Austria: Overview of the Market for Cultured Pearls, Precious Or Semi-Precious Stones 2021

Market Size for Cultured Pearls, Precious Or Semi-Precious Stones in Austria

In 2020, the Austrian precious stone and pearl market increased by X% to $X, rising for the fifth year in a row after three years of decline. In general, the total consumption indicated a notable expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Precious stone and pearl consumption peaked at $X in 2012; however, from 2013 to 2020, consumption failed to regain the momentum.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Austria

In 2020, the amount of cultured pearls, precious or semi-precious stones exported from Austria totaled X tonnes, with an increase of X% against 2019. Overall, exports, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at X tonnes in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, precious stone and pearl exports totaled $X in 2020. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when exports increased by X% year-to-year. As a result, exports attained the peak of $X. From 2012 to 2020, the growth exports remained at a lower figure.

Exports by Country

Thailand (X tonnes) was the main destination for precious stone and pearl exports from Austria, accounting for a X% share of total exports. It was followed by Italy (X kg), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Thailand totaled -X%.

In value terms, Thailand ($X) remains the key foreign market for precious stone and pearl exports from Austria, comprising X% of total exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Thailand totaled +X%.

Export Prices by Country

The average precious stone and pearl export price stood at $X per kg in 2020, remaining stable against the previous year. Overall, export price indicated temperate growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, precious stone and pearl export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. As a result, export price attained the peak level of $X per kg. From 2009 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per kg), while the average price for exports to Thailand totaled $X per kg.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Thailand.

Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports into Austria

In 2020, overseas purchases of cultured pearls, precious or semi-precious stones increased by X% to X tonnes, rising for the second year in a row after two years of decline. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at X tonnes in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

In value terms, precious stone and pearl imports expanded to $X in 2020. Over the period under review, total imports indicated a perceptible expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Imports peaked in 2020 and are expected to retain growth in the near future.

Imports by Country

China (X tonnes), Thailand (X tonnes) and Belgium (X tonnes) were the main suppliers of precious stone and pearl imports to Austria, together comprising X% of total imports. These countries were followed by the U.S., Switzerland and Israel, which together accounted for a further X 2007 to 2020, the biggest increases were in the U.S., while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest precious stone and pearl suppliers to Austria were Thailand ($X), the U.S. ($X) and Belgium ($X), with a combined X% share of total imports.

The U.S. saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average precious stone and pearl import price amounted to $X per tonne, therefore, remained relatively stable against the previous year. In general, the import price enjoyed a tangible increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per tonne. From 2019 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cultured pearls, precious or semi-precious stones in the world?

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The countries with the highest volumes of precious stone and pearl consumption in 2020 were China (425K tonnes), Hong Kong SAR (232K tonnes) and Mauritius (95K tonnes), with a combined 80% share of global consumption.

What are the largest producers of cultured pearls, precious or semi-precious stones in the world?

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Thailand (185K tonnes) constituted the country with the largest volume of precious stone and pearl production, comprising approx. 95% of total volume.

What are the leading suppliers of cultured pearls, precious or semi-precious stones to Austria?

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In value terms, the largest precious stone and pearl suppliers to Austria were Thailand ($22M), the U.S. ($21M) and Belgium ($7.8M), together comprising 67% of total imports.

What are the leading importers of cultured pearls, precious or semi-precious stones from Austria?

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In value terms, Thailand ($39M) remains the key foreign market for precious stone and pearl exports from Austria, comprising 72% of total exports. The second position in the ranking was occupied by Italy ($3M), with a 5.6% share of total exports.

What is the average export price for cultured pearls, precious or semi-precious stones in Austria?

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In 2020, the average precious stone and pearl export price amounted to $2,315 per kg, stabilizing at the previous year.

What is the average import price for cultured pearls, precious or semi-precious stones in Austria?

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In 2020, the average precious stone and pearl import price amounted to $656,945 per tonne, approximately reflecting the previous year.