Thailand: Imitation Jewellery Market 2024

Imitation Jewellery Market Size in Thailand

The Thai imitation jewellery market soared to $X in 2021, jumping by 21% against the previous year. Overall, consumption showed a strong expansion. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in years to come.

Imitation Jewellery Production in Thailand

In value terms, imitation jewellery production rose markedly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 30%. Imitation jewellery production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Imitation Jewellery Exports

Exports from Thailand

In 2021, overseas shipments of imitation jewelry decreased by -1.3% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2018 when exports increased by 36%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, imitation jewellery exports rose remarkably to $X in 2021. Overall, exports saw a perceptible setback. The pace of growth appeared the most rapid in 2018 with an increase of 24%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X tons), the United States (X tons) and Liechtenstein (X tons) were the main destinations of imitation jewellery exports from Thailand, with a combined 61% share of total exports.

From 2012 to 2021, the biggest increases were in Hong Kong SAR (with a CAGR of +25.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for imitation jewellery exported from Thailand were Switzerland ($X), the United States ($X) and Hong Kong SAR ($X), together accounting for 50% of total exports. Liechtenstein, France, the UK, Singapore, China, Germany and the United Arab Emirates lagged somewhat behind, together comprising a further 35%.

In terms of the main countries of destination, China, with a CAGR of +29.7%, saw the highest growth rate of 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

In 2021, the average imitation jewellery export price amounted to $X per ton, growing by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2019 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Hong Kong SAR ($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 France (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imitation Jewellery Imports

Imports into Thailand

In 2021, the amount of imitation jewelry imported into Thailand surged to X tons, picking up by 19% on 2020 figures. Over the period under review, imports posted a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 23% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, imitation jewellery imports skyrocketed to $X in 2021. In general, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 39%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main imitation jewellery supplier to Thailand, accounting for a 95% share of total imports. It was followed by Japan (X tons), with a 1.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +6.5%.

In value terms, China ($X) constituted the largest supplier of imitation jewellery to Thailand, comprising 48% of total imports. The second position in the ranking was taken by Japan ($X), with a 3.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +12.2%.

Import Prices by Country

In 2021, the average imitation jewellery import price amounted to $X per ton, rising by 4.2% against the previous year. Overall, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.6% 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 decreased by -34.4% against 2016 indices. The growth pace was the most rapid in 2013 when the average import price increased by 52%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.4%).

Source: IndexBox Platform