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Belarus - Jewelry - Market Analysis, Forecast, Size, Trends and Insights
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Belarus: Jewelry Market Overview 2021

Jewelry Market Size in Belarus

In 2020, the Belarusian jewelry market decreased by -X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, posted a buoyant increase. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Jewelry Production in Belarus

In value terms, jewelry production surged to $X in 2020 estimated in export prices. Overall, production showed a resilient expansion. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, production attained the maximum level in 2020 and is expected to retain growth in years to come.

Jewelry Exports

Exports from Belarus

In 2020, exports of jewelry from Belarus reduced sharply to X kg, shrinking by -X% on 2019 figures. Over the period under review, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2014 when exports increased by X% y-o-y. As a result, exports attained the peak of X kg. from 2015 to 2020, the growth exports remained at a lower figure.

In value terms, jewelry exports shrank sharply to $X in 2020. In general, exports enjoyed mild growth. The pace of growth appeared the most rapid in 2019 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2014; however, from 2015 to 2020, exports remained at a lower figure.

Exports by Country

Latvia (X kg), Russia (X kg) and Estonia (X kg) were the main destinations of jewelry exports from Belarus, together accounting for X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X) emerged as the key foreign market for jewelry exports from Belarus, comprising X% of total exports. The second position in the ranking was occupied by Estonia ($X), with a X% share of total exports. It was followed by Lithuania, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Latvia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-X% per year) and Lithuania (-X% per year).

Export Prices by Country

The average jewelry export price stood at $X per kg in 2020, growing by X% against the previous year. Over the period under review, the export price posted a significant expansion. The growth pace was the most rapid in 2010 when the average export price increased by X% y-o-y. The export price peaked at $X per kg in 2015; however, from 2016 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Latvia ($X per kg), while the average price for exports to the Czech Republic ($X per kg) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Latvia, while the prices for the other major destinations experienced more modest paces of growth.

Jewelry Imports

Imports into Belarus

After four years of growth, overseas purchases of jewelry decreased by -X% to X tonnes in 2020. In general, imports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X tonnes in 2019, and then declined markedly in the following year.

In value terms, jewelry imports expanded sharply to $X in 2020. Overall, imports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Imports peaked at $X in 2013; however, from 2014 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Armenia (X tonnes) constituted the largest supplier of jewelry to Belarus, with a X% share of total imports. Moreover, jewelry imports from Armenia exceeded the figures recorded by the second-largest supplier, Italy (X tonnes), twofold. The third position in this ranking was occupied by Turkey (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Armenia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Turkey (+X% per year).

In value terms, Turkey ($X), Italy ($X) and Armenia ($X) were the largest jewelry suppliers to Belarus, with a combined X% share of total imports. Russia, Ukraine and Lithuania lagged somewhat behind, together comprising a further X the main suppliers, Lithuania saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average jewelry import price amounted to $X per kg, increasing by X% against the previous year. Over the period under review, the import price showed a modest increase. The import price peaked at $X per kg in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Turkey ($X per kg), while the price for Lithuania ($X per kg) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Turkey, 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 jewelry consumption in 2020 were China (4.5K tonnes), the UK (4K tonnes) and the United Arab Emirates (2.8K tonnes), together accounting for 35% of global consumption.
What are the largest producers of jewelry in the world?
+
The countries with the highest volumes of jewelry production in 2020 were China (5K tonnes), India (2.5K tonnes) and Italy (1.6K tonnes), together accounting for 36% of global production. These countries were followed by Thailand, Indonesia, Pakistan, Japan, Bangladesh, Mexico, Brazil, Turkey, the U.S. and Ethiopia, which together accounted for a further 26%.
What are the leading suppliers of jewelry to Belarus?
+
In value terms, Turkey ($8M), Italy ($5.5M) and Armenia ($1.7M) were the largest jewelry suppliers to Belarus, together comprising 91% of total imports. Russia, Ukraine and Lithuania lagged somewhat behind, together accounting for a further 7.6%.
What are the leading importers of jewelry from Belarus?
+
In value terms, Latvia ($354K) emerged as the key foreign market for jewelry exports from Belarus, comprising 81% of total exports. The second position in the ranking was occupied by Estonia ($33K), with a 7.5% share of total exports. It was followed by Lithuania, with a 6% share.
What is the average export price for jewelry in Belarus?
+
In 2020, the average jewelry export price amounted to $26,847 per kg, picking up by 27% against the previous year.
What is the average import price for jewelry in Belarus?
+
In 2020, the average jewelry import price amounted to $2,247 per kg, surging by 577% against the previous year.

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

This report provides an in-depth analysis of the jewelry market in Belarus. 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 2025.


Country coverage:
• Belarus

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Belarus
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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