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

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

The revenue of the precious stone and pearl market in Hungary amounted to $X in 2018, growing 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 an abrupt drop. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the precious stone and pearl market reached its maximum level 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 Hungary

Precious stone and pearl exports from Hungary totaled X kg in 2018, rising by X% against the previous year. In general, precious stone and pearl exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, precious stone and pearl exports reached their maximum at X kg in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

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 an extraordinary expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, precious stone and pearl exports reached their maximum at $X in 2011; however, from 2012 to 2018, exports remained at a lower figure.

Exports by Country

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

In the U.S., precious stone and pearl exports plunged by an average annual rate of -X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Thailand (+X% per year) and Hungary (+X% per year).

Export Prices by Country

In 2018, the precious stone and pearl export price in Hungary amounted to $X per kg, dropping by -X% against the previous year. Overall, the precious stone and pearl export price, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2015 when the export price increased by X% year-to-year. Over the period under review, the export prices for cultured pearls, precious or semi-precious stones reached their maximum at $X per kg in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per kg), while Thailand amounted to $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 Hungary

In 2018, the imports of cultured pearls, precious or semi-precious stones into Hungary stood at X tonnes, surging by X% against the previous year. In general, precious stone and pearl imports, however, continue to indicate a drastic contraction. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. Over the period under review, precious stone and pearl imports attained their maximum at X tonnes in 2007; however, from 2008 to 2018, imports stood at a somewhat 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 resilient expansion. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, precious stone and pearl imports reached their peak figure at $X in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

Imports by Country

China represented the key importer of cultured pearls, precious or semi-precious stones in the world, with the volume of imports recording X tonnes, which was near X% of total imports in 2018. China, Hong Kong SAR (X tonnes) occupied a X% share (based on tonnes) of total imports, which put it in second place, followed by Thailand (X%), Mauritius (X%), the U.S. (X%) and India (X%). Chile (X tonnes) held a relatively small share of total imports.

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 largest precious stone and pearl importing markets into Hungary were the U.S. ($X), China, Hong Kong SAR ($X) and India ($X), together accounting for X% of total imports. China, Thailand, Mauritius, Hungary and Chile lagged somewhat behind, together comprising a further X recorded the highest growth rate of imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the precious stone and pearl import price in Hungary amounted to $X per kg, declining by -X% against the previous year. Over the period under review, the precious stone and pearl import price, however, continues to indicate extraordinary growth. The pace of growth appeared the most rapid in 2008 when the import price increased by X% against the previous year. Hungary import price peaked at $X per kg in 2009; however, from 2010 to 2018, import prices stood at a somewhat lower figure.

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