Malta: Market for Cultured Pearls, Precious Or Semi-Precious Stones 2019

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

The revenue of the precious stone and pearl market in Malta amounted to $X in 2018, therefore, remained relatively stable 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, precious stone and pearl consumption continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2015 when the market value increased by X% year-to-year. In that year, the precious stone and pearl market reached its peak level of $X. From 2016 to 2018, the growth of the precious stone and pearl market failed to regain its momentum.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Malta

In 2018, approx. X kg of cultured pearls, precious or semi-precious stones were exported from Malta; approximately mirroring the previous year. In general, precious stone and pearl exports, however, continue to indicate an abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Malta exports peaked at X kg in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, precious stone and pearl exports totaled $X in 2018. In general, precious stone and pearl exports, however, continue to indicate a drastic curtailment. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Malta exports peaked at $X in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

Exports by Country

Thailand prevails in precious stone and pearl exports structure, reaching X tons, which was near X% of total exports in 2018. The U.S. (X tons) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the cultured pearls, precious or semi-precious stones exports, with a CAGR of +X% from 2007 to 2018. At the same time, the U.S. (+X%) displayed positive paces of growth. Thailand (+X p.p.) and the U.S. (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) remains the largest precious stone and pearl supplier from Malta, comprising X% of global exports. The second position in the ranking was occupied by Thailand ($X), with a X% share of global exports.

In the U.S., precious stone and pearl exports declined by an average annual rate of -X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Thailand (+X% per year) and Malta (-X% per year).

Export Prices by Country

The precious stone and pearl export price in Malta stood at $X per kg in 2018, rising by X% against the previous year. Over the period under review, the precious stone and pearl export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. In that year, the export prices for cultured pearls, precious or semi-precious stones attained their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the U.S. ($X per kg), while Thailand totaled $X per kg.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S..

Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports into Malta

In 2018, the amount of cultured pearls, precious or semi-precious stones imported into Malta amounted to X kg, growing by X% against the previous year. In general, precious stone and pearl imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2015 when imports increased by X% year-to-year. In that year, precious stone and pearl imports attained their peak of X tons. From 2016 to 2018, the growth of precious stone and pearl imports remained at a lower figure.

In value terms, precious stone and pearl imports totaled $X in 2018. In general, precious stone and pearl imports continue to indicate an abrupt drop. The pace of growth appeared the most rapid in 2011 when imports increased by X% y-o-y. In that year, precious stone and pearl imports attained their peak of $X. From 2012 to 2018, the growth of precious stone and pearl imports remained at a lower figure.

Imports by Country

China represented the main importer of cultured pearls, precious or semi-precious stones in the world, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2018. China, Hong Kong SAR (X tons) occupied the second position in the ranking, distantly followed by Thailand (X tons), Mauritius (X tons), the U.S. (X tons) and India (X tons). All these countries together occupied approx. X% share of total imports. Chile (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Mauritius (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), China, Hong Kong SAR ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by China, Thailand, Mauritius, Malta and Chile, which together accounted for a further X recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The precious stone and pearl import price in Malta stood at $X per kg in 2018, declining by -X% against the previous year. Overall, the precious stone and pearl import price continues to indicate an abrupt shrinkage. The pace of growth appeared the most rapid in 2012 an increase of X% against the previous year. In that year, the import prices for cultured pearls, precious or semi-precious stones reached their peak level of $X per kg. From 2013 to 2018, the growth in terms of the import prices for cultured pearls, precious or semi-precious stones remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per kg), while Chile ($X per kg) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform