Updated Jan 19, 2023 01:52

Global Imitation Jewellery Market

Market Overview
The global imitation jewellery market fell markedly to $ in , shrinking by -% 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). Over the period under review, consumption recorded a relatively flat trend pattern. Global consumption peaked at $ in 2012; however, from 2013 to , consumption stood at a somewhat lower figure.

In value terms, imitation jewellery production reduced rapidly to $ in estimated in export price. In general, production, however, continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2015 with an increase of %. Over the period under review, global production hit record highs at $ in 2018; however, from 2019 to , production remained at a lower figure.

The country with the largest volume of imitation jewellery production was the United States ( tons), accounting for % of total volume. Moreover, imitation jewellery production in the United States exceeded the figures recorded by the second-largest producer, China ( tons), twofold. The third position in this ranking was held by India ( tons), with a % share.

In the United States, imitation jewellery production expanded at an average annual rate of +% over the period from 2007-. In the other countries, the average annual rates were as follows: China (+% per year) and India (-% per year).


Consumption
In , approx. tons of imitation jewelry were consumed worldwide; surging by % on the previous year's figure. The total consumption volume increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, global consumption attained the maximum volume in and is expected to retain growth in years to come.

The global imitation jewellery market value shrank significantly to $ in , falling by -% 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). Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the global market attained the peak level at $ in 2012; however, from 2013 to , consumption stood at a somewhat lower figure.


Consumption by Country
The United States ( tons) remains the largest imitation jewellery consuming country worldwide, comprising approx. % of total volume. Moreover, imitation jewellery consumption in the United States exceeded the figures recorded by the second-largest consumer, China ( tons), more than tenfold. The third position in this ranking was held by India ( tons), with a % share.

In the United States, imitation jewellery consumption expanded at an average annual rate of +% over the period from 2007-. In the other countries, the average annual rates were as follows: China (-% per year) and India (+% per year).

In value terms, China ($) led the market, alone. The second position in the ranking was held by the United States ($). It was followed by the Netherlands.

In China, the imitation jewellery market remained relatively stable over the period from 2007-. In the other countries, the average annual rates were as follows: the United States (+% per year) and the Netherlands (+% per year).

The countries with the highest levels of imitation jewellery per capita consumption in were the United States ( kg per persons), the Netherlands ( kg per persons) and Nigeria ( kg per persons).

From 2007 to , the biggest increases were recorded for the Netherlands (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.


Market Forecast
Driven by increasing demand for imitation jewellery worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .