Eastern Asia: Imitation Jewellery Market 2024

Imitation Jewellery Market Size in Eastern Asia

The East Asian imitation jewellery market fell rapidly to $X in 2021, which is down by -41.2% against the previous year. In general, consumption recorded a abrupt setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Imitation Jewellery Production in Eastern Asia

In value terms, imitation jewellery production reduced slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 1.9% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Imitation Jewellery Exports

Exports in Eastern Asia

Imitation jewellery exports skyrocketed to X tons in 2021, picking up by 35% against the previous year. Total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -15.1% against 2014 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 68% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, imitation jewellery exports surged to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, resulting at X tons, which was approx. 92% of total exports in 2021. It was distantly followed by Hong Kong SAR (X tons), generating a 6.9% share of total exports.

China was also the fastest-growing in terms of the imitation jewelry exports, with a CAGR of +12.1% from 2012 to 2021. Hong Kong SAR (-6.9%) illustrated a downward trend over the same period. China (+24 p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR saw its share reduced by -20.2% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest imitation jewellery supplier in Eastern Asia, comprising 77% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 19% share of total exports.

In China, imitation jewellery exports expanded at an average annual rate of +17.3% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, increasing by 34% against the previous year. Over the period under review, the export price, however, saw a mild decrease. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.7%).

Imitation Jewellery Imports

Imports in Eastern Asia

In 2021, imports of imitation jewelry in Eastern Asia skyrocketed to X tons, increasing by 19% against the previous year's figure. Over the period under review, imports, however, showed a deep setback. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imitation jewellery imports soared to $X in 2021. The total import value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Hong Kong SAR was the key importer of imitation jewelry in Eastern Asia, with the volume of imports amounting to X tons, which was approx. 45% of total imports in 2021. Taiwan (Chinese) (X tons) ranks second in terms of the total imports with a 21% share, followed by South Korea (15%) and Japan (14%). The following importers - China (X tons) and Macao SAR (X tons) - together made up 5.3% of total imports.

Imports into Hong Kong SAR decreased at an average annual rate of -11.3% from 2012 to 2021. At the same time, Macao SAR (+20.2%) and Taiwan (Chinese) (+14.5%) displayed positive paces of growth. Moreover, Macao SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +20.2% from 2012-2021. By contrast, South Korea (-1.5%), Japan (-2.0%) and China (-7.1%) illustrated a downward trend over the same period. Taiwan (Chinese) (+17 p.p.), South Korea (+5.2 p.p.), Japan (+4.7 p.p.) and Macao SAR (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR saw its share reduced by -28.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest imitation jewellery importing markets in Eastern Asia were Hong Kong SAR ($X), Japan ($X) and China ($X), with a combined 75% share of total imports. These countries were followed by South Korea, Taiwan (Chinese) and Macao SAR, which together accounted for a further 25%.

Among the main importing countries, Macao SAR, with a CAGR of +15.4%, 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

The import price in Eastern Asia stood at $X per ton in 2021, growing by 9.5% against the previous year. Import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imitation jewellery import price increased by +61.2% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 39% against the previous year. Over the period under review, import prices reached the maximum in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+20.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform