Based on the data provided, Italy and France were the leading countries in the European imitation jewellery market in terms of turnover share for the year 2024, with 41.9 million and 34.71 million Euros respectively. Germany follows with 10.65 million Euros, while Portugal's market stands at 5.47 million Euros. Lithuania, Romania, Hungary, and Denmark have much smaller shares, ranging from 1.22 million to 0.39 million Euros. Smaller markets such as Finland, Bosnia and Herzegovina, Estonia, Bulgaria, Cyprus, Slovenia, Macedonia, Iceland, and Serbia contributed marginally, with values between 0.01 million and 0.22 million Euros.
Analyzing the year-on-year variations for 2023, Italy and France experienced a slight decline at -0.12% and -0.95% respectively. Germany's market grew modestly by 0.37%, while Portugal observed a significant increase of 7.35%. Lithuania faced a notable decrease of -4.4%, whereas Bosnia and Herzegovina exhibited a substantial growth rate of 13.7%. Denmark, Hungary, and Finland experienced declines of -21.44%, -5.25%, and -13.72% respectively. Stable or minor positive movements were seen in Romania, Estonia, Cyprus, Bulgaria, and Macedonia. The Compound Annual Growth Rate (CAGR) for the last five years varied across these markets, reflecting differing growth trends.
Looking ahead, key trends in the European imitation jewellery market include potential growth driven by emerging fashion trends, increased online sales, and a rising preference for cost-effective accessories. Noteworthy declines or stagnations in certain countries may prompt market players to adapt strategies, focusing on marketing, product innovation, and exploring new market segments to drive future growth.
Top countries in Imitation Jewellery Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 41.9 | 2023 | +10.34% | -0.12% | View data |
| 2 | 2 France | 34.71 | 2023 | -2.83% | -0.95% | View data |
| 3 | 3 Germany | 10.65 | 2023 | +7.64% | +0.37% | View data |
| 4 | 4 Portugal | 5.47 | 2023 | +5.3% | +7.35% | View data |
| 5 | 5 Lithuania | 1.22 | 2023 | -2.46% | -4.4% | View data |
| 6 | 6 Romania | 0.81 | 2023 | +6.76% | +2.74% | View data |
| 7 | 7 Hungary | 0.43 | 2023 | +2.44% | -5.25% | View data |
| 8 | 8 Denmark | 0.39 | 2023 | -17.39% | -21.44% | View data |
| 9 | 9 Finland | 0.22 | 2023 | -18.52% | -13.72% | View data |
| 10 | 10 Bosnia and Herzegovina | 0.19 | 2023 | +11.76% | +13.7% | View data |
