The imitation jewelry market in Northern America is expected to grow steadily over the next decade. Driven by rising demand, the market is forecast to expand at a compound annual growth rate (CAGR) of 1.1% in volume from 2024 to 2035. By 2035, the market volume is projected to reach 206,000 tons. In terms of value, the market is expected to grow at a CAGR of 1.4%, reaching approximately $6.9 billion by the end of 2035, measured in nominal wholesale prices.
Market Consumption Trends
In 2024, Northern America consumed about 184,000 tons of imitation jewelry, marking a 6.8% increase compared to 2023. Consumption has shown a modest upward trend overall. The highest consumption volume recorded was 205,000 tons in 2022. However, consumption slightly dipped between 2023 and 2024.
The total market value stood around $6 billion in 2024, roughly the same as the previous year. This value reflects the revenues of producers and importers but excludes logistics, retail marketing costs, and retailer margins. The market value peaked at $9.1 billion in 2013, with a decline seen since then.
Consumption by Country
The United States dominates the Northern American market, accounting for about 179,000 tons or 97% of total imitation jewelry consumption in 2024. Canada follows with 5,200 tons, representing 2.8%. From 2013 to 2024, the United States experienced an average annual growth rate of 2.4% in consumption volume. In value terms, the U.S. market was worth $5.8 billion, while Canada’s market value stood at $121 million. However, the U.S. market value declined annually by 3.7% on average during this period. Per capita consumption in the U.S. increased steadily at 1.7% annually.
Production Overview
Northern America produced 142,000 tons of imitation jewelry in 2024, a 13% increase compared to 2023. Production has generally grown at a moderate pace, with the fastest growth occurring in 2018, when output rose by 163%. Production volume peaked at 158,000 tons in 2022 but slightly declined afterward.
The production value was approximately $5.1 billion in 2024, measured at export prices. Production value peaked at $7.5 billion in 2018 but has since decreased and failed to regain its previous momentum.
Production by Country
The United States is the main producer, accounting for nearly all (100%) of Northern America’s imitation jewelry production at 142,000 tons in 2024. From 2013 to 2024, production volume in the U.S. grew at an average annual rate of 1.7%.
Imports
Imports of imitation jewelry fell by 6.5% to 50,000 tons in 2024 after five years of growth. Despite the recent decline, imports generally increased over the longer term. The highest growth was in 2019, with a 65% increase. Imports peaked at 53,000 tons in 2023 before the drop.
In value terms, imports declined modestly to $1.2 billion in 2024. The peak import value was $2.3 billion in 2013, but values have remained lower since then.
Imports by Country
The United States is the largest importer, accounting for 42,000 tons or 84% of total imports in 2024. Canada imported 8,000 tons, making up the remaining 16%. The U.S. import volume grew at a CAGR of 4.5% from 2013 to 2024, while Canada’s imports declined at an average rate of 2.5%. The U.S. also saw its share of imports increase by 13 percentage points during this period, while Canada’s share decreased by the same margin.
In value terms, the U.S. led imports with $1 billion, followed by Canada at $185 million. The U.S. experienced a decline in import value by 6.4% annually on average from 2013 to 2024.
Import Prices
The average import price in Northern America was $23,895 per ton in 2024, rising 6.3% from the previous year. Prices peaked at $75,809 per ton in 2018 but have since dropped and stabilized at lower levels. Among the top importers, the U.S. had a slightly higher price at $24,011 per ton compared to Canada’s $23,219. Canada’s import prices showed a slight growth rate of 0.2% annually from 2013 to 2024.
Exports
Northern America’s imitation jewelry exports grew for the fourth consecutive year, increasing by 9.7% to 7,600 tons in 2024. Export volumes have expanded significantly over the review period. The fastest growth was in 2019, when exports rose by 180%. Exports peaked at 17,000 tons but slowed down afterward.
The export value reached $277 million in 2024. Although export values have generally decreased since peaking at $382 million in 2014, they saw a notable 26% rise in 2022.
Exports by Country
The United States is the top exporter with 4,800 tons, or about 63% of the total. Canada exported 2,800 tons, making up 37%. Canada showed the highest growth rate in exports with a CAGR of 41.3% from 2013 to 2024. In value terms, the U.S. accounted for $257 million, representing 93% of total exports, while Canada accounted for $20 million. U.S. export values declined slightly at an annual average rate of 1.4% over this period.
Export Prices
The average export price in Northern America was $36,456 per ton in 2024, an increase of 6.7% from 2023. Export prices reached a high of $88,892 per ton in 2017 but dropped thereafter. The U.S. had the highest export price among leading suppliers at $53,947 per ton, while Canada’s was $6,950. The U.S. export prices declined slightly by 1.0% annually from 2013 to 2024.
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