Import of imitation jewellery to the UAE experienced fluctuations from 2013 to 2023, standing at 31.156 million USD in 2023. The series shows notable dips in 2015 and 2020 with subsequent recoveries, peaking again in 2017 and maintaining a relatively stable trend from 2019 onward. Year-on-year variations highlight significant drops in 2015 (-17.43%) and 2016 (-21.26%), and a notable rise in 2017 (55.58%). The compounded annual growth rate (CAGR) was 1.77% in 2018, dropping to -0.99% by 2023.
Future trends to watch for include:
- Forecasted annual declines, averaging -0.08% CAGR from 2024 to 2028.
- Overall slight decrease of -0.38% over the next five years.
- Potential impacts from global economic conditions, consumer preferences, and shifts in demand for imitation versus real jewellery.