Latest Report Update: May 27, 2021

Norway - Cultured Pearls, Precious Or Semi-Precious Stones - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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

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

The Norwegian precious stone and pearl market totaled $X in 2020, with an increase of X% against the previous year. In general, consumption, however, continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2009 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 Norway

In value terms, precious stone and pearl production rose slightly to $X in 2020 estimated in export prices. Overall, production enjoyed tangible growth. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Precious stone and pearl production peaked at $X in 2011; however, from 2012 to 2020, production failed to regain the momentum.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Norway

In 2020, shipments abroad of cultured pearls, precious or semi-precious stones increased by X% to X kg, rising for the fourth year in a row after three years of decline. In general, exports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at X tonnes in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

In value terms, precious stone and pearl exports rose modestly to $X in 2020. Overall, exports, however, saw resilient growth. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. As a result, exports reached the peak of $X. From 2012 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Belgium (X kg) was the main destination for precious stone and pearl exports from Norway, accounting for a X% share of total exports. Moreover, precious stone and pearl exports to Belgium exceeded the volume sent to the second major destination, Germany (X kg), threefold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Belgium amounted to +X%.

In value terms, Belgium ($X) emerged as the key foreign market for precious stone and pearl exports from Norway, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Belgium amounted to +X%.

Export Prices by Country

In 2020, the average precious stone and pearl export price amounted to $X per kg, surging by X% against the previous year. Overall, the export price saw prominent growth. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. The export price peaked at $X per kg in 2016; however, from 2017 to 2020, export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2020, the country with the highest price was Belgium ($X per kg), while the average price for exports to Germany stood at $X per kg.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany.

Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports into Norway

In 2020, overseas purchases of cultured pearls, precious or semi-precious stones increased by X% to X tonnes, rising for the second year in a row after four years of decline. Overall, imports, however, recorded a dramatic decrease. The pace of growth appeared the most rapid in 2012 with an increase of 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 reached $X in 2020. Over the period under review, imports, however, continue to indicate a noticeable reduction. The pace of growth was the most pronounced in 2010 when imports increased by X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

India (X kg), China (X kg) and Belgium (X kg) were the main suppliers of precious stone and pearl imports to Norway, together comprising X% of total imports. Israel, Germany, Thailand, the UK, Hong Kong SAR, the U.S. and Denmark lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK, while imports for the other leaders experienced a decline.

In value terms, Israel ($X), Belgium ($X) and India ($X) were the largest precious stone and pearl suppliers to Norway, together comprising X% of total imports.

In terms of the main suppliers, India recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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, however, showed a significant expansion. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. As a result, import price reached the peak level of $X per kg. From 2009 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Israel ($X per kg), while the price for China ($X per kg) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, 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?
+
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), together comprising 80% of global consumption.
What are the largest producers of cultured pearls, precious or semi-precious stones in the world?
+
The country with the largest volume of precious stone and pearl production was Thailand (185K tonnes), comprising approx. 95% of total volume.
What are the leading suppliers of cultured pearls, precious or semi-precious stones to Norway?
+
In value terms, the largest precious stone and pearl suppliers to Norway were Israel ($2.7M), Belgium ($2.2M) and India ($1.7M), with a combined 86% share of total imports.
What are the leading importers of cultured pearls, precious or semi-precious stones from Norway?
+
In value terms, Belgium ($227K) emerged as the key foreign market for precious stone and pearl exports from Norway, comprising 76% of total exports. The second position in the ranking was occupied by Germany ($72K), with a 24% share of total exports.
What is the average export price for cultured pearls, precious or semi-precious stones in Norway?
+
In 2020, the average precious stone and pearl export price amounted to $5,607 per kg, with an increase of 3% against the previous year.
What is the average import price for cultured pearls, precious or semi-precious stones in Norway?
+
The average precious stone and pearl import price stood at $6,953 per kg in 2020, stabilizing at the previous year.

Product coverage:
• Prodcom 32121100 - Cultured pearls, precious or semi-precious stones, including synthetic or reconstructed, worked but not set

This report provides an in-depth analysis of the market for precious stone and pearl in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Norway

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Norway
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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