Updated Jan 19, 2023 04:08

Imitation Jewellery Market in the United States

Market Overview
The U.S. imitation jewellery market reached $ 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). Over the period under review, the total consumption indicated a perceptible increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2016 indices. Imitation jewellery consumption peaked in and is likely to see gradual growth in years to come.

In value terms, imitation jewellery production stood at $ in . Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the production volume increased by %. Over the period under review, production reached the peak level at $ in ; however, from to , production stood at a somewhat lower figure.


Consumption
In , imitation jewellery consumption in the United States expanded modestly to tons, picking up by % against the previous year's figure. In general, consumption recorded a pronounced 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 the United States expanded modestly to $ in , increasing 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, the total consumption indicated perceptible growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2016 indices. Over the period under review, the market attained the maximum level in and is expected to retain growth in the near future.


Market Forecast
Driven by increasing demand for imitation jewelry in the United States, 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 .


Market Structure
Over the period under review, the share of imports in terms of total imitation jewellery consumption in the United States was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the the United States imitation jewellery market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.


Trade Balance
The United States 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 $.