Uruguay: Imitation Jewellery Market 2022

Imitation Jewellery Market Size in Uruguay

For the third consecutive year, the Uruguayan imitation jewellery market recorded decline in sales value, which decreased by -X% to $X in 2020. Overall, the total consumption indicated a noticeable expansion from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. from 2012 to 2020, the growth of the market failed to regain the momentum.

Imitation Jewellery Exports

Exports from Uruguay

Imitation jewellery exports from Uruguay declined sharply to X kg in 2020, with a decrease of -X% on the previous year's figure. Over the period under review, exports continue to indicate a mild decline. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. Exports peaked at X kg in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

In value terms, imitation jewellery exports reduced notably to $X in 2020. In general, exports showed a perceptible reduction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Exports peaked at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Chile (X kg) was the main destination for imitation jewellery exports from Uruguay, accounting for a X% share of total exports. Moreover, imitation jewellery exports to Chile exceeded the volume sent to the second major destination, Brazil (X kg), threefold. The third position in this ranking was occupied by the United States (X kg), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Chile amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+X% per year) and the United States (-X% per year).

In value terms, Chile ($X), Brazil ($X) and the United States ($X) were the largest markets for imitation jewellery exported from Uruguay worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Chile (+X% per year) recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2020, the average imitation jewellery export price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price, however, showed a noticeable decline. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average export prices hit record highs at $X per ton in 2008; however, from 2009 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per ton), while the average price for exports to Chile ($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 Israel, while the prices for the other major destinations experienced more modest paces of growth.

Imitation Jewellery Imports

Imports into Uruguay

In 2020, approx. X tons of imitation jewellery were imported into Uruguay; shrinking by -X% against the previous year's figure. Overall, imports continue to indicate a mild decrease. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. As a result, imports attained the peak of X tons. from 2012 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, imitation jewellery imports plummeted to $X in 2020. Over the period under review, imports recorded a pronounced increase. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. As a result, imports attained the peak of $X. from 2012 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest imitation jewellery supplier to Uruguay, accounting for a X% share of total imports. Moreover, imitation jewellery imports from China exceeded the figures recorded by the second-largest supplier, Argentina (X tons), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-X% per year) and Brazil (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Argentina (-X% per year).

Import Prices by Country

The average imitation jewellery import price stood at $X per ton in 2020, surging by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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