Croatia: Market for Cultured Pearls, Precious Or Semi-Precious Stones 2022

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

In 2021, after two years of decline, there was significant growth in the Croatian precious stone and pearl market, when its value increased by 691% to $X. Overall, consumption, however, recorded a precipitous setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Cultured Pearls, Precious Or Semi-Precious Stones in Croatia

In value terms, precious stone and pearl production stood at $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Croatia

Precious stone and pearl exports from Croatia shrank to X tons in 2020, which is down by -2.9% against 2019 figures. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2015 with an increase of 5,241% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2020, the exports remained at a lower figure.

In value terms, precious stone and pearl exports soared to $X in 2020. Overall, exports, however, recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Slovenia (X tons) and Hungary (X tons) were the main destinations of precious stone and pearl exports from Croatia.

From 2012 to 2020, the biggest increases were in Slovenia (with a CAGR of +66.6%).

In value terms, Slovenia ($X) and Hungary ($X) were the largest markets for precious stone and pearl exported from Croatia worldwide.

Among the main countries of destination, Hungary, with a CAGR of +13,212.9%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average precious stone and pearl export price stood at $X per ton in 2020, growing by 184% against the previous year. Over the period under review, the export price showed prominent growth. The growth pace was the most rapid in 2019 an increase of 2,387% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2020, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2020, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Hungary amounted to $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+2.5%).

Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports into Croatia

For the third consecutive year, Croatia recorded decline in overseas purchases of cultured pearls, precious or semi-precious stones, which decreased by -99.7% to X kg in 2021. In general, imports faced a sharp setback. The most prominent rate of growth was recorded in 2016 when imports increased by 159% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, precious stone and pearl imports reduced slightly to $X in 2021. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 107% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then reduced slightly in the following year.

Imports by Country

Italy (X kg), Belgium (X kg) and the Czech Republic (X kg) were the main suppliers of precious stone and pearl imports to Croatia, together accounting for 81% of total imports.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of -33.3%), while purchases for the other leaders experienced a decline.

In value terms, the largest precious stone and pearl suppliers to Croatia were Belgium ($X), the Czech Republic ($X) and Italy ($X), together accounting for 78% of total imports.

Among the main suppliers, Belgium, with a CAGR of +122.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average precious stone and pearl import price amounted to $X per kg, picking up by 28,722% against the previous year. Over the period under review, the import price recorded a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per kg), while the price for Slovenia ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+255.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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