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

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

The revenue of the precious stone and pearl market in Greece amounted to $X in 2018, increasing 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). Overall, precious stone and pearl consumption continues to indicate an abrupt contraction. The most prominent rate of growth was recorded in 2014 when the market value increased by X% year-to-year. Greece precious stone and pearl consumption peaked at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Greece

In 2018, the amount of cultured pearls, precious or semi-precious stones exported from Greece stood at X kg, approximately equating the previous year. In general, precious stone and pearl exports, however, continue to indicate a drastic reduction. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Over the period under review, precious stone and pearl exports reached their peak figure at X tonnes in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, precious stone and pearl exports stood at $X in 2018. In general, precious stone and pearl exports, however, continue to indicate a deep shrinkage. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, precious stone and pearl exports attained their maximum at $X in 2010; however, from 2011 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Thailand prevails in precious stone and pearl exports structure, accounting for 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. From 2007 to 2018, the share of Thailand and the U.S. increased by +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. stood at -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+X% per year) and Greece (-X% per year).

Export Prices by Country

In 2018, the precious stone and pearl export price in Greece amounted to $X per kg, shrinking by -X% against the previous year. Over the period under review, the precious stone and pearl export price, however, continues to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2008 when the export price increased by X% y-o-y. Greece export price peaked at $X per kg in 2010; however, from 2011 to 2018, export prices failed to regain their momentum.

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 Greece

In 2018, the amount of cultured pearls, precious or semi-precious stones imported into Greece stood at X tonnes, shrinking by -X% against the previous year. Over the period under review, precious stone and pearl imports continue to indicate a precipitous reduction. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Greece imports peaked at X tonnes in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, precious stone and pearl imports amounted to $X in 2018. In general, precious stone and pearl imports continue to indicate a mild contraction. The growth pace was the most rapid in 2018 when imports increased by X% y-o-y. Over the period under review, precious stone and pearl imports reached their maximum at $X in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

China was the main importer of cultured pearls, precious or semi-precious stones in the world, with the volume of imports reaching X tonnes, which was near 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) were the countries with the highest levels of imports in 2018, with a combined X% share of total imports. China, Thailand, Mauritius, Greece and Chile lagged somewhat behind, together comprising a further X recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The precious stone and pearl import price in Greece stood at $X per kg in 2018, surging by X% against the previous year. In general, the precious stone and pearl import price continues to indicate outstanding growth. The most prominent rate of growth was recorded in 2015 when the import price increased by X% y-o-y. Greece import price peaked in 2018 and is likely to continue its growth in the immediate term.

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