Belarus: Market for Cultured Pearls, Precious Or Semi-Precious Stones 2024

Market Size for Cultured Pearls, Precious Or Semi-Precious Stones in Belarus

The Belarusian precious stone and pearl market dropped to $X in 2022, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a noticeable downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Belarus

In 2022, approx. X tons of cultured pearls, precious or semi-precious stones were exported from Belarus; waning by -7.6% against the previous year's figure. In general, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by 97% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, precious stone and pearl exports declined to $X in 2022. Over the period under review, exports recorded a abrupt decline. The growth pace was the most rapid in 2014 when exports increased by 112% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Belgium (X tons) was the main destination for precious stone and pearl exports from Belarus, accounting for a 44% share of total exports. Moreover, precious stone and pearl exports to Belgium exceeded the volume sent to the second major destination, the UK (X tons), fourfold. The third position in this ranking was taken by Russia (X kg), with a 1.4% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium amounted to +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+50.2% per year) and Russia (-43.7% per year).

In value terms, Belgium ($X) emerged as the key foreign market for cultured pearls, precious or semi-precious stones exports from Belarus, comprising 44% of total exports. The second position in the ranking was held by Russia ($X), with a 7.4% share of total exports. It was followed by the UK, with a 0.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-22.0% per year) and the UK (-14.1% per year).

Export Prices by Country

The average precious stone and pearl export price stood at $X per ton in 2022, which is down by -2.2% against the previous year. Over the period under review, the export price, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 an increase of 245% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 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 China ($X per ton), while the average price for exports to the UK ($X 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 Russia (+38.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports into Belarus

Precious stone and pearl imports into Belarus shrank to X tons in 2022, flattening at the previous year's figure. Overall, imports showed a pronounced setback. The most prominent rate of growth was recorded in 2013 when imports increased by 253% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, precious stone and pearl imports totaled $X in 2022. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 261%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of precious stone and pearl to Belarus, accounting for a 73% share of total imports. Moreover, precious stone and pearl imports from Russia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia stood at +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-1.7% per year) and Poland (-4.1% per year).

In value terms, Russia ($X) constituted the largest supplier of cultured pearls, precious or semi-precious stones to Belarus, comprising 36% of total imports. The second position in the ranking was held by Turkey ($X), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Russia amounted to +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-30.2% per year) and Poland (-32.9% per year).

Import Prices by Country

In 2022, the average precious stone and pearl import price amounted to $X per ton, growing by 1.6% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2016 when the average import price increased by 484%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained 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 Russia ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+76.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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