Kyrgyzstan: Jewellery Market 2020

Jewellery Market Size in Kyrgyzstan

The revenue of the jewellery market in Kyrgyzstan amounted to $X in 2018, rising by X% against the previous year. In general, jewellery consumption, however, continues to indicate an abrupt downturn. The pace of growth was the most pronounced in 2013 when the market value increased by X% y-o-y. Over the period under review, the jewellery market reached its peak figure level at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Jewellery Production in Kyrgyzstan

In value terms, jewellery production totaled $X in 2018 estimated in export prices. Overall, jewellery production continues to indicate remarkable growth. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. Kyrgyzstan jewellery production peaked in 2018 and is likely to see steady growth in the immediate term.

Jewellery Exports

Exports from Kyrgyzstan

In 2018, the jewellery exports from Kyrgyzstan stood at X tons, increasing by X% against the previous year. In general, jewellery exports continue to indicate an extraordinary expansion. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Kyrgyzstan exports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, jewellery exports amounted to $X in 2018. In general, jewellery exports continue to indicate remarkable growth. The pace of growth appeared the most rapid in 2011 when exports increased by X% against the previous year. Over the period under review, jewellery exports attained their maximum at $X in 2012; however, from 2013 to 2018, exports failed to regain their momentum.

Exports by Country

Japan was the key exporter of jewellery in the world, with the volume of exports resulting at X tons, which was near X% of total exports in 2018. The U.S. (X tons) ranks second in terms of the total exports with a X% share, followed by Switzerland (X%). Italy (X tons), Thailand (X tons), Spain (X tons), India (X tons), the UK (X tons), Germany (X tons) and China (X tons) followed a long way behind the leaders.

Japan was also the fastest-growing in terms of the jewellery exports, with a CAGR of +X% from 2007 to 2018. At the same time, Switzerland (+X%), Spain (+X%), the U.S. (+X%) and Germany (+X%) displayed positive paces of growth. The UK experienced a relatively flat trend pattern. By contrast, Italy (-X%), Thailand (-X%), China (-X%) and India (-X%) illustrated a downward trend over the same period. Japan (+X p.p.), the U.S. (+X p.p.), Switzerland (+X p.p.) and Spain (+X p.p.) significantly strengthened its position in terms of the global exports, while China, Italy, Thailand and India saw its share reduced by -X%, -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest jewellery markets from Kyrgyzstan were India ($X), China ($X) and the U.S. ($X), with a combined X% share of total exports. Italy, Switzerland, the UK, Thailand, Japan, Germany, Spain and Kyrgyzstan lagged somewhat behind, together comprising a further X terms of the main exporting countries, Japan recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the jewellery export price in Kyrgyzstan amounted to $X per ton, shrinking by -X% against the previous year. Overall, the jewellery export price continues to indicate a drastic slump. The pace of growth appeared the most rapid in 2016 an increase of X% y-o-y. Over the period under review, the export prices for jewellery reached their peak figure at $X per ton in 2009; however, from 2010 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was China ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

Jewellery Imports

Imports into Kyrgyzstan

In 2018, the imports of jewellery into Kyrgyzstan amounted to X tons, picking up by X% against the previous year. Over the period under review, jewellery imports, however, continue to indicate a deep curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. Kyrgyzstan imports peaked at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, jewellery imports totaled $X in 2018. In general, jewellery imports, however, continue to indicate a conspicuous expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. In that year, jewellery imports attained their peak of $X. From 2015 to 2018, the growth of jewellery imports remained at a lower figure.

Imports by Country

Japan represented the key importing country with an import of about X tons, which resulted at X% of total imports. It was distantly followed by the UK (X tons), the United Arab Emirates (X tons) and Switzerland (X tons), together comprising a X% share of total imports. Canada (X tons), the U.S. (X tons), China, Hong Kong SAR (X tons), Sudan (X tons), Singapore (X tons), France (X tons) and Spain (X tons) held a minor share of total imports.

From 2007 to 2018, average annual rates of growth with regard to jewellery imports into Japan stood at +X%. At the same time, Sudan (+X%), Canada (+X%), Switzerland (+X%), Singapore (+X%), the United Arab Emirates (+X%), Spain (+X%), France (+X%), the UK (+X%) and China, Hong Kong SAR (+X%) displayed positive paces of growth. Moreover, Sudan emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, the U.S. (-X%) illustrated a downward trend over the same period. While the share of Japan (+X p.p.), the UK (+X p.p.), the United Arab Emirates (+X p.p.), Switzerland (+X p.p.), Canada (+X p.p.), Sudan (+X p.p.), Singapore (+X p.p.) and China, Hong Kong SAR (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of the U.S. (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest jewellery importing markets into Kyrgyzstan were China, Hong Kong SAR ($X), the United Arab Emirates ($X) and Switzerland ($X), together accounting for X% of total imports.

China, Hong Kong SAR experienced the highest rates of growth with regard to imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The jewellery import price in Kyrgyzstan stood at $X per ton in 2018, jumping by X% against the previous year. In general, the jewellery import price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 when the import price increased by X% y-o-y. Over the period under review, the import prices for jewellery attained their peak figure in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was China, Hong Kong SAR ($X per ton), while Sudan ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform