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Philippines - Imitation Jewelry - Market Analysis, Forecast, Size, Trends and Insights
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View PricingImitation Jewellery Price in the Philippines - 2023
Contents:
- Imitation Jewellery Price in the Philippines (CIF) - 2023
- Imitation Jewellery Price in the Philippines (FOB) - 2022
- Imitation Jewellery Imports in the Philippines
- Imitation Jewellery Exports in the Philippines
Imitation Jewellery Price in the Philippines (CIF) - 2023
The average imitation jewellery import price stood at $307K per ton in May 2023, falling by -5.5% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 191% month-to-month. As a result, import price attained the peak level of $1.2M per ton. From October 2022 to May 2023, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In May 2023, the highest price was recorded for prices from China ($213K per ton) and Hong Kong SAR ($173K per ton), while the price for Italy ($153K per ton) and Portugal ($154K per ton) were amongst the lowest.
From June 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Germany (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imitation Jewellery Price in the Philippines (FOB) - 2022
In 2022, the average imitation jewellery export price amounted to $37,773 per ton, waning by -59.7% against the previous year. Overall, the export price, however, showed a slight increase. The pace of growth appeared the most rapid in 2018 an increase of 189%. The export price peaked at $230,017 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($111,574 per ton), while the average price for exports to the UK ($15,395 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 France (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imitation Jewellery Imports in the Philippines
In 2022, after three years of growth, there was significant decline in purchases abroad of imitation jewelry, when their volume decreased by -43.1% to 530 tons. Overall, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 127% against the previous year. As a result, imports attained the peak of 932 tons, and then shrank significantly in the following year.
In value terms, imitation jewellery imports plummeted to $10M in 2022. In general, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 60% against the previous year. As a result, imports reached the peak of $18M, and then declined rapidly in the following year.
Import of Imitation Jewellery in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 1.9 | 2.8 | 3.8 | 2.7 | 12.4% |
China | 2.5 | 1.3 | 2.5 | 2.3 | -2.7% |
Hong Kong SAR | 4.6 | 5.9 | 10.1 | 1.4 | -32.7% |
Italy | 0.1 | N/A | 0.2 | 0.9 | 108.0% |
Switzerland | 0.2 | N/A | 0.1 | 0.7 | 51.8% |
Germany | N/A | N/A | 0.2 | 0.5 | 150.0% |
United States | N/A | 0.1 | 0.2 | 0.3 | 73.2% |
Vietnam | 0.2 | 0.2 | N/A | N/A | 0.0% |
Others | 3.1 | 1.2 | 1.2 | 1.4 | -23.3% |
Total | 12.8 | 11.5 | 18.4 | 10.1 | -7.6% |
Top Suppliers of Imitation Jewellery to the Philippines in 2022:
- India (234.2 tons)
- China (141.4 tons)
- Hong Kong SAR (48.7 tons)
- Italy (25.9 tons)
- United States (13.2 tons)
- Germany (11.0 tons)
- Switzerland (10.5 tons)
- Vietnam (2.6 tons)
Imitation Jewellery Exports in the Philippines
Imitation jewellery exports from the Philippines surged to 383 tons in 2022, picking up by 194% compared with the previous year. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, imitation jewellery exports surged to $14M in 2022. Over the period under review, exports, however, faced a deep setback.
Export of Imitation Jewellery in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 5,182 | 2,751 | 3,617 | 4,464 | -4.8% |
Luxembourg | 4,383 | 1,190 | 2,795 | 2,711 | -14.8% |
France | 3,902 | 2,128 | 2,362 | 2,449 | -14.4% |
Malaysia | 46.3 | 14.0 | 24.8 | 958 | 174.5% |
Germany | 680 | 99.7 | 120 | 669 | -0.5% |
Japan | 1,489 | 650 | 482 | 637 | -24.7% |
Australia | 761 | 456 | 530 | 329 | -24.4% |
Spain | 304 | 146 | 127 | 319 | 1.6% |
Italy | 377 | 234 | 207 | 267 | -10.9% |
Canada | 578 | 254 | 454 | 207 | -29.0% |
Hong Kong SAR | 407 | 225 | 224 | 199 | -21.2% |
Mexico | 7.2 | 12.1 | 7.7 | 173 | 188.6% |
United Kingdom | 766 | 121 | 162 | 122 | -45.8% |
Others | 2,234 | 2,183 | 1,095 | 945 | -24.9% |
Total | 21,117 | 10,464 | 12,209 | 14,449 | -11.9% |
Top Export Markets for Imitation Jewellery from the Philippines in 2022:
- United States (130.3 tons)
- Luxembourg (38.1 tons)
- Germany (35.5 tons)
- Japan (27.9 tons)
- Malaysia (26.4 tons)
- France (22.0 tons)
- Spain (15.8 tons)
- Italy (13.4 tons)
- Australia (9.9 tons)
- United Kingdom (7.9 tons)
- Mexico (6.7 tons)
- Canada (6.3 tons)
- Hong Kong SAR (6.3 tons)
This report provides an in-depth analysis of the imitation jewellery market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32131000 - Imitation jewellery and related articles
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the imitation jewellery market in the Philippines.
This report provides an in-depth analysis of the global imitation jewellery market.
This report provides an in-depth analysis of the imitation jewellery market in the Philippines.
This report provides an in-depth analysis of the imitation jewellery market in the Philippines.
This report provides an in-depth analysis of the global imitation jewellery market.
This report provides an in-depth analysis of the global imitation jewellery market.
Discover the leading import markets for imitation jewellery in 2023 and delve into the trends shaping the global fashion industry.
In 2016, the global imitation jewellery imports amounted to X tons, declining by -X% against the previous year level. In general, imitation jewellery imports continue to indicate a perceptible ...
In 2016, the global imitation jewellery imports amounted to X tons, declining by -X% against the previous year level. In general, imitation jewellery imports continue to indicate a perceptible ...
China continued its dominance in the global imitation jewelry trade. In 2014, China exported X thousand tons of imitation jewelry totaling X USD, a staggering X% over the previous year. Its primary trading partner was the U.S., where it suppl
Discover the leading import markets for imitation jewellery in 2023 and delve into the trends shaping the global fashion industry.