Watches & Jewelry - Belarus

  • Belarus
  • In Belarus, the revenue generated in the Watches & Jewelry market is €168.30m in 2025.
  • Looking ahead, the market is projected to grow annually by 4.26% (CAGR 2025-2029).
  • When comparing globally, in China leads the way with revenue amounting to €128bn in 2025.
  • In terms of per capita revenue, in Belarus generates €17.88 per person in 2025.
  • It is worth noting that by 2025, 83% of sales in the Watches & Jewelry market will be attributed to Non-Luxury.
  • Belarus has witnessed a growing trend of luxury watch collectors, with an increasing demand for Swiss-made timepieces.

Key regions: Europe, Worldwide, France, Canada, United Kingdom

Marché
Région
Comparaison de régions
Monnaie

Revenue

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Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Sep 2024

Source: Statista Market Insights

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Most recent update: Sep 2024

Source: Statista Market Insights

Consumer

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Watches & Jewelry: market data & analysis - Background Watches & Jewelry: market data & analysis - Cover

Key Players

in percent

2022
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Most recent update: May 2024

Source: Statista Market Insights

Sales Channels

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Most recent update: Mar 2024

Source: Statista Market Insights

Product Types

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Most recent update: Dec 2024

Source: Statista Market Insights

Global Comparison

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Most recent update: Sep 2024

Source: Statista Market Insights

Methodology

Data coverage:

The data encompasses B2C enterprises. The figures are based on consumer spending on accessories that comprise of Watches & Jewelry and Luggage & Bags that are produced for private end customers for both offline retail and online retail.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, market data from independent databases and third-party sources, historical developments, current trends, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Accessories market with projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).

Key Market Indicators

The following Key Market Indicators give an overview of the social and economic outlook of the selected region and provide additional insights into relevant market-specific developments. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models.

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