Report Update Nov 1, 2024

Dominican Republic - Imitation Jewelry - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Imitation Jewellery Market 2024

Imitation Jewellery Market Size in the Dominican Republic

The Dominican imitation jewellery market skyrocketed to $X in 2021, growing by 39% against the previous year. In general, consumption posted a strong expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Imitation Jewellery Production in the Dominican Republic

In value terms, imitation jewellery production expanded slightly to $X in 2021 estimated in export price. Overall, production, however, recorded a notable expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by 39%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Imitation Jewellery Exports

Exports from the Dominican Republic

In 2021, approx. X tons of imitation jewelry were exported from the Dominican Republic; picking up by 34% on 2020. Overall, exports, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2014 with an increase of 1,107% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, imitation jewellery exports skyrocketed to $X in 2021. Over the period under review, exports posted a measured increase. The pace of growth was the most pronounced in 2014 with an increase of 904% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for imitation jewellery exports from the Dominican Republic, accounting for a approx. 94% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -1.9%.

In value terms, the United States ($X) also remains the key foreign market for imitation jewellery exports from the Dominican Republic.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +3.7%.

Export Prices by Country

The average imitation jewellery export price stood at $X per ton in 2021, shrinking by -2.9% against the previous year. Over the period under review, the export price, however, showed a resilient increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 73%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then declined slightly in the following year.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +5.7% per year.

Imitation Jewellery Imports

Imports into the Dominican Republic

Imitation jewellery imports into the Dominican Republic soared to X tons in 2021, picking up by 48% against the year before. Over the period under review, imports saw a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 653%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, imitation jewellery imports soared to $X in 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 420% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest imitation jewellery supplier to the Dominican Republic, accounting for a 87% share of total imports. Moreover, imitation jewellery imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +19.7%.

In value terms, China ($X) constituted the largest supplier of imitation jewellery to the Dominican Republic, comprising 50% of total imports. The second position in the ranking was taken by the United States ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest.

Import Prices by Country

In 2021, the average imitation jewellery import price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the import price recorded a drastic downturn. The growth pace was the most rapid in 2018 an increase of 44%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-8.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The United States constituted the country with the largest volume of imitation jewellery consumption, accounting for 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 the Dominican Republic?

In value terms, the largest imitation jewellery suppliers to the Dominican Republic were the United States and China.

What are the leading importers of imitation jewelry from the Dominican Republic?

In value terms, the United States remains the key foreign market for imitation jewellery exports from the Dominican Republic, comprising 61% of total exports. The second position in the ranking was occupied by Canada, with a 7.5% share of total exports. It was followed by Haiti, with a 4% share.

What is the average export price for imitation jewelry in the Dominican Republic?

The average imitation jewellery export price stood at $79,735 per ton in 2021, which is down by -47% against the previous year.

What is the average import price for imitation jewelry in the Dominican Republic?

The average imitation jewellery import price stood at $21,948 per ton in 2021, with an increase of 20% against the previous year.

This report provides an in-depth analysis of the imitation jewellery market in the Dominican Republic. 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:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
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