Latin America and the Caribbean: Imitation Jewellery Market 2022

Imitation Jewellery Market Size in Latin America and the Caribbean

In 2020, the Latin American imitation jewellery market decreased by -X% to $X, falling for the third year in a row after two years of growth. Overall, consumption continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2013 when the market value increased by X% y-o-y. The level of consumption peaked at $X in 2010; however, from 2011 to 2020, consumption remained at a lower figure.

Imitation Jewellery Production in Latin America and the Caribbean

In value terms, imitation jewellery production soared to $X in 2020 estimated in export prices. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, production attained the maximum level at $X in 2008; however, from 2009 to 2020, production stood at a somewhat lower figure.

Production By Country in Latin America and the Caribbean

Mexico (X tons) remains the largest imitation jewellery producing country in Latin America and the Caribbean, accounting for X% of total volume. Moreover, imitation jewellery production in Mexico exceeded the figures recorded by the second-largest producer, Colombia (X tons), fourfold. The third position in this ranking was occupied by Panama (X tons), with a X% share.

In Mexico, imitation jewellery production increased at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Colombia (-X% per year) and Panama (+X% per year).

Imitation Jewellery Exports

Exports in Latin America and the Caribbean

Imitation jewellery exports shrank to X tons in 2020, falling by -X% on the year before. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure at X tons in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

In value terms, imitation jewellery exports dropped to $X in 2020. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. The level of export peaked at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

In 2020, Panama (X tons) and Mexico (X tons) represented the key exporters of imitation jewellery in Latin America and the Caribbean, together creating X% of total exports. It was distantly followed by Peru (X tons), Colombia (X tons), Guatemala (X tons), El Salvador (X tons) and Brazil (X tons), together constituting a X% share of total exports.

From 2007 to 2020, the biggest increases were in El Salvador, while shipments for the other leaders experienced more modest paces of growth.

In value terms, El Salvador ($X), Mexico ($X) and Colombia ($X) were the countries with the highest levels of exports in 2020, with a combined X% share of total exports.

Among the main exporting countries, El Salvador 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

In 2020, the imitation jewellery export price in Latin America and the Caribbean amounted to $X per ton, increasing by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the export price increased by X% y-o-y. The level of export peaked at $X per ton in 2010; however, from 2011 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was El Salvador ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by El Salvador, while the other leaders experienced more modest paces of growth.

Imitation Jewellery Imports

Imports in Latin America and the Caribbean

In 2020, approx. X tons of imitation jewellery were imported in Latin America and the Caribbean; declining by -X% against the previous year's figure. Overall, imports continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. from 2011 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, imitation jewellery imports fell remarkably to $X in 2020. In general, imports showed a noticeable reduction. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. The level of import peaked at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

Brazil (X tons) and Mexico (X tons) represented the major importers of imitation jewellery in 2020, resulting at approx. X% and X% of total imports, respectively. Colombia (X tons) held an X% share (based on tons) of total imports, which put it in second place, followed by Guatemala (X%), Peru (X%), Argentina (X%) and El Salvador (X%). The following importers - Chile (X tons), Ecuador (X tons), Costa Rica (X tons), Honduras (X tons) and Panama (X tons) - together made up X% of total imports.

From 2007 to 2020, the biggest increases were in Honduras, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported imitation jewellery in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by Chile ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Mexico totaled -X%. The remaining importing countries recorded the following average annual rates of imports growth: Chile (+X% per year) and Brazil (-X% per year).

Import Prices by Country

The imitation jewellery import price in Latin America and the Caribbean stood at $X per ton in 2020, flattening at the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2011 an increase of X% year-to-year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2020, import prices failed to regain the momentum.

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

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

Source: IndexBox Platform

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