Key Market Indicators
Hungarian Jewelry Export is projected to reach approximately €18 million by 2028, up from €11 million in 2023, with an annual growth rate of 8.3%. Since 2009, the country's jewelry supply has seen an annual increase of 14.5%. In 2023, Hungary ranked 22nd in global jewelry exports, with Croatia surpassing it at €11 million. Italy, the United Kingdom, and France held the second, third, and fourth positions respectively. On the import front, Hungary's jewelry imports are expected to hit around €64 million by 2028, up from €51 million in 2023, growing at an average annual rate of 3.7%. Since 2009, the country's demand for jewelry has risen by 8.8% annually. In 2023, Hungary was the 19th largest importer, with Bulgaria slightly ahead at €51 million. The United Kingdom, France, and Italy occupied the second, third, and fourth ranks respectively. Hungarian Jewelry Sales are forecasted to reach €22.6 million by 2028, up from €21.1 million in 2023, growing at a compound annual growth rate (CAGR) of 1.1%. However, since 2013, the Hungarian market has experienced a decline of 1.8% annually. Additionally, Hungary's jewelry market is expected to grow to €25.3 million by 2028, from €22.6 million in 2023, reflecting an average annual growth rate of 1.8%. Since 2015, the market has seen a slight annual decline of 0.4%.
