Report Update Nov 1, 2024

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

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Romania: Jewelry Market 2024

Jewelry Market Size in Romania

The Romanian jewelry market skyrocketed to $X in 2021, increasing by 101% against the previous year. In general, consumption, however, recorded a pronounced descent. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Jewelry Production in Romania

In value terms, jewelry production expanded markedly to $X in 2021 estimated in export price. Overall, production, however, showed a noticeable decrease. The pace of growth was the most pronounced in 2019 with an increase of 11% against the previous year. Jewelry production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Jewelry Exports

Exports from Romania

In 2019, jewelry exports from Romania skyrocketed to X tons, rising by 24% compared with the previous year. Overall, total exports indicated a strong expansion from 2012 to 2019: its volume increased at an average annual rate of +8.5% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 24%. The exports peaked in 2019 and are likely to continue growth in the immediate term.

In value terms, jewelry exports skyrocketed to $X in 2019. Over the period under review, exports, however, saw a slight setback. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2019, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for jewelry exports from Romania, accounting for a approx. 98% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to Italy stood at +8.6%.

In value terms, Italy ($X) also remains the key foreign market for jewelry exports from Romania.

From 2012 to 2019, the average annual rate of growth in terms of value to Italy amounted to -1.7%.

Export Prices by Country

In 2019, the average jewelry export price amounted to $X per ton, shrinking by -3.1% against the previous year. In general, the export price saw a abrupt slump. The pace of growth was the most pronounced in 2016 an increase of 6.8% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2019, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Italy.

From 2012 to 2019, the rate of growth in terms of prices for Italy amounted to -9.5% per year.

Jewelry Imports

Imports into Romania

After two years of decline, purchases abroad of jewelry increased by 23% to X tons in 2019. Over the period under review, total imports indicated a prominent expansion from 2012 to 2019: its volume increased at an average annual rate of +10.2% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, jewelry imports soared to $X in 2019. In general, imports showed resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by 24%. Over the period under review, imports attained the maximum in 2019 and are likely to continue growth in the immediate term.

Imports by Country

In 2019, Italy (X tons) constituted the largest supplier of jewelry to Romania, with a 81% share of total imports. Moreover, jewelry imports from Italy exceeded the figures recorded by the second-largest supplier, Turkey (X tons), tenfold. Germany (X tons) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2019, the average annual rate of growth in terms of volume from Italy amounted to +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+20.8% per year) and Germany (+8.6% per year).

In value terms, the largest jewelry suppliers to Romania were Italy ($X), Turkey ($X) and Germany ($X), together comprising 85% of total imports.

Germany, with a CAGR of +40.7%, recorded 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

The average jewelry import price stood at $X per ton in 2019, declining by -4.9% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 18%. The import price peaked at $X per ton in 2018, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Turkey ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Germany (+29.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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?

The country with the largest volume of jewelry production was Thailand, 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 Romania?

In value terms, Italy, Turkey and Germany constituted the largest jewelry suppliers to Romania, with a combined 86% share of total imports.

What is the average export price for jewelry in Romania?

The average jewelry export price stood at $583,186 per ton in 2021, approximately mirroring the previous year.

What is the average import price for jewelry in Romania?

In 2021, the average jewelry import price amounted to $1,214,820 per ton, flattening at the previous year.

This report provides an in-depth analysis of the jewelry market in Romania. 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:

Romania

Data coverage:

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