Spain (X tons) were the main suppliers of imitation jewellery imports to Cuba, together comprising 80% of total imports. Peru, the Dominican Republic, Canada, Italy and Panama lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the biggest increases were in the Dominican Republic (with a CAGR of +105.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Spain ($X) and Panama ($X) were the largest imitation jewellery suppliers to Cuba, together accounting for 54% of total imports. These countries were followed by Mexico, Canada, the Dominican Republic, Peru and Italy, which together accounted for a further 35%.

Among the main suppliers, the Dominican Republic, with a CAGR of +127.8%, recorded 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

In 2021, the average imitation jewellery import price amounted to $X per ton, picking up by 7.3% against the previous year. Over the period under review, the import price, however, recorded a pronounced downturn. The growth pace was the most rapid in 2018 an increase of 100% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+31.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for imitation jewelry in the world?

The country with the largest volume of imitation jewellery consumption was the United States, comprising approx. 57% of total volume. Moreover, imitation jewellery consumption in the United States exceeded the figures recorded by the second-largest consumer, China, threefold.

What are the largest producers of imitation jewelry in the world?

The countries with the highest volumes of in 2021 were the United States, China and Italy, with a combined 98% share of global production.

What are the leading suppliers of imitation jewelry to Cuba?

In value terms, Spain, Mexico and Ecuador were the largest imitation jewellery suppliers to Cuba.

What are the leading importers of imitation jewelry from Cuba?

In value terms, Georgia $366), Luxembourg $315) and Switzerland $41) constituted the largest markets for imitation jewellery exported from Cuba worldwide.

What is the average export price for imitation jewelry in Cuba?

The average imitation jewellery export price stood at $11,108 per ton in 2021, shrinking by -22.3% against the previous year.

What is the average import price for imitation jewelry in Cuba?

The average imitation jewellery import price stood at $16,430 per ton in 2021, shrinking by -23.1% against the previous year.

This report provides an in-depth analysis of the imitation jewellery market in Cuba. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32131000 - Imitation jewellery and related articles

Country coverage:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023