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

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

For the third consecutive year, the Danish precious stone and pearl market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption, however, posted a resilient expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Denmark

In 2022, approx. X tons of cultured pearls, precious or semi-precious stones were exported from Denmark; falling by X% compared with 2021. Overall, exports continue to indicate a sharp downturn. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, precious stone and pearl exports declined to $X in 2022. In general, exports, however, saw a strong expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Norway (X kg) was the main destination for precious stone and pearl exports from Denmark, with a X% share of total exports. Moreover, precious stone and pearl exports to Norway exceeded the volume sent to the second major destination, India (X kg), sixfold. Thailand (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Thailand (X% per year).

In value terms, Thailand ($X) remains the key foreign market for cultured pearls, precious or semi-precious stones exports from Denmark, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Thailand stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and the UK (X% per year).

Export Prices by Country

The average precious stone and pearl export price stood at $X per kg in 2022, with an increase of X% against the previous year. Over the period under review, the export price enjoyed a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per kg), while the average price for exports to Sweden ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (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 Denmark

In 2022, approx. X tons of cultured pearls, precious or semi-precious stones were imported into Denmark; which is down by X% compared with the previous year. Overall, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, precious stone and pearl imports skyrocketed to $X in 2022. In general, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest precious stone and pearl supplier to Denmark, accounting for a X% share of total imports. Moreover, precious stone and pearl imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the United States (X% per year).

In value terms, the United States ($X), India ($X) and Hong Kong SAR ($X) constituted the largest precious stone and pearl suppliers to Denmark, together comprising X% of total imports. China, Thailand, Germany, Brazil and Vietnam lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average precious stone and pearl import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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