Imitation Jewellery Market in Colombia
Market Overview
In 
, the Colombian imitation jewellery market increased by % to $, rising for the second consecutive year after six years of decline. Over the period under review, consumption recorded a measured expansion. Over the period under review, the market reached the maximum level at $ in 2014; however, from 2015 to , consumption remained at a lower figure.
, the Colombian imitation jewellery market increased by % to $, rising for the second consecutive year after six years of decline. Over the period under review, consumption recorded a measured expansion. Over the period under review, the market reached the maximum level at $ in 2014; however, from 2015 to , consumption remained at a lower figure.Consumption
In , consumption of imitation jewelry increased by % to tons, rising for the second consecutive year after three years of decline. Over the period under review, consumption recorded temperate growth. Over the period under review, consumption hit record highs at tons in 2017; however, from 2018 to , consumption failed to regain momentum.
The value of the imitation jewellery market in Colombia totaled $ in , approximately mirroring 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). Overall, consumption saw moderate growth. Over the period under review, the market hit record highs at $ in 2014; however, from 2015 to , consumption remained at a lower figure.
, consumption of imitation jewelry increased by % to tons, rising for the second consecutive year after three years of decline. Over the period under review, consumption recorded temperate growth. Over the period under review, consumption hit record highs at tons in 2017; however, from 2018 to , consumption failed to regain momentum.The value of the imitation jewellery market in Colombia totaled $
in , approximately mirroring 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). Overall, consumption saw moderate growth. Over the period under review, the market hit record highs at $ in 2014; however, from 2015 to , consumption remained at a lower figure.Market Forecast
Driven by increasing demand for imitation jewelry in Colombia, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, 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 .
% 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 .Market Structure
Imitation jewellery market in Colombia consists almost entirely of imported products.
Trade Balance
Colombia remains a net importer of imitation jewellery; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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