Russian Federation: Imitation Jewellery Market 2022

Imitation Jewellery Market Size in the Russian Federation

The Russian imitation jewellery market soared to $X in 2020, increasing 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 saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the market value increased by X% y-o-y. Imitation jewellery consumption peaked at $X in 2011; however, from 2012 to 2020, consumption stood at a somewhat lower figure.

Imitation Jewellery Exports

Exports from the Russian Federation

Imitation jewellery exports from Russia dropped markedly to X tons in 2020, with a decrease of -X% compared with the previous year. Overall, exports, however, saw strong growth. The pace of growth was the most pronounced in 2019 with an increase of X% y-o-y. As a result, exports attained the peak of X tons, and then plummeted in the following year.

In value terms, imitation jewellery exports shrank dramatically to $X in 2020. In general, exports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, exports attained the peak of $X, and then shrank notably in the following year.

Exports by Country

Belarus (X tons), Kazakhstan (X tons) and Ukraine (X tons) were the main destinations of imitation jewellery exports from Russia, together comprising X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for imitation jewellery exported from Russia were Belarus ($X), Kazakhstan ($X) and Ukraine ($X), with a combined X% share of total exports. The United States and Bulgaria lagged somewhat behind, together accounting for a further X the main countries of destination, the United States saw 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

The average imitation jewellery export price stood at $X per ton in 2020, with a decrease of -X% against the previous year. Overall, the export price continues to indicate a noticeable shrinkage. The growth pace was the most rapid in 2016 an increase of X% year-to-year. The export price peaked at $X per ton in 2008; however, from 2009 to 2020, export prices stood at a somewhat lower figure.

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

Imitation Jewellery Imports

Imports into the Russian Federation

Imitation jewellery imports into Russia soared to X tons in 2020, growing by X% compared with the previous year. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Imports peaked at X tons in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

In value terms, imitation jewellery imports skyrocketed to $X in 2020. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Imports peaked at $X in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest supplier of imitation jewellery to Russia, with a X% share of total imports. Moreover, imitation jewellery imports from China exceeded the figures recorded by the second-largest supplier, Belarus (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: Belarus (X% per year) and India (+X% per year).

In value terms, China ($X) constituted the largest supplier of imitation jewellery to Russia, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Belarus (X% per year).

Import Prices by Country

The average imitation jewellery import price stood at $X per ton in 2020, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a mild slump. The most prominent rate of growth was recorded in 2016 an increase of X% y-o-y. The import price peaked at $X per ton in 2009; however, from 2010 to 2020, import prices failed to regain the momentum.

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

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

Source: IndexBox Platform

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