Bulgaria: Imitation Jewellery Market 2022

Imitation Jewellery Market Size in Bulgaria

In 2020, the Bulgarian imitation jewellery market increased by X% to $X, rising for the fourth consecutive year after three years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the market value increased by X% against the previous year. Imitation jewellery consumption peaked at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Imitation Jewellery Production in Bulgaria

In value terms, imitation jewellery production fell sharply to $X in 2020 estimated in export prices. In general, production showed a abrupt decline. The pace of growth appeared the most rapid in 2017 with a decrease of -X% y-o-y. Imitation jewellery production peaked at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Imitation Jewellery Exports

Exports from Bulgaria

In 2020, the amount of imitation jewellery exported from Bulgaria reduced dramatically to X tons, which is down by -X% against the year before. Overall, exports faced a deep slump. The most prominent rate of growth was recorded in 2014 when exports increased by X% y-o-y. As a result, exports attained the peak of X tons. from 2015 to 2020, the growth exports failed to regain the momentum.

In value terms, imitation jewellery exports contracted rapidly to $X in 2020. In general, exports faced a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. As a result, exports reached the peak of $X. from 2015 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

North Macedonia (X tons), Poland (X tons) and Romania (X tons) were the main destinations of imitation jewellery exports from Bulgaria, 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 Poland, while exports for the other leaders experienced more modest paces of growth.

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

From 2007 to 2020, the average annual rate of growth in terms of value to Italy totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+X% per year) and North Macedonia (-X% per year).

Export Prices by Country

In 2020, the average imitation jewellery export price amounted to $X per ton, which is down by -X% against the previous year. In general, the export price, however, recorded a moderate increase. The growth pace was the most rapid in 2012 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per ton. from 2013 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Italy ($X per ton), while the average price for exports to Kosovo ($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 the Czech Republic, while the prices for the other major destinations experienced more modest paces of growth.

Imitation Jewellery Imports

Imports into Bulgaria

In 2020, imports of imitation jewellery into Bulgaria skyrocketed to X tons, increasing by X% compared with the previous year. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X% y-o-y. Imports peaked at X tons in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

In value terms, imitation jewellery imports stood at $X in 2020. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when imports increased by X% year-to-year. As a result, imports reached the peak of $X. from 2009 to 2020, the growth imports failed to regain the momentum.

Imports by Country

Greece (X tons), China (X tons) and France (X tons) were the main suppliers of imitation jewellery imports to Bulgaria, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in Greece, while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest imitation jewellery suppliers to Bulgaria were France ($X), Greece ($X) and China ($X), together accounting for X% of total imports.

In terms of the main suppliers, France recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2020, the average imitation jewellery import price amounted to $X per ton, shrinking by -X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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