Jewelry Market Overview in Kyrgyzstan
In value terms, jewelry production dropped to $ in 2019 estimated in export prices. Over the period under review, production, however, saw prominent growth. The pace of growth was the most pronounced in 2017 when the production volume increased by % year-to-year. As a result, production reached the peak level of $. From 2018 to 2019, production growth failed to regain the momentum.
The value of the jewelry market in Kyrgyzstan skyrocketed to $ in 2019, surging by % against 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). Overall, consumption recorded a buoyant increase. Over the period under review, the market attained the peak level at $ in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.