Republic of Korea: Imitation Jewellery Market 2024

Imitation Jewellery Market Size in Republic of Korea

The South Korean imitation jewellery market reduced modestly to $X in 2022, stabilizing at the previous year. The market value 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. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Imitation Jewellery Production in Republic of Korea

In value terms, imitation jewellery production dropped to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Imitation Jewellery Exports

Exports from Republic of Korea

Imitation jewellery exports from South Korea reduced remarkably to X tons in 2022, waning by X% against the year before. Overall, exports showed a abrupt slump. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, imitation jewellery exports fell to $X in 2022. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons), the United States (X tons) and Italy (X tons) were the main destinations of imitation jewellery exports from South Korea, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Japan ($X), the United States ($X) and the UK ($X) constituted the largest markets for imitation jewellery exported from South Korea worldwide, together accounting for X% of total exports. China, Brazil, Vietnam, Thailand, Italy, Hong Kong SAR, Indonesia, Taiwan (Chinese), Saudi Arabia and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average imitation jewellery export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2022: its price 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, imitation jewellery export price increased by X% against 2012 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imitation Jewellery Imports

Imports into Republic of Korea

In 2022, overseas purchases of imitation jewelry increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, recorded a slight decrease. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imitation jewellery imports rose modestly to $X in 2022. In general, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X tons) was the main supplier of imitation jewellery to South Korea, accounting for a X% share of total imports. It was followed by Italy (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Vietnam (X% per year).

In value terms, China ($X), Italy ($X) and Vietnam ($X) were the largest imitation jewellery suppliers to South Korea, together accounting for X% of total imports.

Among the main suppliers, Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average imitation jewellery import price stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the import price saw a strong increase. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :