Hungary: Imitation Jewellery Market 2024

Imitation Jewellery Market Size in Hungary

In 2022, the Hungarian imitation jewellery market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Imitation Jewellery Production in Hungary

In value terms, imitation jewellery production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a precipitous decrease. The growth pace was the most rapid in 2021 when the production volume increased by X%. Imitation jewellery production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Imitation Jewellery Exports

Exports from Hungary

In 2022, overseas shipments of imitation jewelry increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, imitation jewellery exports soared to $X in 2022. Over the period under review, exports posted a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Iraq (X tons), the United States (X tons) and Romania (X tons) were the main destinations of imitation jewellery exports from Hungary, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for imitation jewelry exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Romania ($X), with a X% share of total exports. It was followed by Slovakia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Slovakia (X% per year).

Export Prices by Country

In 2022, the average imitation jewellery export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, saw a pronounced descent. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (X%), while the prices for the other major destinations experienced a decline.

Imitation Jewellery Imports

Imports into Hungary

In 2022, supplies from abroad of imitation jewelry was finally on the rise to reach X tons after four years of decline. In general, imports posted a temperate increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imitation jewellery imports skyrocketed to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of imitation jewellery imports to Hungary, with a combined X% share of total imports. Italy, Spain, Slovakia and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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.

China, with a CAGR of X%, saw the highest growth rate of 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.

Import Prices by Country

In 2022, the average imitation jewellery import price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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