Report Update Nov 1, 2024

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

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Bulgaria: Jewelry Market 2024

Jewelry Market Size in Bulgaria

The Bulgarian jewelry market surged to $X in 2022, picking up by 22% against the previous year. Over the period under review, consumption enjoyed a moderate increase. Jewelry consumption peaked in 2022 and is expected to retain growth in years to come.

Jewelry Production in Bulgaria

In value terms, jewelry production surged to $X in 2022 estimated in export price. In general, production, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 291% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Jewelry Exports

Exports from Bulgaria

In 2022, shipments abroad of jewelry decreased by -49% to X tons, falling for the second year in a row after two years of growth. Overall, exports saw a deep contraction. The growth pace was the most rapid in 2016 when exports increased by 55%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, jewelry exports soared to $X in 2022. In general, exports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 80% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The Netherlands (X kg), Poland (X kg) and Germany (X kg) were the main destinations of jewelry exports from Bulgaria, together comprising 44% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +192.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Turkey ($X) and the Netherlands ($X) appeared to be the largest markets for jewelry exported from Bulgaria worldwide, with a combined 29% share of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +396.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average jewelry export price stood at $X per kg in 2022, jumping by 189% against the previous year. Overall, the export price enjoyed a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+69.6%), while the prices for the other major destinations experienced more modest paces of growth.

Jewelry Imports

Imports into Bulgaria

For the third consecutive year, Bulgaria recorded growth in supplies from abroad of jewelry, which increased by 86% to X tons in 2022. Over the period under review, imports enjoyed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, jewelry imports skyrocketed to $X in 2022. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 100% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Turkey (X tons) constituted the largest jewelry supplier to Bulgaria, accounting for a 56% share of total imports. Moreover, jewelry imports from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Poland (X tons) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+44.4% per year) and Poland (+33.8% per year).

In value terms, Turkey ($X) constituted the largest supplier of jewelry to Bulgaria, comprising 68% of total imports. The second position in the ranking was held by Poland ($X), with a 7.9% share of total imports. It was followed by France, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey totaled +28.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+38.3% per year) and France (+20.8% per year).

Import Prices by Country

The average jewelry import price stood at $X per kg in 2022, declining by -34.4% against the previous year. In general, the import price, however, showed a tangible expansion. The pace of growth appeared the most rapid in 2013 an increase of 99% against the previous year. The import price peaked at $X per kg in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per kg), while the price for Portugal ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+51.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for jewelry in the world?

The countries with the highest volumes of in 2021 were the United States, China and India, with a combined 29% share of global consumption.

What are the largest producers of jewelry in the world?

Thailand constituted the country with the largest volume of jewelry production, comprising approx. 47% of total volume. Moreover, jewelry production in Thailand exceeded the figures recorded by the second-largest producer, China, fourfold. India ranked third in terms of total production with a 5.9% share.

What are the leading suppliers of jewelry to Bulgaria?

In value terms, Turkey constituted the largest supplier of jewelry to Bulgaria, comprising 66% of total imports. The second position in the ranking was occupied by Poland, with an 8.3% share of total imports. It was followed by Italy, with a 1.9% share.

What are the leading importers of jewelry from Bulgaria?

In value terms, France emerged as the key foreign market for jewelry exports from Bulgaria, comprising 27% of total exports. The second position in the ranking was occupied by Estonia, with a 12% share of total exports. It was followed by Turkey, with a 10% share.

What is the average export price for jewelry in Bulgaria?

The average jewelry export price stood at $18,625 per kg in 2021, rising by 112% against the previous year.

What is the average import price for jewelry in Bulgaria?

The average jewelry import price stood at $4,275 per kg in 2021, dropping by -37.6% against the previous year.

This report provides an in-depth analysis of the jewelry market in Bulgaria. 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 2030.

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

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023