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

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

In 2022, the Finnish precious stone and pearl market increased by 30% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Finland

In 2022, precious stone and pearl exports from Finland contracted notably to X kg, with a decrease of 99.9% on 2021 figures. In general, exports continue to indicate a sharp curtailment. The pace of growth was the most pronounced in 2021 with an increase of 205% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, precious stone and pearl exports fell to $X in 2022. Over the period under review, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 3,861%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X kg) was the main destination for precious stone and pearl exports from Finland, accounting for a 39% share of total exports. Moreover, precious stone and pearl exports to the UK exceeded the volume sent to the second major destination, India (X kg), fourfold. Hong Kong SAR (X kg) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to -100.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-63.5% per year) and Hong Kong SAR (-60.5% per year).

In value terms, the UK ($X) remains the key foreign market for cultured pearls, precious or semi-precious stones exports from Finland, comprising 67% of total exports. The second position in the ranking was held by India ($X), with a 17% share of total exports. It was followed by Hong Kong SAR, with a 7% share.

From 2012 to 2022, the average annual growth rate of value to the UK stood at -18.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+12.0% per year) and Hong Kong SAR (+8.3% per year).

Export Prices by Country

The average precious stone and pearl export price stood at $X per kg in 2022, increasing by 512,396% against the previous year. In general, the export price saw significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per kg), while the average price for exports to Mexico ($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 the UK (+1,111,673.3%), 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 Finland

In 2022, the amount of cultured pearls, precious or semi-precious stones imported into Finland declined to X tons, which is down by -7.2% compared with the previous year. Overall, imports showed a perceptible decrease. The growth pace was the most rapid in 2013 with an increase of 240% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, precious stone and pearl imports soared to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Brazil (X tons), China (X tons) and India (X tons) were the main suppliers of precious stone and pearl imports to Finland, together accounting for 59% of total imports. The United States, Morocco, Madagascar, Hong Kong SAR, Indonesia, Mexico, Peru, South Africa, Uruguay and Belgium lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +1,175.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest precious stone and pearl suppliers to Finland were India ($X), Belgium ($X) and China ($X), with a combined 47% share of total imports. The United States, Hong Kong SAR, Brazil, Mexico, Madagascar, Indonesia, Morocco, Uruguay, South Africa and Peru lagged somewhat behind, together accounting for a further 2.1%.

Among the main suppliers, Uruguay, with a CAGR of +21,925.0%, recorded 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

In 2022, the average precious stone and pearl import price amounted to $X per ton, jumping by 79% against the previous year. In general, the import price saw a tangible increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+3,647.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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