MENA: Imitation Jewellery Market 2024

Imitation Jewellery Market Size in MENA

The MENA's imitation jewellery market declined to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption showed a noticeable decline. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Imitation Jewellery Production in MENA

In value terms, imitation jewellery production amounted to $X in 2022 estimated in export price. The total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Imitation Jewellery Exports

Exports in MENA

For the third year in a row, MENA recorded growth in overseas shipments of imitation jewelry, which increased by X% to X tons in 2022. Overall, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, imitation jewellery exports skyrocketed to $X in 2022. In general, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

The United Arab Emirates represented the key exporting country with an export of about X tons, which amounted to X% of total exports. Turkey (X tons) ranks second in terms of the total exports with a X% share, followed by Israel (X%). Oman (X tons) and Kuwait (X tons) held a minor share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Oman (X%), Kuwait (X%), Turkey (X%) and Israel (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. The United Arab Emirates (X p.p.), Turkey (X p.p.), Oman (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total exports, while Israel saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X), Israel ($X) and Turkey ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

The United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Imitation Jewellery Imports

Imports in MENA

In 2022, imports of imitation jewelry in MENA totaled X tons, with an increase of X% compared with the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, imitation jewellery imports soared to $X in 2022. Total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates represented the largest importer of imitation jewelry in MENA, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Egypt (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Saudi Arabia (X%), Iraq (X%), Turkey (X%) and Algeria (X%). Yemen (X tons), Iran (X tons), Libya (X tons), Lebanon (X tons), Morocco (X tons) and Oman (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to imitation jewellery imports into the United Arab Emirates stood at X%. At the same time, Algeria (X%), Iraq (X%), Libya (X%), Yemen (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Morocco experienced a relatively flat trend pattern. By contrast, Turkey (X%), Oman (X%), Iran (X%), Lebanon (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Iraq, Algeria, Yemen and Libya increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported imitation jewelry in MENA, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

In the United Arab Emirates, imitation jewellery imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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