Report Update: Apr 1, 2024

Republic of Korea - Imitation Jewelry - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Imitation Jewellery Price in South Korea - 2022

Imitation Jewellery Price in South Korea (CIF) - 2022

In December 2022, the average imitation jewellery import price amounted to $72,022 per ton, increasing by 12% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2022 an increase of 102% m-o-m. As a result, import price attained the peak level of $146K per ton. From March 2022 to December 2022, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($744K per ton), while the price for China ($33,992 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.8%), while the prices for the other major suppliers experienced a decline.

Imitation Jewellery Price in South Korea (FOB) - 2022

The average imitation jewellery export price stood at $112,450 per ton in 2022, increasing by 5.5% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +7.1% 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 +98.5% against 2012 indices. The growth pace was the most rapid in 2014 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($291,228 per ton), while the average price for exports to Taiwan (Chinese) ($10,665 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 (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imitation Jewellery Imports in South Korea

In 2022, the amount of imitation jewelry imported into South Korea reached 2.2K tons, growing by 1.6% compared with the year before. Overall, imports, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 7.8%.

In value terms, imitation jewellery imports rose modestly to $164M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Import of Imitation Jewellery in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	57.7	47.0	68.5	66.4	4.8%
Italy	15.7	22.4	29.3	33.8	29.1%
Vietnam	5.1	4.0	3.4	3.5	-11.8%
Others	39.1	44.3	59.7	60.2	15.5%
Total	118	118	161	164	11.6%

Top Suppliers of Imitation Jewellery to South Korea in 2022:

China (1985.2 tons)
Italy (53.2 tons)
Vietnam (33.2 tons)

Imitation Jewellery Exports in South Korea

Imitation jewellery exports from South Korea contracted notably to 861 tons in 2022, falling by -18.7% on the previous year. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 6.2% against the previous year.

In value terms, imitation jewellery exports shrank to $97M in 2022. Over the period under review, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 5.6% against the previous year.

Export of Imitation Jewellery in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	54.7	47.2	40.1	33.7	-14.9%
United States	22.5	19.9	30.3	26.4	5.5%
United Kingdom	7.5	5.6	4.9	5.4	-10.4%
China	6.7	6.0	6.6	2.5	-28.0%
Brazil	1.7	N/A	1.4	2.4	12.2%
Vietnam	2.8	2.7	3.1	2.4	-5.0%
Italy	3.8	2.0	2.1	2.2	-16.7%
Thailand	2.0	2.0	2.3	2.2	3.2%
Hong Kong SAR	5.1	2.0	4.0	2.1	-25.6%
Indonesia	1.6	1.2	1.2	1.0	-14.5%
Taiwan (Chinese)	0.5	1.1	0.7	0.6	6.3%
Others	24.1	17.3	16.2	15.8	-13.1%
Total	133	107	113	96.8	-10.0%

Top Export Markets for Imitation Jewellery from South Korea in 2022:

Japan (232.6 tons)
United States (165.1 tons)
Italy (62.0 tons)
China (54.4 tons)
Taiwan (Chinese) (54.0 tons)
Vietnam (52.9 tons)
Thailand (49.0 tons)
Brazil (22.2 tons)
Indonesia (22.2 tons)
United Kingdom (18.6 tons)
Hong Kong SAR (18.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the imitation jewellery market in Republic of Korea. 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:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023