Imitation Jewellery Market in India
Market Overview
The Indian imitation jewellery market was estimated at $
in , picking up 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). Overall, consumption, however, saw a slight curtailment. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption failed to regain momentum.
In value terms, imitation jewellery production declined slightly to $ in estimated in export price. In general, production, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2013 with an increase of %. Imitation jewellery production peaked at $ in 2007; however, from 2008 to , production remained at a lower figure.
in , picking up 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). Overall, consumption, however, saw a slight curtailment. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption failed to regain momentum.In value terms, imitation jewellery production declined slightly to $
in estimated in export price. In general, production, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2013 with an increase of %. Imitation jewellery production peaked at $ in 2007; however, from 2008 to , production remained at a lower figure.Consumption
Imitation jewellery consumption in India stood at tons in , increasing by % against the previous year's figure. In general, consumption recorded a noticeable expansion. Imitation jewellery consumption peaked in and is likely to see gradual growth in years to come.
The revenue of the imitation jewellery market in India expanded modestly to $ in , growing 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, however, saw a mild decline. Imitation jewellery consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.
tons in , increasing by % against the previous year's figure. In general, consumption recorded a noticeable expansion. Imitation jewellery consumption peaked in and is likely to see gradual growth in years to come.The revenue of the imitation jewellery market in India expanded modestly to $
in , growing 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, however, saw a mild decline. Imitation jewellery consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.Market Forecast
Driven by increasing demand for imitation jewelry in India, the market is expected to continue an upward consumption trend over the next eight-year period. 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 .
% 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
Driven by a growing demand, the share of imports in total supply in India increased significantly over the last fifteen years (from % to %).
% to %).Trade Balance
India 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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