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

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

In 2022, the Finnish precious stone and pearl market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Finland

In 2022, the amount of cultured pearls, precious or semi-precious stones exported from Finland shrank markedly to X kg, with a decrease of X% against the previous year. Overall, exports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, precious stone and pearl exports dropped to $X in 2022. In general, exports, however, showed prominent growth. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X kg) was the main destination for precious stone and pearl exports from Finland, accounting for a X% share of total exports. Moreover, precious stone and pearl exports to the UK exceeded the volume sent to the second major destination, Hong Kong SAR (X kg), threefold. The third position in this ranking was taken by Australia (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Australia (X% per year).

In value terms, the UK ($X) remains the key foreign market for cultured pearls, precious or semi-precious stones exports from Finland, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the average precious stone and pearl export price amounted to $X per kg, jumping by X% against the previous year. In general, the export price saw significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per kg), while the average price for exports to Denmark ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X.7%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports into Finland

Precious stone and pearl imports into Finland shrank to X tons in 2022, reducing by X% compared with the previous year. In general, imports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, precious stone and pearl imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of precious stone and pearl to Finland, with a X% share of total imports. Moreover, precious stone and pearl imports from the UK exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), twofold. Denmark (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and Denmark (X% per year).

In value terms, Belgium ($X) constituted the largest supplier of cultured pearls, precious or semi-precious stones to Finland, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Belgium amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The average precious stone and pearl import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price saw measured growth. As a result, import price reached 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 2022, amid the top importers, the country with the highest price was Belgium ($X,250 per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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