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

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

The Irish precious stone and pearl market reached $X in 2020, stabilizing at the previous year. Overall, consumption, however, showed a perceptible contraction. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Precious stone and pearl consumption peaked at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

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

In value terms, precious stone and pearl production reached $X in 2020 estimated in export prices. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% year-to-year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Ireland

Precious stone and pearl exports from Ireland rose modestly to X kg in 2020, growing by X% on 2019. Overall, exports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, precious stone and pearl exports totaled $X in 2020. Over the period under review, exports, however, showed a noticeable downturn. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, exports attained the peak of $X. From 2014 to 2020, the growth exports failed to regain the momentum.

Exports by Country

The U.S. (X kg) was the main destination for precious stone and pearl exports from Ireland, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to the U.S. stood at -X%.

In value terms, the U.S. ($X) also remains the key foreign market for precious stone and pearl exports from Ireland.

From 2007 to 2020, the average annual rate of growth in terms of value to the U.S. stood at -X%.

Export Prices by Country

The average precious stone and pearl export price stood at $X per kg in 2020, almost unchanged from the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per kg in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the U.S..

From 2007 to 2020, the rate of growth in terms of prices for the U.S. amounted to -X% per year.

Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports into Ireland

In 2020, imports of cultured pearls, precious or semi-precious stones into Ireland rose slightly to X tonnes, picking up by X% against the year before. Overall, imports, however, saw a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, precious stone and pearl imports rose to $X in 2020. Over the period under review, imports, however, saw a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Imports peaked at $X in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

Imports by Country

China (X tonnes), India (X tonnes) and the UK (X kg) were the main suppliers of precious stone and pearl imports to Ireland, together comprising X% of total imports.

From 2007 to 2020, the biggest increases were in India, while purchases for the other leaders experienced mixed trend patterns.

In value terms, India ($X) constituted the largest supplier of precious stone and pearl to Ireland, comprising X% of total imports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-X% per year) and the UK (-X% per year).

Import Prices by Country

In 2020, the average precious stone and pearl import price amounted to $X per kg, approximately mirroring the previous year. Overall, the import price continues to indicate resilient growth. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. The import price peaked at $X per kg in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Belgium ($X per kg), while the price for China ($X per kg) 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 more modest paces of growth.

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, comprising approx. 95% of total volume.

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

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In value terms, India ($22M) constituted the largest supplier of precious stone and pearl to Ireland, comprising 63% of total imports. The second position in the ranking was occupied by Belgium ($3.1M), with a 8.9% share of total imports. It was followed by the UK, with a 5.8% share.

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

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In value terms, the U.S. ($1.5M) remains the key foreign market for precious stone and pearl exports from Ireland.

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

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In 2020, the average precious stone and pearl export price amounted to $2,098 per kg, therefore, remained relatively stable against the previous year.

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

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The average precious stone and pearl import price stood at $3,994 per kg in 2020, approximately equating the previous year.