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

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

The revenue of the precious stone and pearl market in Ireland amounted to $X in 2018, approximately reflecting the previous year. Over the period under review, precious stone and pearl consumption, however, continues to indicate a drastic decrease. The growth pace was the most rapid in 2009 when the market value increased by X% year-to-year. Ireland precious stone and pearl consumption peaked at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

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

In value terms, precious stone and pearl production totaled $X in 2018 estimated in export prices. In general, precious stone and pearl production continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2011 when production volume increased by X% y-o-y. Over the period under review, precious stone and pearl production reached its maximum level at $X in 2012; however, from 2013 to 2018, production failed to regain its momentum.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Ireland

In 2018, approx. X kg of cultured pearls, precious or semi-precious stones were exported from Ireland; going down by -X% against the previous year. Overall, precious stone and pearl exports continue to indicate an abrupt downturn. The pace of growth appeared the most rapid in 2013 when exports increased by X% year-to-year. Over the period under review, precious stone and pearl exports attained their peak figure at X tonnes in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, precious stone and pearl exports totaled $X in 2018. Over the period under review, precious stone and pearl exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. In that year, precious stone and pearl exports attained their peak of $X. From 2014 to 2018, the growth of precious stone and pearl exports failed to regain its momentum.

Exports by Country

Thailand dominates precious stone and pearl exports structure, reaching 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. ($X) remains the largest precious stone and pearl supplier from Ireland, comprising X% of global exports. The second position in the ranking was occupied by Thailand ($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. amounted to -X%. In the other countries, the average annual rates were as follows: Thailand (+X% per year) and Ireland (-X% per year).

Export Prices by Country

The precious stone and pearl export price in Ireland stood at $X per kg in 2018, picking up by X% against the previous year. Over the period under review, the precious stone and pearl export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 an increase of X% year-to-year. Over the period under review, the export prices for cultured pearls, precious or semi-precious stones attained their maximum at $X per kg in 2012; however, from 2013 to 2018, export prices stood at a somewhat lower figure.

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

Precious stone and pearl imports into Ireland amounted to X tonnes in 2018, surging by X% against the previous year. Overall, precious stone and pearl imports, however, continue to indicate an abrupt downturn. The growth pace was the most rapid in 2018 with an increase of 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 failed to regain their momentum.

In value terms, precious stone and pearl imports totaled $X in 2018. Overall, precious stone and pearl imports, however, continue to indicate a moderate expansion. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, precious stone and pearl imports attained their maximum at $X in 2015; however, from 2016 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, China (X tonnes) was the major importer of cultured pearls, precious or semi-precious stones, achieving X% of total imports. China, Hong Kong SAR (X tonnes) occupied the second position in the ranking, distantly followed by Thailand (X tonnes), Mauritius (X tonnes), the U.S. (X tonnes) and India (X tonnes). All these countries together held near 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 largest precious stone and pearl importing markets into Ireland were the U.S. ($X), China, Hong Kong SAR ($X) and India ($X), with a combined X% share of total imports. These countries were followed by China, Thailand, Ireland, Mauritius and Chile, which together accounted for a further X experienced the highest growth rate of 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 Ireland stood at $X per kg in 2018, shrinking by -X% against the previous year. Overall, the precious stone and pearl import price, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. Ireland import price peaked at $X per kg in 2014; however, from 2015 to 2018, import prices remained at a 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