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Hungary - Jewelry - Market Analysis, Forecast, Size, Trends and Insights
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Hungary: Jewelry Market Overview 2020

Jewelry Market Size in Hungary

The market size of jewelry decreased by -X% in Hungary to $X for the second year in a row after three years of growth. Overall, jewelry consumption continues to indicate a measured contraction. The pace of growth was the most pronounced in 2015 when the market value increased by X% year-to-year. Jewelry consumption peaked at $X in 2007; however, from 2008 to 2019, consumption remained at a lower figure.

Jewelry Exports

Exports from Hungary

For the third consecutive year, Hungary recorded decline in exports of jewelry, which decreased by -X% to X kg in 2019. In general, jewelry exports showed a moderate decline. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2011; however, from 2012 to 2019, exports failed to regain their momentum.

In value terms, jewelry exports shrank remarkably to $X in 2019. Over the period under review, jewelry exports recorded a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. In that year, jewelry exports attained their peak of $X. From 2014 to 2019, the growth of jewelry exports failed to regain its momentum.

Exports by Country

Germany (X kg), Italy (X kg) and Croatia (X kg) were the main destinations of jewelry exports from Hungary, with a combined X% share of total exports.

From 2007 to 2018, the biggest increases were in Germany, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for jewelry exports from Hungary, comprising X% of total exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports. It was followed by Slovakia, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-X% per year) and Slovakia (+X% per year).

Jewelry Imports

Imports into Hungary

The imports of jewelry decreased by -X% into Hungary to X kg for the second consecutive year after three years of growth. Over the period under review, jewelry imports showed a deep decline. The pace of growth was the most pronounced in 2016 when imports increased by X% year-to-year. Over the period under review, jewelry imports hit record highs at X tonnes in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, jewelry imports contracted rapidly to $X in 2019. Over the period under review, jewelry imports showed significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2018, and then declined slightly in the following year.

Imports by Country

In 2018, Germany (X tonnes) constituted the largest supplier of jewelry to Hungary, with a X% share of total imports. Moreover, jewelry imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tonnes), threefold. Turkey (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Germany stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and Turkey (-X% per year).

In value terms, the largest jewelry suppliers to Hungary were Turkey ($X), Germany ($X) and Italy ($X), together accounting for X% of total imports. These countries were followed by China, Thailand, the Netherlands and Spain, which together accounted for a further X saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for jewelry in the world?
+
The countries with the highest volumes of jewelry consumption in 2019 were the UK (8.2K tonnes), China (5.8K tonnes) and the U.S. (3K tonnes), together accounting for 38% of global consumption. These countries were followed by India, China, Hong Kong SAR, Japan, Germany, Pakistan, Indonesia, Bangladesh, France and Nigeria, which together accounted for a further 24%.
What are the largest producers of jewelry in the world?
+
Japan (21K tonnes) remains the largest jewelry producing country worldwide, comprising approx. 40% of total volume. Moreover, jewelry production in Japan exceeded the figures recorded by the second-largest producer, China (6.3K tonnes), threefold. India (3.1K tonnes) ranked third in terms of total production with a 5.7% share.
What are the leading suppliers of jewelry to Hungary?
+
In value terms, the largest jewelry suppliers to Hungary were Turkey ($14M), Germany ($8.1M) and Italy ($8M), together comprising 76% of total imports. China, Thailand, the Netherlands and Spain lagged somewhat behind, together accounting for a further 2.2%.
What are the leading importers of jewelry from Hungary?
+
In value terms, Germany ($3.4M) remains the key foreign market for jewelry exports from Hungary, comprising 66% of total exports. The second position in the ranking was occupied by Italy ($249K), with a 4.8% share of total exports. It was followed by Slovakia, with a 1.5% share.
What is the average export price for jewelry in Hungary?
+
Hungary has no trade partners to describe.
What is the average import price for jewelry in Hungary?
+
Hungary has no trade partners to describe.

Product coverage:
• Prodcom 32121330 - Articles of jewellery and parts thereof of precious metal (including plated, clad)
• Prodcom 32121351 - Articles of goldsmiths
• Prodcom 32121353 - Articles of goldsmiths
• Prodcom 32121355 - Articles of goldsmiths

This report provides an in-depth analysis of the jewelry market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Hungary

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Hungary
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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