Central Asia: Bracelet Market 2024

Bracelet Market Size in Central Asia

The Central Asian bracelet market surged to $X in 2022, rising by 57% against the previous year. The total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +117.0% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Bracelet Production in Central Asia

In value terms, bracelet production dropped slightly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 69%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Bracelet Exports

Exports in Central Asia

In 2022, overseas shipments of watch straps, bands and bracelets increased by 264% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports enjoyed notable growth. The most prominent rate of growth was recorded in 2017 when exports increased by 1,194% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, bracelet exports skyrocketed to $X in 2022. In general, exports, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2017 when exports increased by 1,011%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Kazakhstan dominates exports structure, resulting at X units, which was near 97% of total exports in 2022. Kyrgyzstan (X units) followed a long way behind the leaders.

Exports from Kazakhstan increased at an average annual rate of +6.6% from 2012 to 2022. At the same time, Kyrgyzstan (+14.5%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +14.5% from 2012-2022. Kazakhstan (+23 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) remains the largest bracelet supplier in Central Asia, comprising 69% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 31% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan amounted to -6.4%.

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2022, which is down by -38% against the previous year. In general, the export price showed a deep downturn. The pace of growth was the most pronounced in 2016 an increase of 89%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per unit), while Kazakhstan totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+21.5%).

Bracelet Imports

Imports in Central Asia

In 2022, the amount of watch straps, bands and bracelets imported in Central Asia soared to X units, rising by 119% on the previous year. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 465% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, bracelet imports surged to $X in 2022. In general, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Kazakhstan dominates imports structure, recording X units, which was near 97% of total imports in 2022. Kyrgyzstan (X units) held a little share of total imports.

Kazakhstan was also the fastest-growing in terms of the watch straps, bands and bracelets imports, with a CAGR of +50.4% from 2012 to 2022. At the same time, Kyrgyzstan (+4.2%) displayed positive paces of growth. While the share of Kazakhstan (+63 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kyrgyzstan (-29 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) constitutes the largest market for imported watch straps, bands and bracelets in Central Asia, comprising 96% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 1.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan stood at +18.4%.

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per unit, with an increase of 5.6% against the previous year. In general, the import price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of 228%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per unit), while Kyrgyzstan totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+5.7%).

Source: IndexBox Platform

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