Russian Federation - Jewelry - Market Analysis, Forecast, Size, Trends and Insights
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View PricingJewelry Price in Russia - 2022
Contents:
- Jewelry Price in Russia (CIF) - 2022
- Jewelry Price in Russia (FOB) - 2022
- Jewelry Imports in Russia
- Jewelry Exports in Russia
Jewelry Price in Russia (CIF) - 2022
In 2022, the average jewelry import price amounted to $2,476,964 per ton, falling by -20.2% against the previous year. In general, the import price showed a abrupt setback. The pace of growth was the most pronounced in 2017 when the average import price increased by 38%. Over the period under review, average import prices hit record highs at $7,217,522 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($10,877,004 per ton), while the price for Armenia ($610,489 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+18.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Jewelry Price in Russia (FOB) - 2022
In 2022, the average jewelry export price amounted to $2,133,182 per ton, rising by 17% against the previous year. Overall, the export price, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by 99%. The export price peaked at $8,570,488 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($12,326,387 per ton), while the average price for exports to Armenia ($366,410 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+4.9%), while the prices for the other major destinations experienced a decline.
Jewelry Imports in Russia
Jewelry imports into Russia expanded modestly to 118 tons in 2022, increasing by 2.8% against 2021. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +7.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 68%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, jewelry imports declined markedly to $292M in 2022. Over the period under review, imports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 56%. As a result, imports reached the peak of $356M, and then contracted markedly in the following year.
| Import of Jewelry in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 24.5 | 11.9 | 19.2 | 61.5 | 35.9% |
| Thailand | 34.8 | 24.3 | 33.2 | 48.9 | 12.0% |
| Armenia | 5.6 | 1.1 | 0.9 | 35.7 | 85.4% |
| Hong Kong SAR | 21.0 | 13.8 | 15.6 | 11.8 | -17.5% |
| Italy | 40.6 | 26.5 | 40.8 | 10.0 | -37.3% |
| France | 14.5 | 12.8 | 16.8 | 8.7 | -15.7% |
| China | 36.8 | 31.1 | 40.2 | 8.2 | -39.4% |
| Others | 164 | 107 | 189 | 107 | -13.3% |
| Total | 342 | 228 | 356 | 292 | -5.1% |
Top Suppliers of Jewelry to Russia in 2022:
- Armenia (58.5 tons)
- Thailand (15.3 tons)
- China (9.3 tons)
- Italy (6.7 tons)
- Turkey (5.7 tons)
- Hong Kong SAR (4.1 tons)
- France (3.9 tons)
Jewelry Exports in Russia
In 2022, the amount of jewelry exported from Russia contracted dramatically to 55 tons, dropping by -30.6% on 2021. Over the period under review, exports, however, continue to indicate a tangible expansion. The growth pace was the most rapid in 2021 with an increase of 146%. As a result, the exports reached the peak of 80 tons, and then fell sharply in the following year.
In value terms, jewelry exports declined dramatically to $118M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +5.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.9% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 58%. As a result, the exports reached the peak of $145M, and then shrank notably in the following year.
| Export of Jewelry in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 37.3 | 26.3 | 32.8 | 47.3 | 8.2% |
| Kazakhstan | 38.7 | 38.9 | 66.3 | 34.4 | -3.9% |
| Armenia | 0.1 | 0.5 | 1.1 | 9.4 | 354.7% |
| Others | 23.8 | 25.7 | 44.4 | 26.9 | 4.2% |
| Total | 99.9 | 91.5 | 145 | 118 | 5.7% |
Top Export Markets for Jewelry from Russia in 2022:
- Armenia (25.7 tons)
- Belarus (24.6 tons)
- Kazakhstan (2.8 tons)
This report provides an in-depth analysis of the jewelry market in the Russian Federation. 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:
- Russia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Russian Federation
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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