Venezuela: Imitation Jewellery Market 2022

Imitation Jewellery Market Size in Venezuela

The Venezuelan imitation jewellery market reduced markedly to $X in 2020, with a decrease of -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. from 2009 to 2020, the growth of the market failed to regain the momentum.

Imitation Jewellery Exports

Exports from Venezuela

In 2020, approx. X tons of imitation jewellery were exported from Venezuela; picking up by X% compared with 2019 figures. In general, exports enjoyed a mild expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Exports peaked at X tons in 2016; however, from 2017 to 2020, exports remained at a lower figure.

In value terms, imitation jewellery exports soared to $X in 2020. Over the period under review, exports saw perceptible growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

Exports by Country

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

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

In value terms, the largest markets for imitation jewellery exported from Venezuela were the United States ($X), Chile ($X) and Spain ($X), with a combined X% share of total exports. These countries were followed by El Salvador, which accounted for a further X the main countries of destination, El Salvador 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 2020, the average imitation jewellery export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price recorded temperate growth. The pace of growth was the most pronounced in 2010 an increase of X% year-to-year. The export price peaked at $X per ton in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Chile ($X per ton), while the average price for exports to the United States ($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 El Salvador, while the prices for the other major destinations experienced a decline.

Imitation Jewellery Imports

Imports into Venezuela

In 2020, approx. X tons of imitation jewellery were imported into Venezuela; with a decrease of -X% against the year before. In general, imports showed a abrupt decline. The pace of growth was the most pronounced in 2010 when imports increased by X% year-to-year. Imports peaked at X tons in 2012; however, from 2013 to 2020, imports remained at a lower figure.

In value terms, imitation jewellery imports declined to $X in 2020. Overall, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. from 2009 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, China (X tons) constituted the largest supplier of imitation jewellery to Venezuela, with a X% share of total imports. Moreover, imitation jewellery imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from China stood at -X%.

In value terms, the United States ($X) and China ($X) were the largest imitation jewellery suppliers to Venezuela.

China recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average imitation jewellery import price stood at $X per ton in 2020, rising by X% against the previous year. Overall, the import price, however, saw a noticeable decrease. The growth pace was the most rapid in 2015 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per ton in 2008; however, from 2009 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the United States ($X per ton), while the price for China amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China.

Source: IndexBox Platform

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