Northern America: Imitation Jewellery Market 2024

Imitation Jewellery Market Size in Northern America

The North American imitation jewellery market declined slightly to $X in 2021, with a decrease of -2% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +19.6% against 2016 indices. The level of consumption peaked at $X in 2020, and then fell modestly in the following year.

Imitation Jewellery Production in Northern America

In value terms, imitation jewellery production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the production volume increased by 12%. As a result, production reached the peak level of $X, and then shrank in the following year.

Imitation Jewellery Exports

Exports in Northern America

Imitation jewellery exports skyrocketed to X tons in 2021, increasing by 31% compared with 2020. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2019 when exports increased by 2,166% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, imitation jewellery exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a deep downturn. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States was the main exporter of imitation jewelry in Northern America, with the volume of exports resulting at X tons, which was approx. 71% of total exports in 2021. It was distantly followed by Canada (X tons), creating a 29% share of total exports.

The United States was also the fastest-growing in terms of the imitation jewelry exports, with a CAGR of +24.3% from 2012 to 2021. At the same time, Canada (+17.0%) displayed positive paces of growth. The United States (+14 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -11.1% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest imitation jewellery supplier in Northern America, comprising 91% of total exports. The second position in the ranking was held by Canada ($X), with an 8.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled -6.0%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per kg, reducing by -7.4% against the previous year. In general, the export price saw a precipitous contraction. The pace of growth appeared the most rapid in 2020 when the export price increased by 368%. Over the period under review, the export prices hit record highs at $X per kg in 2015; however, from 2016 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 the United States ($X per kg), while Canada stood at $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-20.8%).

Imitation Jewellery Imports

Imports in Northern America

In 2021, the amount of imitation jewelry imported in Northern America surged to X tons, rising by 66% compared with the year before. Overall, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imitation jewellery imports surged to $X in 2021. Over the period under review, imports, however, showed a deep contraction. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The United States represented the key importer of imitation jewelry in Northern America, with the volume of imports resulting at X tons, which was approx. 85% of total imports in 2021. It was distantly followed by Canada (X tons), creating a 15% share of total imports.

The United States was also the fastest-growing in terms of the imitation jewelry imports, with a CAGR of +2.6% from 2012 to 2021. Canada (-7.3%) illustrated a downward trend over the same period. While the share of the United States (+15 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-15.3 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported imitation jewelry in Northern America, comprising 89% of total imports. The second position in the ranking was held by Canada ($X), with an 11% share of total imports.

In the United States, imitation jewellery imports declined by an average annual rate of -7.7% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, falling by -22% against the previous year. In general, the import price showed a deep contraction. The most prominent rate of growth was recorded in 2016 an increase of 6%. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-0.3%).

Source: IndexBox Platform