60% of Romanians are willing to buy a refurbished smartphone

Recommerce©, a European leader in the trade-in and refurbishment of high-tech devices, presents the results of its third annual survey, The Second-Hand Cell Phone Market, conducted by KANTAR in over 12 European countries, including Romania.

As the refurbishment market continues to expand, with more than 309 million refurbished smartphones sold worldwide in 2023 according to IDC, Recommerce© releases its findings on the second-hand market and consumer habits in Romania, as well as the major trends forecast for this sector.

Romanians are among the most eager Europeans to buy a refurbished smartphone – a demand primarily driven by the desire to save money.

In 2023, 3% of Romanians purchased a refurbished device. The size of the refurbished smartphone market is on the rise locally, with more than 60% of Romanians expressing interest in buying a refurbished handset.

The main incentive for Romanians to purchase a refurbished smartphone is cost, cited by 70% of consumers — an increase of 2 points compared to 2022.

This trend is consistent across Europe, with an average of 67% of consumers mentioning lower prices, amid the context of rising inflation. Meanwhile, the desire for high-end models is cited by 40% of consumers (+5%), and still outweighs environmental considerations.

Against this economic backdrop, with the latest models costing up to €1,000, refurbished phones are a budget-friendly option, with prices up to 50% lower than for new devices, on average.

In Romania, eco-consciousness is a growing trend, with over 30% of consumers (+3 points) aiming to have a positive environmental impact while purchasing a product.

Online platforms remain the predominant choice for purchasing refurbished smartphones, favored by 80% of consumers, the highest rate across European countries. More consumers – 44% – are choosing to buy from telecom operators, an increase of 5 points.

More Romanians intend to resell their used smartphone rather than keep it

With inflation and purchasing power hot topics, Romanians are increasingly aware of the option to resell their smartphones. A significant 35% of respondents voiced the intention to resell their current mobile handset, marking an 8 points increase in 2023 on the year before.

The proportion of Romanian consumers planning to keep their old phone for future needs has dropped to 28%, a decrease of 3 points. This shift indicates a unique trend among Romanians, mirroring behaviors seen in more mature markets such as France, where the propensity to resell smartphones exceeds the tendency to hold onto them for potential need — a contrast to the prevailing sentiment in the other surveyed countries, where 39% of consumers, on average, prefer to hold onto their smartphones as a precaution.