Hungary: Imitation Jewellery Market 2022

Imitation Jewellery Market Size in Hungary

The Hungarian imitation jewellery market declined notably to $X in 2020, with a decrease of -X% against the previous year. Over the period under review, consumption continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. from 2009 to 2020, the growth of the market remained at a lower figure.

Imitation Jewellery Production in Hungary

In value terms, imitation jewellery production shrank slightly to $X in 2020 estimated in export prices. Overall, production continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. As a result, production attained the peak level of $X. from 2012 to 2020, production growth remained at a somewhat lower figure.

Imitation Jewellery Exports

Exports from Hungary

In 2020, approx. X tons of imitation jewellery were exported from Hungary; rising by X% on the previous year's figure. In general, exports continue to indicate a strong expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, imitation jewellery exports skyrocketed to $X in 2020. Overall, exports enjoyed perceptible growth. The pace of growth appeared the most rapid in 2011 when exports increased by X% against the previous year. Exports peaked in 2020 and are likely to see steady growth in the immediate term.

Exports by Country

Iraq (X tons), the Czech Republic (X tons) and Croatia (X tons) were the main destinations of imitation jewellery exports from Hungary, together comprising X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Slovakia ($X) and Croatia ($X) were the largest markets for imitation jewellery exported from Hungary worldwide, together accounting for X% of total exports. These countries were followed by Iraq, Bulgaria, Italy and Romania, which together accounted for a further X (+X% per year) saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average imitation jewellery export price stood at $X per ton in 2020, reducing by -X% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2010 when the average export price increased by X% against the previous year. As a result, export price attained the peak level of $X per ton. from 2011 to 2020, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Italy ($X per ton), while the average price for exports to Iraq ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Italy, while the prices for the other major destinations experienced a decline.

Imitation Jewellery Imports

Imports into Hungary

In 2020, purchases abroad of imitation jewellery decreased by -X% to X tons for the first time since 2016, thus ending a three-year rising trend. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% year-to-year. As a result, imports attained the peak of X tons, and then fell markedly in the following year.

In value terms, imitation jewellery imports fell significantly to $X in 2020. In general, imports, however, continue to indicate a mild descent. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Imports peaked at $X in 2016; however, from 2017 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest supplier of imitation jewellery to Hungary, accounting for a X% share of total imports. Moreover, imitation jewellery imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold.

From 2007 to 2020, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Poland (+X% per year).

In value terms, the largest imitation jewellery suppliers to Hungary were China ($X), Germany ($X) and Poland ($X), with a combined X% share of total imports.

Among the main suppliers, China saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average imitation jewellery import price stood at $X per ton in 2020, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild setback. The import price peaked at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

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Source: IndexBox Platform

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