Lithuania: Jewellery Market 2020

Jewellery Market Size in Lithuania

The revenue of the jewellery market in Lithuania amounted to $X in 2018, waning by -X% against the previous year. Overall, jewellery consumption continues to indicate an abrupt shrinkage. The pace of growth appeared the most rapid in 2008 when the market value increased by X% year-to-year. In that year, the jewellery market reached its peak level of $X. From 2009 to 2018, the growth of the jewellery market failed to regain its momentum.

Jewellery Production in Lithuania

In value terms, jewellery production totaled $X in 2018 estimated in export prices. Over the period under review, jewellery production, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2008 when production volume increased by X% year-to-year. Lithuania jewellery production peaked at $X in 2013; however, from 2014 to 2018, production remained at a lower figure.

Jewellery Exports

Exports from Lithuania

In 2018, the jewellery exports from Lithuania stood at X tons, shrinking by -X% against the previous year. Overall, the total exports indicated a remarkable expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, jewellery exports decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, jewellery exports attained their peak figure at X tons in 2013; however, from 2014 to 2018, exports remained at a lower figure.

In value terms, jewellery exports totaled $X in 2018. Over the period under review, jewellery exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Lithuania exports peaked at $X in 2012; however, from 2013 to 2018, exports failed to regain their momentum.

Exports by Country

Japan was the largest exporting country with an export of around X tons, which recorded X% of total exports. The U.S. (X tons) occupied the second position in the ranking, followed by Switzerland (X tons). All these countries together occupied near X% share of total exports. 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. While the share of Japan (+X p.p.), the U.S. (+X p.p.), Switzerland (+X p.p.) and Spain (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of China (-X p.p.), Italy (-X p.p.), Thailand (-X p.p.) and India (-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 markets from Lithuania were India ($X), China ($X) and the U.S. ($X), together comprising X% of total exports. Italy, Switzerland, the UK, Thailand, Japan, Germany, Spain and Lithuania lagged somewhat behind, together comprising a further X experienced the highest rates of growth with regard to exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The jewellery export price in Lithuania stood at $X per ton in 2018, picking up by X% against the previous year. In general, the export price indicated prominent growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, jewellery export price increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2011 when the export price increased by X% year-to-year. Over the period under review, the export prices for jewellery reached their maximum in 2018 and is likely to see steady growth in the near future.

Prices varied noticeably by the country of origin; 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 Lithuania

Jewellery imports into Lithuania amounted to X tons in 2018, stabilizing at the previous year. Overall, jewellery imports, however, continue to indicate an abrupt contraction. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. Lithuania imports peaked at X tons in 2008; however, from 2009 to 2018, imports remained at a lower figure.

In value terms, jewellery imports totaled $X in 2018. Over the period under review, jewellery imports, however, continue to indicate a measured deduction. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Over the period under review, jewellery imports reached their maximum at $X in 2011; however, from 2012 to 2018, imports remained at a lower figure.

Imports by Country

Japan was the main importer of jewellery in the world, with the volume of imports finishing at X tons, which was near X% of total imports in 2018. The UK (X tons) held a X% share (based on tons) of total imports, which put it in second place, followed by the United Arab Emirates (X%) and Switzerland (X%). 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) took a relatively small share of total imports.

Imports into Japan increased at an average annual rate of +X% from 2007 to 2018. 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, China, Hong Kong SAR ($X), the United Arab Emirates ($X) and Switzerland ($X) were the countries with the highest levels of imports in 2018, together accounting for X% of total imports.

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

Import Prices by Country

In 2018, the jewellery import price in Lithuania amounted to $X per ton, coming down by -X% against the previous year. In general, the jewellery import price, however, continues to indicate remarkable growth. The pace of growth appeared the most rapid in 2008 when the import price increased by X% against the previous year. Lithuania import price peaked at $X per ton in 2011; however, from 2012 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; 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