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

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

In 2022, the Estonian precious stone and pearl market increased by X% to $X, rising for the second year in a row after four years of decline. In general, consumption showed a resilient increase. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

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

In value terms, precious stone and pearl production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible descent. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

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Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Estonia

In 2022, the amount of cultured pearls, precious or semi-precious stones exported from Estonia skyrocketed to X tons, jumping by X% against the previous year. Overall, exports showed strong growth. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, precious stone and pearl exports reduced dramatically to $X in 2022. In general, exports, however, showed a precipitous curtailment. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for precious stone and pearl exports from Estonia, accounting for a X% share of total exports. Moreover, precious stone and pearl exports to the UK exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to the UK amounted to X%.

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

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR stood at X%.

Export Prices by Country

The average precious stone and pearl export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price continues to indicate a sharp shrinkage. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to the UK totaled $X per ton.

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

In 2022, supplies from abroad of cultured pearls, precious or semi-precious stones increased by X% to X tons, rising for the second consecutive year after four years of decline. In general, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, precious stone and pearl imports fell rapidly to $X in 2022. Overall, imports recorded measured growth. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Brazil (X tons) and India (X tons) were the main suppliers of precious stone and pearl imports to Estonia, together comprising X% of total imports. Russia, the UK, Italy, Turkey and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of X.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), the UK ($X) and China ($X) were the largest precious stone and pearl suppliers to Estonia, with a combined X% share of total imports.

In terms of the main suppliers, the UK, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average precious stone and pearl import price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price showed a abrupt decline. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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