Eastern Europe: Market for Cultured Pearls, Precious Or Semi-Precious Stones 2024

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

The East European precious stone and pearl market soared to $X in 2022, jumping by X% against the previous year. In general, consumption continues to indicate a noticeable slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Cultured Pearls, Precious Or Semi-Precious Stones in Eastern Europe

In value terms, precious stone and pearl production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports in Eastern Europe

In 2022, the amount of cultured pearls, precious or semi-precious stones exported in Eastern Europe reduced markedly to X tons, which is down by X% compared with 2021 figures. Overall, exports saw a perceptible reduction. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, precious stone and pearl exports reduced remarkably to $X in 2022. In general, exports saw a dramatic curtailment. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X tons) and Hungary (X tons) were the major exporters of cultured pearls, precious or semi-precious stones in 2022, reaching approx. X% and X% of total exports, respectively. It was distantly followed by the Czech Republic (X tons), committing an X% share of total exports. The following exporters - Romania (X tons), Latvia (X tons) and Russia (X tons) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the largest precious stone and pearl supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

In Russia, precious stone and pearl exports contracted by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, falling by X% against the previous year. In general, the export price showed a precipitous setback. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (X%), while the other leaders experienced more modest paces of growth.

Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports in Eastern Europe

In 2022, overseas purchases of cultured pearls, precious or semi-precious stones decreased by X% to X tons, falling for the second year in a row after four years of growth. Over the period under review, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, precious stone and pearl imports contracted to $X in 2022. In general, imports, however, posted tangible growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

Lithuania dominates imports structure, finishing at X tons, which was near X% of total imports in 2022. It was distantly followed by Hungary (X tons) and Poland (X tons), together constituting a X% share of total imports. The Czech Republic (X tons) took a relatively small share of total imports.

Lithuania was also the fastest-growing in terms of the cultured pearls, precious or semi-precious stones imports, with a CAGR of X% from 2012 to 2022. At the same time, the Czech Republic (X%) and Hungary (X%) displayed positive paces of growth. Poland experienced a relatively flat trend pattern. While the share of Lithuania (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Czech Republic (X p.p.), Poland (X p.p.) and Hungary (X p.p.) displayed negative dynamics.

In value terms, the Czech Republic ($X) constitutes the largest market for imported cultured pearls, precious or semi-precious stones in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by Lithuania, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the Czech Republic amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Poland (X% per year) and Lithuania (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, reducing by X% against the previous year. Overall, the import price saw a deep setback. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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