Southern Asia: Imitation Jewellery Market 2022

Imitation Jewellery Market Size in Southern Asia

The South Asian imitation jewellery market rose notably to $X in 2020, growing by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. from 2019 to 2020, the growth of the market remained at a somewhat lower figure.

Imitation Jewellery Production in Southern Asia

In value terms, imitation jewellery production shrank notably to $X in 2020 estimated in export prices. Over the period under review, production, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% y-o-y. The level of production peaked at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Production By Country in Southern Asia

India (X tons) constituted the country with the largest volume of imitation jewellery production, comprising approx. X% of total volume.

In India, imitation jewellery production remained relatively stable over the period from 2007-2020.

Imitation Jewellery Exports

Exports in Southern Asia

In 2020, overseas shipments of imitation jewellery increased by X% to X tons, rising for the second year in a row after four years of decline. In general, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tons in 2012; however, from 2013 to 2020, exports remained at a lower figure.

In value terms, imitation jewellery exports plummeted to $X in 2020. Overall, exports, however, showed a slight decline. The pace of growth was the most pronounced in 2011 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from India (X tons), together accounting for X% of total export.

India was also the fastest-growing in terms of the imitation jewellery exports, with a CAGR of -X% from 2007 to 2020. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest imitation jewellery supplier in Southern Asia.

From 2007 to 2020, the average annual rate of growth in terms of value in India totaled -X%.

Export Prices by Country

The imitation jewellery export price in Southern Asia stood at $X per ton in 2020, dropping by -X% against the previous year. Overall, the export price, however, saw a prominent increase. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. Over the period under review, export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2020, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2007 to 2020, the rate of growth in terms of prices for India amounted to +X% per year.

Imitation Jewellery Imports

Imports in Southern Asia

In 2020, approx. X tons of imitation jewellery were imported in Southern Asia; growing by X% on the year before. Over the period under review, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. The volume of import peaked at X tons in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, imitation jewellery imports contracted remarkably to $X in 2020. Overall, imports recorded moderate growth. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

Imports by Country

Pakistan prevails in imitation jewellery imports structure, accounting for X tons, which was approx. X% of total imports in 2020. It was distantly followed by India (X tons), committing a X% share of total imports. Bangladesh (X tons) followed a long way behind the leaders.

Pakistan was also the fastest-growing in terms of the imitation jewellery imports, with a CAGR of +X% from 2007 to 2020. At the same time, India (+X%) and Bangladesh (+X%) displayed positive paces of growth. While the share of Pakistan (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of India (-X p.p.) and Bangladesh (-X p.p.) displayed negative dynamics.

In value terms, the largest imitation jewellery importing markets in Southern Asia were India ($X), Bangladesh ($X) and Pakistan ($X), together comprising X% of total imports.

Among the main importing countries, Bangladesh saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The imitation jewellery import price in Southern Asia stood at $X per ton in 2020, waning by -X% against the previous year. Overall, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2008; however, from 2009 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Bangladesh ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Bangladesh, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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