Denmark: Overview of the Market for Cultured Pearls, Precious Or Semi-Precious Stones 2019

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

The revenue of the precious stone and pearl market in Denmark amounted to $X in 2018, reducing by -X% against the previous year. Over the period under review, precious stone and pearl consumption continues to indicate a deep decline. The most prominent rate of growth was recorded in 2013 when the market value increased by X% y-o-y. In that year, the precious stone and pearl market attained its peak level of $X. From 2014 to 2018, the growth of the precious stone and pearl market remained at a lower figure.

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

In value terms, precious stone and pearl production totaled $X in 2018 estimated in export prices. Overall, precious stone and pearl production continues to indicate a drastic contraction. The pace of growth was the most pronounced in 2014 when production volume increased by X% y-o-y. Over the period under review, precious stone and pearl production reached its maximum level at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Denmark

In 2018, the exports of cultured pearls, precious or semi-precious stones from Denmark stood at X kg, jumping by X% against the previous year. Overall, precious stone and pearl exports, however, continue to indicate a drastic decrease. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Denmark exports peaked at X tonnes in 2009; however, from 2010 to 2018, exports remained at a lower figure.

In value terms, precious stone and pearl exports totaled $X in 2018. Over the period under review, precious stone and pearl exports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. In that year, precious stone and pearl exports attained their peak of $X. From 2015 to 2018, the growth of precious stone and pearl exports failed to regain its momentum.

Exports by Country

Thailand prevails in precious stone and pearl exports structure, finishing at X tonnes, which was approx. X% of total exports in 2018. The U.S. (X tonnes) took a relatively small share of total exports.

Thailand was also the fastest-growing in terms of the cultured pearls, precious or semi-precious stones exports, with a CAGR of +X% from 2007 to 2018. At the same time, the U.S. (+X%) displayed positive paces of growth. Thailand (+X p.p.) and the U.S. (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) remains the largest precious stone and pearl supplier from Denmark, comprising X% of global exports. The second position in the ranking was occupied by Thailand ($X), with a X% share of global exports.

In the U.S., precious stone and pearl exports shrank by an average annual rate of -X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+X% per year) and Denmark (+X% per year).

Export Prices by Country

In 2018, the precious stone and pearl export price in Denmark amounted to $X per kg, coming down by -X% against the previous year. Over the period under review, the precious stone and pearl export price, however, continues to indicate a skyrocketing expansion. The pace of growth appeared the most rapid in 2017 when the export price increased by X% year-to-year. In that year, the export prices for cultured pearls, precious or semi-precious stones reached their peak level of $X per kg, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the U.S. ($X per kg), while Thailand amounted to $X per kg.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S..

Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports into Denmark

In 2018, the imports of cultured pearls, precious or semi-precious stones into Denmark totaled X tonnes, declining by -X% against the previous year. In general, precious stone and pearl imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2013 when imports increased by X% y-o-y. In that year, precious stone and pearl imports reached their peak of X tonnes. From 2014 to 2018, the growth of precious stone and pearl imports remained at a lower figure.

In value terms, precious stone and pearl imports amounted to $X in 2018. Overall, precious stone and pearl imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. Denmark imports peaked at $X in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

Imports by Country

China represented the main importing country with an import of around X tonnes, which amounted to X% of total imports. It was distantly followed by China, Hong Kong SAR (X tonnes), Thailand (X tonnes), Mauritius (X tonnes), the U.S. (X tonnes) and India (X tonnes), together generating a X% share of total imports. Chile (X tonnes) occupied a relatively small share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Mauritius (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), China, Hong Kong SAR ($X) and India ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by China, Thailand, Denmark, Mauritius and Chile, which together accounted for a further X recorded the highest rates of growth with regard to imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the precious stone and pearl import price in Denmark amounted to $X per kg, going up by X% against the previous year. In general, the precious stone and pearl import price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. In that year, the import prices for cultured pearls, precious or semi-precious stones reached their peak level of $X per kg. From 2015 to 2018, the growth in terms of the import prices for cultured pearls, precious or semi-precious stones failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per kg), while Chile ($X per kg) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform