Finland: Imitation Jewellery Market 2024

Imitation Jewellery Market Size in Finland

In 2021, the Finnish imitation jewellery market decreased by -9.7% to $X, falling for the fourth year in a row after two years of growth. Overall, consumption recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the market value increased by 3.9% against the previous year. 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 Finland

In value terms, imitation jewellery production surged to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by 106% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Imitation Jewellery Exports

Exports from Finland

In 2021, imitation jewellery exports from Finland declined to X tons, falling by -12.6% compared with 2020 figures. Over the period under review, exports saw a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 31% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, imitation jewellery exports fell to $X in 2021. Overall, exports saw a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 26%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Sweden (X kg), Russia (X kg) and Estonia (X kg) were the main destinations of imitation jewellery exports from Finland, with a combined 43% share of total exports. These countries were followed by Norway, France, Latvia, the United States, Luxembourg, Japan, Germany, the UK and Kuwait, which together accounted for a further 43%.

From 2012 to 2021, the biggest increases were in Luxembourg (with a CAGR of +67.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for imitation jewellery exported from Finland were the United States ($X), Russia ($X) and Sweden ($X), with a combined 44% share of total exports. Norway, France, Estonia, Japan, the UK, Germany, Kuwait, Latvia and Luxembourg lagged somewhat behind, together comprising a further 35%.

Among the main countries of destination, France, with a CAGR of +43.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average imitation jewellery export price stood at $X per ton in 2021, growing by 5.7% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +3.9% 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 decreased by -30.5% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 26%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Luxembourg ($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 the United States (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imitation Jewellery Imports

Imports into Finland

In 2021, supplies from abroad of imitation jewelry decreased by -12% to X tons, falling for the third consecutive year after two years of growth. Overall, imports faced a deep downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 16%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imitation jewellery imports declined to $X in 2021. Over the period under review, imports continue to indicate a deep downturn. The smallest decline of -3.1% was in 2017. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Sweden (X tons) and Germany (X tons) were the main suppliers of imitation jewellery imports to Finland, with a combined 61% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +21.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), China ($X) and Germany ($X) constituted the largest imitation jewellery suppliers to Finland, together accounting for 57% of total imports. These countries were followed by Estonia, France, Denmark, Italy and Poland, which together accounted for a further 22%.

Poland, with a CAGR of +12.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, with an increase of 3% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +6.7% 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 import price increased by +100.3% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 44% against the previous year. The import price peaked in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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