Singapore: Imitation Jewellery Market 2022

Imitation Jewellery Market Size in Singapore

The Singaporean imitation jewellery market amounted to $X in 2020, picking up 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 enjoyed buoyant growth. The pace of growth appeared the most rapid in 2013 when the market value increased by X% year-to-year. Imitation jewellery consumption peaked in 2020 and is expected to retain growth in the near future.

Imitation Jewellery Exports

Exports from Singapore

In 2020, approx. X tons of imitation jewellery were exported from Singapore; reducing by -X% compared with 2019. Over the period under review, exports saw a noticeable decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, exports attained the peak of X tons. from 2015 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, imitation jewellery exports reached $X in 2020. Overall, exports showed a remarkable increase. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Exports peaked in 2020 and are expected to retain growth in the immediate term.

Exports by Country

Malaysia (X tons) was the main destination for imitation jewellery exports from Singapore, with a X% share of total exports. Moreover, imitation jewellery exports to Malaysia exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), fivefold. The third position in this ranking was occupied by Indonesia (X tons), with a X% share.

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

In value terms, Hong Kong SAR ($X) remains the key foreign market for imitation jewellery exports from Singapore, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Hong Kong SAR totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and India (+X% per year).

Export Prices by Country

In 2020, the average imitation jewellery export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price posted a strong increase. The pace of growth appeared the most rapid in 2012 an increase of X% year-to-year. Over the period under review, average export prices hit record highs in 2020 and is expected to retain growth in the near future.

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

Imitation Jewellery Imports

Imports into Singapore

In 2020, imports of imitation jewellery into Singapore surged to X tons, growing by X% compared with the year before. In general, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked in 2020 and are likely to see gradual growth in the near future.

In value terms, imitation jewellery imports reduced notably to $X in 2020. Over the period under review, imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Thailand (X tons) constituted the largest supplier of imitation jewellery to Singapore, accounting for a X% share of total imports. Moreover, imitation jewellery imports from Thailand exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. Vietnam (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Thailand ($X) constituted the largest supplier of imitation jewellery to Singapore, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Thailand totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Vietnam (+X% per year).

Import Prices by Country

In 2020, the average imitation jewellery import price amounted to $X per ton, shrinking by -X% against the previous year. Over the period under review, the import price recorded a noticeable contraction. The pace of growth was the most pronounced in 2009 an increase of X% against the previous year. The import price peaked at $X per ton in 2019, and then declined notably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2020, the countries with the highest prices were Vietnam ($X per ton) and Austria ($X per ton), while the price for Thailand ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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