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

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

The revenue of the precious stone and pearl market in Iceland amounted to $X in 2018, going up 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 sharp decrease. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, the precious stone and pearl market attained its peak figure level at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Iceland

In 2018, the exports of cultured pearls, precious or semi-precious stones from Iceland totaled X kg, declining by -X% against the previous year. Overall, precious stone and pearl exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Iceland exports peaked at X kg in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, precious stone and pearl exports stood at $X in 2018. In general, precious stone and pearl exports continue to indicate a deep drop. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. Iceland exports peaked at $X in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

Exports by Country

Thailand dominates precious stone and pearl exports structure, resulting at X tonnes, which was near 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. While the share of Thailand (+X p.p.) and the U.S. (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual growth rate of value in the U.S. totaled -X%. In the other countries, the average annual rates were as follows: Thailand (+X% per year) and Iceland (-X% per year).

Export Prices by Country

In 2018, the precious stone and pearl export price in Iceland amounted to $X per kg, jumping by X% against the previous year. Overall, the precious stone and pearl export price continues to indicate resilient growth. The pace of growth was the most pronounced in 2008 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 attained their peak figure at $X per kg in 2013; however, from 2014 to 2018, export prices stood at a somewhat lower figure.

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 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 Iceland

Precious stone and pearl imports into Iceland totaled X kg in 2018, surging by X% against the previous year. Over the period under review, precious stone and pearl imports, however, continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Over the period under review, precious stone and pearl imports reached their maximum at X tonnes in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

In value terms, precious stone and pearl imports stood at $X in 2018. Over the period under review, precious stone and pearl imports, however, continue to indicate an abrupt reduction. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. In that year, precious stone and pearl imports attained their peak of $X. From 2016 to 2018, the growth of precious stone and pearl imports failed to regain its momentum.

Imports by Country

China was the largest importing country with an import of around X tonnes, which resulted at X% of total imports. It was distantly followed by China, Hong Kong SAR (X tonnes), Thailand (X tonnes), Mauritius (X tonnes), the U.S. (X tonnes) and India (X tonnes), together creating a X% share of total imports. 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, Iceland and Chile, which together accounted for a further X the main importing countries, China experienced the highest rates of growth with regard to imports, 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 Iceland stood at $X per kg in 2018, reducing by -X% against the previous year. Over the period under review, the precious stone and pearl import price, however, continues to indicate a skyrocketing expansion. The pace of growth appeared the most rapid in 2009 an increase of X% against the previous year. Over the period under review, the import prices for cultured pearls, precious or semi-precious stones reached their peak figure at $X per kg in 2015; however, from 2016 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