Portugal: Imitation Jewellery Market 2024

Imitation Jewellery Market Size in Portugal

The Portuguese imitation jewellery market contracted to $X in 2021, with a decrease of -10.2% against the previous year. In general, consumption recorded a abrupt contraction. Imitation jewellery consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Imitation Jewellery Production in Portugal

In value terms, imitation jewellery production expanded significantly to $X in 2021 estimated in export price. Overall, production, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 104% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Imitation Jewellery Exports

Exports from Portugal

In 2021, approx. X tons of imitation jewelry were exported from Portugal; increasing by 72% compared with the previous year's figure. Overall, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, imitation jewellery exports surged to $X in 2021. Over the period under review, exports saw a noticeable expansion. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for imitation jewellery exports from Portugal, accounting for a 41% share of total exports. Moreover, imitation jewellery exports to Spain exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was held by Italy (X tons), with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain amounted to +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-4.2% per year) and Italy (-12.0% per year).

In value terms, the largest markets for imitation jewellery exported from Portugal were Spain ($X), France ($X) and Estonia ($X), with a combined 58% share of total exports. Greece, Italy, Germany, Poland, Saudi Arabia, Tunisia, Angola, Israel and Georgia lagged somewhat behind, together comprising a further 19%.

Greece, with a CAGR of +184.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average imitation jewellery export price stood at $X per ton in 2021, waning by -10% against the previous year. Over the last nine years, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2015 an increase of 12%. The export price peaked at $X per ton in 2020, and then dropped in the following year.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Italy ($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 Saudi Arabia (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imitation Jewellery Imports

Imports into Portugal

In 2021, after two years of decline, there was significant growth in supplies from abroad of imitation jewelry, when their volume increased by 13% to X tons. In general, imports, however, saw a abrupt slump. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imitation jewellery imports surged to $X in 2021. Over the period under review, imports, however, showed a mild shrinkage. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of imitation jewellery to Portugal, accounting for a 46% share of total imports. Moreover, imitation jewellery imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume from Spain stood at -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-16.3% per year) and Germany (-3.1% per year).

In value terms, the largest imitation jewellery suppliers to Portugal were Spain ($X), France ($X) and China ($X), together comprising 74% of total imports. These countries were followed by Germany, Italy, Hungary, the UK, India, the Netherlands and Ireland, which together accounted for a further 20%.

Hungary, with a CAGR of +131.5%, saw the highest growth rate of the value of imports, among 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, growing by 11% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +10.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imitation jewellery import price increased by +139.9% against 2012 indices. The growth pace was the most rapid in 2013 when the average import price increased by 35%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+20.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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