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U.S. Imitation Jewellery Imports
In June 2023, overseas purchases of imitation jewelry increased by 5.7% to 3.5K tons, rising for the third consecutive month after two months of decline. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when imports increased by 28% month-to-month.
In value terms, imitation jewellery imports rose slightly to $88M (IndexBox estimates) in June 2023. Over the period under review, imports, however, saw a slight decrease. The pace of growth was the most pronounced in May 2023 with an increase of 10% against the previous month.
Imports by Country
In June 2023, China (3K tons) constituted the largest supplier of imitation jewellery to the United States, with a 86% share of total imports. It was followed by Italy (67 tons), with a 1.9% share of total imports.
From June 2022 to June 2023, the average monthly rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Italy (-1.0% per month) and Vietnam (+0.4% per month).
In value terms, China ($57M) constituted the largest supplier of imitation jewellery to the United States, comprising 65% of total imports. The second position in the ranking was held by Italy ($6.2M), with a 7.1% share of total imports.
From June 2022 to June 2023, the average monthly growth rate of value from China amounted to -1.4%. The remaining supplying countries recorded the following average monthly rates of imports growth: Italy (-1.4% per month) and Vietnam (+1.2% per month).
Import Prices by Country
In June 2023, the imitation jewellery price stood at $25,320 per ton, therefore (CIF, US), remained relatively stable against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 when the average import price increased by 37% m-o-m. The import price peaked at $33,114 per ton in March 2023; however, from April 2023 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($93,485 per ton), while the price for Hong Kong ($6,501 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+0.8%), while the prices for the other major suppliers experienced a decline.
