Peru: Imitation Jewellery Market 2022

Imitation Jewellery Market Size in Peru

The Peruvian imitation jewellery market fell sharply to $X in 2020, declining by -X% 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). Over the period under review, consumption, however, showed a resilient increase. The pace of growth appeared the most rapid in 2008 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2020, consumption remained at a lower figure.

Imitation Jewellery Exports

Exports from Peru

Imitation jewellery exports from Peru dropped dramatically to X tons in 2020, with a decrease of -X% on the previous year's figure. Overall, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Exports peaked at X tons in 2013; however, from 2014 to 2020, exports remained at a lower figure.

In value terms, imitation jewellery exports declined dramatically to $X in 2020. In general, exports recorded a abrupt decline. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Exports peaked at $X in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

Exports by Country

Ecuador (X tons) was the main destination for imitation jewellery exports from Peru, accounting for a X% share of total exports. Moreover, imitation jewellery exports to Ecuador exceeded the volume sent to the second major destination, Bolivia (X tons), twofold. Colombia (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Ecuador totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-X% per year) and Colombia (+X% per year).

In value terms, the largest markets for imitation jewellery exported from Peru were the United States ($X), Colombia ($X) and Ecuador ($X), together comprising X% of total exports. These countries were followed by Bolivia, Chile, Mexico and Brazil, which together accounted for a further X (+X% per year) recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average imitation jewellery export price stood at $X per ton in 2020, waning by -X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 an increase of X% y-o-y. Over the period under review, average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was the United States ($X per ton), while the average price for exports to Ecuador ($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 United States, while the prices for the other major destinations experienced more modest paces of growth.

Imitation Jewellery Imports

Imports into Peru

In 2020, purchases abroad of imitation jewellery decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Imports peaked at X tons in 2019, and then reduced sharply in the following year.

In value terms, imitation jewellery imports declined markedly to $X in 2020. Overall, imports, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Imports peaked at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest imitation jewellery supplier to Peru, with a X% share of total imports. Moreover, imitation jewellery imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X tons), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+X% per year) and Vietnam (+X% per year).

In value terms, the largest imitation jewellery suppliers to Peru were China ($X), Colombia ($X) and Vietnam ($X), with a combined X% share of total imports.

Vietnam (+X% per year) 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 2020, jumping by X% against the previous year. Overall, import price indicated a temperate increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $X per ton in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Colombia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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