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

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

The revenue of the precious stone and pearl market in Estonia amounted to $X in 2018, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, precious stone and pearl consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by X% year-to-year. Estonia precious stone and pearl consumption peaked at $X in 2012; however, from 2013 to 2018, consumption failed to regain its momentum.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Estonia

Precious stone and pearl exports from Estonia stood at X kg in 2018, surging by X% against the previous year. In general, precious stone and pearl exports continue to indicate outstanding growth. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. In that year, precious stone and pearl exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, precious stone and pearl exports amounted to $X in 2018. Over the period under review, precious stone and pearl exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X% against the previous 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 remained at a somewhat lower figure.

Exports by Country

Thailand dominates precious stone and pearl exports structure, amounting to X tonnes, which was approx. X% of total exports in 2018. The U.S. (X tonnes) followed a long way behind the leaders.

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. ($X) remains the largest precious stone and pearl supplier from Estonia, comprising X% of global exports. The second position in the ranking was occupied by Thailand ($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 Estonia (+X% per year).

Export Prices by Country

In 2018, the precious stone and pearl export price in Estonia amounted to $X per kg, falling by -X% against the previous year. Over the period under review, the precious stone and pearl export price continues to indicate an abrupt decline. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. Estonia export price peaked at $X per kg in 2017, 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 totaled $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 Estonia

In 2018, approx. X kg of cultured pearls, precious or semi-precious stones were imported into Estonia; lowering by -X% against the previous year. In general, precious stone and pearl imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, precious stone and pearl imports reached their maximum at X kg in 2012; however, from 2013 to 2018, imports remained at a lower figure.

In value terms, precious stone and pearl imports stood at $X in 2018. Overall, precious stone and pearl imports, however, continue to indicate a drastic reduction. The pace of growth was the most pronounced in 2011 when imports increased by X% y-o-y. In that year, precious stone and pearl imports reached their peak of $X. From 2012 to 2018, the growth of precious stone and pearl imports remained at a somewhat lower figure.

Imports by Country

China was the major importer of cultured pearls, precious or semi-precious stones in the world, with the volume of imports finishing at X tonnes, which was approx. X% of total imports in 2018. China, Hong Kong SAR (X tonnes) ranks second in terms of the total imports with a X% share, followed by Thailand (X%), Mauritius (X%), the U.S. (X%) and India (X%). Chile (X tonnes) followed a long way behind the leaders.

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, Mauritius, Chile and Estonia, which together accounted for a further X terms of the main importing countries, China experienced the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The precious stone and pearl import price in Estonia stood at $X per kg in 2018, going down by -X% against the previous year. Overall, the precious stone and pearl import price continues to indicate a deep setback. The growth pace was the most rapid in 2013 when the import price increased by X% year-to-year. Over the period under review, the import prices for cultured pearls, precious or semi-precious stones attained their maximum at $X per kg in 2007; however, from 2008 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, 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