Germany: Overview of the Market for Cultured Pearls, Precious Or Semi-Precious Stones 2021

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

The German precious stone and pearl market stood at $X in 2020, standing approx. at the previous year. Over the period under review, consumption, however, showed a perceptible curtailment. The growth pace was the most rapid in 2018 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

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

In value terms, precious stone and pearl production amounted to $X in 2020 estimated in export prices. Overall, production recorded a measured expansion. The growth pace was the most rapid in 2014 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs in 2020 and is expected to retain growth in the immediate term.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Germany

For the third year in a row, Germany recorded growth in overseas shipments of cultured pearls, precious or semi-precious stones, which increased by X% to X tonnes in 2020. In general, exports, however, continue to indicate a pronounced setback. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, precious stone and pearl exports reached $X in 2020. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X% y-o-y. Over the period under review, exports hit record highs in 2020 and are likely to see steady growth in the immediate term.

Exports by Country

The Netherlands (X tonnes), Israel (X tonnes) and Poland (X tonnes) were the main destinations of precious stone and pearl exports from Germany, with a combined X% share of total exports. Switzerland, the U.S., Belgium, Hong Kong SAR, Austria, Norway, Denmark and Thailand lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Denmark (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Switzerland ($X) and Hong Kong SAR ($X) appeared to be the largest markets for precious stone and pearl exported from Germany worldwide, together accounting for X% of total exports. These countries were followed by Thailand, Israel, Austria, Belgium, the Netherlands, Norway, Denmark and Poland, which together accounted for a further X terms of the main countries of destination, Israel recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average precious stone and pearl export price stood at $X per kg in 2020, standing approx. at the previous year. Over the period under review, export price indicated a temperate expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, precious stone and pearl export price decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per kg; afterwards, it flattened through to 2020.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Israel, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports into Germany

For the fourth year in a row, Germany recorded growth in purchases abroad of cultured pearls, precious or semi-precious stones, which increased by X% to X tonnes in 2020. Overall, imports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

In value terms, precious stone and pearl imports rose to $X in 2020. In general, total imports indicated a pronounced increase from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure in 2020 and are expected to retain growth in years to come.

Imports by Country

India (X tonnes), China (X tonnes) and Belgium (X tonnes) were the main suppliers of precious stone and pearl imports to Germany, together accounting for X% of total imports. Russia, Hong Kong SAR, Israel and the U.S. lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Belgium ($X) and Hong Kong SAR ($X) constituted the largest precious stone and pearl suppliers to Germany, with a combined X% share of total imports. Israel, the U.S., China and Russia lagged somewhat behind, together accounting for a further X recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average precious stone and pearl import price stood at $X per tonne in 2020, approximately equating the previous year. In general, the import price posted a strong expansion. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2018; afterwards, it flattened through to 2020.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cultured pearls, precious or semi-precious stones in the world?

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The countries with the highest volumes of precious stone and pearl consumption in 2020 were China (425K tonnes), Hong Kong SAR (232K tonnes) and Mauritius (95K tonnes), with a combined 80% share of global consumption.

What are the largest producers of cultured pearls, precious or semi-precious stones in the world?

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Thailand (185K tonnes) constituted the country with the largest volume of precious stone and pearl production, accounting for 95% of total volume.

What are the leading suppliers of cultured pearls, precious or semi-precious stones to Germany?

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In value terms, India ($151M), Belgium ($146M) and Hong Kong SAR ($43M) were the largest precious stone and pearl suppliers to Germany, with a combined 58% share of total imports. Israel, the U.S., China and Russia lagged somewhat behind, together comprising a further 18%.

What are the leading importers of cultured pearls, precious or semi-precious stones from Germany?

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In value terms, the largest markets for precious stone and pearl exported from Germany were the U.S. ($113M), Switzerland ($111M) and Hong Kong SAR ($40M), with a combined 62% share of total exports. These countries were followed by Thailand, Israel, Austria, Belgium, the Netherlands, Norway, Denmark and Poland, which together accounted for a further 17%.

What is the average export price for cultured pearls, precious or semi-precious stones in Germany?

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In 2020, the average precious stone and pearl export price amounted to $9,115 per kg, remaining stable against the previous year.

What is the average import price for cultured pearls, precious or semi-precious stones in Germany?

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In 2020, the average precious stone and pearl import price amounted to $1,355,150 per tonne, approximately reflecting the previous year.