Turkey: Imitation Jewellery Market 2024

Imitation Jewellery Market Size in Turkey

In 2021, the Turkish imitation jewellery market was finally on the rise to reach $X after six years of decline. In general, consumption, however, continues to indicate a abrupt downturn. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Imitation Jewellery Production in Turkey

In value terms, imitation jewellery production rose rapidly to $X in 2021 estimated in export price. Overall, production, however, recorded a noticeable descent. The growth pace was the most rapid in 2013 when the production volume increased by 140% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Imitation Jewellery Exports

Exports from Turkey

In 2021, approx. X tons of imitation jewelry were exported from Turkey; growing by 539% compared with 2020 figures. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, imitation jewellery exports surged to $X in 2021. In general, exports enjoyed a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for imitation jewellery exports from Turkey, with a 38% share of total exports. Moreover, imitation jewellery exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), fivefold. The UK (X tons) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +73.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+37.6% per year) and the UK (+30.1% per year).

In value terms, the United States ($X) emerged as the key foreign market for imitation jewellery exports from Turkey, comprising 41% of total exports. The second position in the ranking was held by Germany ($X), with an 8.4% share of total exports. It was followed by the UK, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +38.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+17.3% per year) and the UK (+20.9% per year).

Export Prices by Country

The average imitation jewellery export price stood at $X per ton in 2021, surging by 35% against the previous year. Overall, the export price, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2018 when the average export price increased by 63% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Libya ($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 Iran (+23.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imitation Jewellery Imports

Imports into Turkey

In 2021, after six years of decline, there was significant growth in overseas purchases of imitation jewelry, when their volume increased by 64% to X tons. In general, imports, however, showed a abrupt decline. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, imitation jewellery imports soared to $X in 2021. Over the period under review, imports, however, saw a drastic downturn. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest imitation jewellery supplier to Turkey, accounting for a 88% share of total imports. It was followed by Italy (X tons), with a 2.1% share of total imports. The third position in this ranking was taken by Thailand (X tons), with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.1% per year) and Thailand (+5.0% per year).

In value terms, China ($X) constituted the largest supplier of imitation jewellery to Turkey, comprising 71% of total imports. The second position in the ranking was taken by Italy ($X), with an 8.2% share of total imports. It was followed by Thailand, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.4% per year) and Thailand (-9.5% per year).

Import Prices by Country

In 2021, the average imitation jewellery import price amounted to $X per ton, declining by -12.4% against the previous year. Over the period under review, the import price saw a pronounced setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 5.9%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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