Luxembourg: Imitation Jewellery Market 2024

Imitation Jewellery Market Size in Luxembourg

The Luxembourg imitation jewellery market declined remarkably to $X in 2021, which is down by -22.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a pronounced downturn. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Imitation Jewellery Exports

Exports from Luxembourg

In 2021, overseas shipments of imitation jewelry increased by 61% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, recorded a deep reduction. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, imitation jewellery exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt slump. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium (X tons), Germany (X tons) and France (X tons) were the main destinations of imitation jewellery exports from Luxembourg, together accounting for 75% of total exports. Afghanistan, Belarus, Hong Kong SAR, South Korea, Switzerland and the Philippines lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Afghanistan (with a CAGR of +157.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for imitation jewellery exports from Luxembourg, comprising 62% of total exports. The second position in the ranking was taken by Belgium ($X), with an 18% share of total exports. It was followed by Hong Kong SAR, with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to -8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+7.1% per year) and Hong Kong SAR (+102.9% per year).

Export Prices by Country

The average imitation jewellery export price stood at $X per ton in 2021, with a decrease of -27.7% against the previous year. Overall, the export price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Afghanistan ($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 Afghanistan (+29.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imitation Jewellery Imports

Imports into Luxembourg

Imitation jewellery imports into Luxembourg contracted remarkably to X tons in 2021, waning by -24.2% on 2020 figures. Overall, imports recorded a perceptible descent. The growth pace was the most rapid in 2020 when imports increased by 37% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, imitation jewellery imports declined to $X in 2021. Over the period under review, imports saw a perceptible reduction. The most prominent rate of growth was recorded in 2013 with an increase of 35%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest imitation jewellery supplier to Luxembourg, accounting for a 35% share of total imports. Moreover, imitation jewellery imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. The third position in this ranking was held by Belgium (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+6.3% per year) and Belgium (-3.6% per year).

In value terms, the largest imitation jewellery suppliers to Luxembourg were the Philippines ($X), Germany ($X) and France ($X), together accounting for 63% of total imports. These countries were followed by Belgium, the Netherlands, China, Spain and Austria, which together accounted for a further 28%.

Spain, with a CAGR of +6.5%, recorded 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

The average imitation jewellery import price stood at $X per ton in 2021, increasing by 29% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the Philippines ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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