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

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

The French precious stone and pearl market skyrocketed to $X in 2022, jumping by 19% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a moderate expansion. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from France

In 2022, approx. X tons of cultured pearls, precious or semi-precious stones were exported from France; jumping by 18% compared with 2021 figures. Overall, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 113% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, precious stone and pearl exports soared to $X in 2022. In general, exports posted tangible growth. The pace of growth appeared the most rapid in 2014 when exports increased by 102% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for precious stone and pearl exports from France, accounting for a 31% share of total exports. Moreover, precious stone and pearl exports to Italy exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was held by Spain (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Italy stood at +32.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+33.6% per year) and Spain (+31.0% per year).

In value terms, the largest markets for precious stone and pearl exported from France were Switzerland ($X), the United States ($X) and the UK ($X), together comprising 69% of total exports. Italy, Belgium, Spain, Germany, the Netherlands, Austria and Denmark lagged somewhat behind, together comprising a further 16%.

Denmark, with a CAGR of +23.9%, recorded 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, rising by 33% against the previous year. Overall, the export price, however, saw a drastic downturn. The pace of growth was the most pronounced in 2020 when the average export price increased by 114%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Austria ($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 Switzerland (+64.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports into France

In 2022, approx. X tons of cultured pearls, precious or semi-precious stones were imported into France; increasing by 8.6% on 2021. In general, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2014 when imports increased by 131%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, precious stone and pearl imports soared to $X in 2022. Overall, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 +117.6% against 2020 indices. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Madagascar (X tons) constituted the largest precious stone and pearl supplier to France, accounting for a 45% share of total imports. Moreover, precious stone and pearl imports from Madagascar exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. The third position in this ranking was held by the United States (X tons), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Madagascar amounted to +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+25.5% per year) and the United States (+12.8% per year).

In value terms, the largest precious stone and pearl suppliers to France were Belgium ($X), the United States ($X) and India ($X), with a combined 58% share of total imports. China, Germany, Italy, South Africa, Myanmar, Brazil, Tanzania, Madagascar and Uruguay lagged somewhat behind, together comprising a further 5.7%.

In terms of the main suppliers, Myanmar, with a CAGR of +95.6%, 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

The average precious stone and pearl import price stood at $X per ton in 2022, surging by 46% against the previous year. Overall, the import price, however, continues to indicate a abrupt decrease. The growth pace was the most rapid in 2018 an increase of 93%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Madagascar ($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 (+31.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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