Ireland: Imitation Jewellery Market 2022

Imitation Jewellery Market Size in Ireland

In 2020, the Irish imitation jewellery market decreased by -X% to $X, falling for the fifth year in a row after two years of growth. Overall, consumption recorded a abrupt downturn. The growth pace was the most rapid in 2011 when the market value increased by X% y-o-y. Imitation jewellery consumption peaked at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Imitation Jewellery Production in Ireland

In value terms, imitation jewellery production fell to $X in 2020 estimated in export prices. Overall, production faced a abrupt curtailment. The most prominent rate of growth was recorded in 2009 when the production volume decreased by -X% against the previous year. Imitation jewellery production peaked at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

Imitation Jewellery Exports

Exports from Ireland

In 2020, the amount of imitation jewellery exported from Ireland contracted remarkably to X tons, which is down by -X% compared with the previous year. Overall, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, imitation jewellery exports reduced markedly to $X in 2020. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2019 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at $X in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

Exports by Country

The UK (X tons) was the main destination for imitation jewellery exports from Ireland, with a X% share of total exports. Moreover, imitation jewellery exports to the UK exceeded the volume sent to the second major destination, the United States (X tons), fivefold. France (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to the UK stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-X% per year) and France (-X% per year).

In value terms, the UK ($X) remains the key foreign market for imitation jewellery exports from Ireland, comprising X% of total exports. The second position in the ranking was occupied by the United States ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2007 to 2020, the average annual growth rate of value to the UK totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-X% per year) and Australia (+X% per year).

Export Prices by Country

In 2020, the average imitation jewellery export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price posted buoyant growth. The growth pace was the most rapid in 2019 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the peak figure in 2020 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was the UK ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced more modest paces of growth.

Imitation Jewellery Imports

Imports into Ireland

Imitation jewellery imports into Ireland declined markedly to X tons in 2020, falling by -X% compared with the year before. Overall, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. from 2015 to 2020, the growth imports failed to regain the momentum.

In value terms, imitation jewellery imports fell to $X in 2020. In general, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2020, imports remained at a lower figure.

Imports by Country

China (X tons), the UK (X tons) and France (X tons) were the main suppliers of imitation jewellery imports to Ireland, with a combined X% share of total imports. Portugal, Germany, Thailand, the Netherlands, India, Austria, Italy and Spain lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in Portugal (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest imitation jewellery suppliers to Ireland were the UK ($X), China ($X) and Italy ($X), with a combined X% share of total imports. These countries were followed by Germany, France, Thailand, the Netherlands, Austria, India, Spain and Portugal, which together accounted for a further X terms of the main suppliers, Portugal (+X% per year) saw the highest growth rate of 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 average imitation jewellery import price stood at $X per ton in 2020, increasing by X% against the previous year. Overall, import price indicated a noticeable expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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