Bulgaria - Imitation Jewelry - Market Analysis, Forecast, Size, Trends and Insights

Bulgaria: Imitation Jewellery Market Overview 2020

Imitation Jewellery Market Size in Bulgaria

The revenue of the imitation jewellery market in Bulgaria amounted to $X in 2017, going up by X% against the previous year. In general, imitation jewellery consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008, when the market value increased by X% against the previous year. In that year, the imitation jewellery market reached its peak level of $X. From 2009 to 2017, the growth of the imitation jewellery market failed to regain its momentum.

Imitation Jewellery Production in Bulgaria

In value terms, imitation jewellery production stood at $X in 2017 estimated in export prices. Overall, imitation jewellery production continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2017, when the output figure increased by X% y-o-y. Imitation jewellery production peaked at $X in 2007; however, from 2008 to 2017, production stood at a somewhat lower figure.

Imitation Jewellery Exports

Exports from Bulgaria

In 2017, approx. X tonnes of imitation jewelry were exported from Bulgaria; shrinking by -X% against the previous year. Over the period under review, imitation jewellery exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2008, with an increase of X% y-o-y. Exports peaked at X tonnes in 2016, and then declined slightly in the following year.

In value terms, imitation jewellery exports amounted to $X in 2017. Overall, imitation jewellery exports, however, continue to indicate a remarkable growth. The most prominent rate of growth was recorded in 2008, when exports increased by X% year-to-year. Over the period under review, imitation jewellery exports attained their maximum at $X in 2013; however, from 2014 to 2017, exports stood at a somewhat lower figure.

Exports by Country

Greece (X tonnes), Australia (X tonnes) and Serbia (X tonnes) were the main destinations of imitation jewellery exports from Bulgaria, with a combined X% share of total exports. These countries were followed by the Netherlands, Russia, Italy, Germany, the U.S., Romania, Macedonia, Canada and Spain, which together accounted for a further X 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Canada, while the other leaders experienced more modest paces of growth.

In value terms, Greece ($X) emerged as the key foreign market for imitation jewellery exports from Bulgaria, comprising X% of total imitation jewellery exports. The second position in the ranking was occupied by Russia ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2007 to 2017, the average annual growth rate of value to Greece totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+X% per year) and Romania (+X% per year).

Export Prices by Country

In 2017, the average imitation jewellery export price amounted to $X per kg, picking up by X% against the previous year. In general, the imitation jewellery export price, however, continues to indicate a significant drop. The most prominent rate of growth was recorded in 2017, when the average export price increased by X% against the previous year. Over the period under review, the average export prices for imitation jewelry reached their peak figure at $X per kg in 2012; however, from 2013 to 2017, export prices stood at a somewhat lower figure.

There were significant differences in the average export prices for the major foreign markets. In 2017, the country with the highest export price was Romania ($X per kg), while the average price for exports to Serbia ($X per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Romania, while the export prices for the other major destinations experienced more modest paces of growth.

Imitation Jewellery Imports

Imports into Bulgaria

In 2017, approx. X tonnes of imitation jewelry were imported into Bulgaria; coming down by -X% against the previous year. Over the period under review, imitation jewellery imports continue to indicate a deep deduction. The most prominent rate of growth was recorded in 2016, with an increase of X% y-o-y. Over the period under review, imitation jewellery imports attained their maximum at X tonnes in 2007; however, from 2008 to 2017, imports stood at a somewhat lower figure.

In value terms, imitation jewellery imports totaled $X in 2017. Over the period under review, imitation jewellery imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, with an increase of X% y-o-y. In that year, imitation jewellery imports reached their peak of $X. From 2009 to 2017, the growth of imitation jewellery imports remained at a lower figure.

Imports by Country

In 2017, Austria (X tonnes) constituted the largest supplier of imitation jewellery to Bulgaria, accounting for a X% share of total imports. Moreover, imitation jewellery imports from Austria exceeded the figures recorded by the second largest supplier, China (X tonnes), twofold. Italy (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of volume from Austria stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Italy (+X% per year).

In value terms, Austria ($X) constituted the largest supplier of imitation jewellery to Bulgaria, comprising X% of total imitation jewellery imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Romania, with a X% share.

From 2007 to 2017, the average annual growth rate of value from Austria amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Romania (-X% per year).

Import Prices by Country

The average imitation jewellery import price stood at $X per kg in 2017, picking up by X% against the previous year. In general, the imitation jewellery import price continues to indicate a strong increase. The growth pace was the most rapid in 2008, when the average import price increased by X% year-to-year. Import price peaked at $X per kg in 2011; however, from 2012 to 2017, import prices stood at a somewhat lower figure.

There were significant differences in the average import prices amongst the major supplying countries. In 2017, the country with the highest import price was Germany ($X per kg), while the price for China ($X per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China, Hong Kong SAR, while the import prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform