Switzerland: Market for Cultured Pearls, Precious Or Semi-Precious Stones 2024

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

In 2022, the Swiss precious stone and pearl market increased by X% to $X, rising for the third consecutive year after four years of decline. Over the period under review, consumption enjoyed a buoyant expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the near future.

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

In value terms, precious stone and pearl production totaled $X in 2022 estimated in export price. In general, production showed a noticeable reduction. The pace of growth was the most pronounced in 2013 when the production volume decreased by X%. Precious stone and pearl production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Switzerland

In 2022, shipments abroad of cultured pearls, precious or semi-precious stones decreased by X% to X tons, falling for the second consecutive year after four years of growth. In general, exports showed a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, precious stone and pearl exports reached $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for precious stone and pearl exports from Switzerland, accounting for a X% share of total exports. Moreover, precious stone and pearl exports to Germany exceeded the volume sent to the second major destination, France (X tons), fourfold. Hong Kong SAR (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Hong Kong SAR (X% per year).

In value terms, the United States ($X), France ($X) and Hong Kong SAR ($X) appeared to be the largest markets for precious stone and pearl exported from Switzerland worldwide, with a combined X% share of total exports. Belgium, the UK, Israel, the United Arab Emirates, Thailand, Germany, Sri Lanka and Italy lagged somewhat behind, together accounting for a further X%.

Thailand, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average precious stone and pearl export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price recorded a significant expansion. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X,595 per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports into Switzerland

In 2022, imports of cultured pearls, precious or semi-precious stones into Switzerland fell rapidly to X tons, with a decrease of X% on the year before. In general, imports, however, posted a temperate increase. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, precious stone and pearl imports soared to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of precious stone and pearl to Switzerland, with a X% share of total imports. Moreover, precious stone and pearl imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Madagascar (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Madagascar (X% per year).

In value terms, the United States ($X), Belgium ($X) and India ($X) appeared to be the largest precious stone and pearl suppliers to Switzerland, with a combined X% share of total imports. France, the United Arab Emirates, Hong Kong SAR, South Africa, Germany, China, Mozambique, Zambia, Madagascar and Brazil lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Madagascar, with a CAGR of X%, saw 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 2022, the average precious stone and pearl import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced descent. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X,332 per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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