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

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

The Italian precious stone and pearl market soared to $X in 2022, jumping by 110% against the previous year. Over the period under review, consumption, however, continues to indicate a pronounced shrinkage. Precious stone and pearl consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, precious stone and pearl production stood at $X in 2022 estimated in export price. Overall, production enjoyed a significant increase. The growth pace was the most rapid in 2021 when the production volume decreased by 99.9%. 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 Italy

In 2022, the amount of cultured pearls, precious or semi-precious stones exported from Italy surged to X tons, with an increase of 15% compared with the previous year's figure. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2017 with an increase of 546%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, precious stone and pearl exports contracted to $X in 2022. Over the period under review, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 46% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), the United States (X tons) and Thailand (X tons) were the main destinations of precious stone and pearl exports from Italy, together accounting for 83% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +57.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), the United States ($X) and Switzerland ($X) appeared to be the largest markets for precious stone and pearl exported from Italy worldwide, together comprising 65% of total exports.

The United States, with a CAGR of +21.2%, 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

The average precious stone and pearl export price stood at $X per ton in 2022, waning by -13.7% against the previous year. In general, the export price showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 95% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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 ($X per ton), while the average price for exports to Germany ($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 Hong Kong SAR (+17.0%), 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 Italy

In 2022, the amount of cultured pearls, precious or semi-precious stones imported into Italy reduced modestly to X tons, waning by -4.8% on the year before. Over the period under review, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 226% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, precious stone and pearl imports amounted to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +98.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 87% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) constituted the largest precious stone and pearl supplier to Italy, with a 69% share of total imports. Moreover, precious stone and pearl imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by India (X tons), with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil stood at -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-17.5% per year) and India (-14.7% per year).

In value terms, Belgium ($X) constituted the largest supplier of cultured pearls, precious or semi-precious stones to Italy, comprising 40% of total imports. The second position in the ranking was taken by India ($X), with a 15% share of total imports. It was followed by the United States, with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium amounted to +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+7.3% per year) and the United States (+4.1% per year).

Import Prices by Country

The average precious stone and pearl import price stood at $X per ton in 2022, picking up by 11% against the previous year. In general, the import price posted buoyant growth. The pace of growth was the most pronounced in 2020 when the average import price increased by 219% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average 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 ($X per ton), while the price for Brazil ($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 (+73.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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