Ukraine: Imitation Jewellery Market 2024

Imitation Jewellery Market Size in Ukraine

The Ukrainian imitation jewellery market stood at $X in 2021, surging by 13% against the previous year. Over the period under review, consumption continues to indicate a abrupt shrinkage. Imitation jewellery consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Imitation Jewellery Production in Ukraine

In value terms, imitation jewellery production fell to $X in 2021 estimated in export price. In general, production, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 188% against the previous year. Imitation jewellery production peaked at $X in 2020, and then dropped in the following year.

Imitation Jewellery Exports

Exports from Ukraine

In 2021, shipments abroad of imitation jewelry increased by 176% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 234%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, imitation jewellery exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a abrupt contraction. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons), Moldova (X tons) and Belarus (X tons) were the main destinations of imitation jewellery exports from Ukraine, together comprising 56% of total exports. Poland, Italy, the United States and Russia lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the biggest increases were in the United States (with a CAGR of +107.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Italy ($X) and the Czech Republic ($X) constituted the largest markets for imitation jewellery exported from Ukraine worldwide, with a combined 27% share of total exports. The United States, Moldova, Russia, Belarus and Georgia lagged somewhat behind, together comprising a further 8.5%.

The United States, with a CAGR of +75.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 2021, falling by -43.6% against the previous year. In general, the export price saw a deep slump. The pace of growth was the most pronounced in 2015 when the average export price increased by 188%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Georgia ($X per ton), while the average price for exports to Belarus ($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 Georgia (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imitation Jewellery Imports

Imports into Ukraine

In 2021, overseas purchases of imitation jewelry decreased by -0.4% to X tons, falling for the second year in a row after two years of growth. Overall, imports saw a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 52%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, imitation jewellery imports soared to $X in 2021. Over the period under review, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 25%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main imitation jewellery supplier to Ukraine, with a 94% share of total imports. It was followed by Vietnam (X tons), with a 1.6% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled -8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+16.3% per year) and Turkey (-34.6% per year).

In value terms, China ($X) constituted the largest supplier of imitation jewellery to Ukraine, comprising 71% of total imports. The second position in the ranking was held by Vietnam ($X), with a 0.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+11.7% per year) and Turkey (-25.6% per year).

Import Prices by Country

In 2021, the average imitation jewellery import price amounted to $X per ton, increasing by 22% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 36% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+13.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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