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

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

The Portuguese precious stone and pearl market totaled $X in 2022, surging by 3.5% 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). Overall, consumption showed a strong expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Portugal

In 2022, the amount of cultured pearls, precious or semi-precious stones exported from Portugal rose remarkably to X tons, picking up by 5.7% compared with 2021. Overall, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 399% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, precious stone and pearl exports surged to $X in 2022. In general, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 445%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for precious stone and pearl exports from Portugal, accounting for a 56% share of total exports. Moreover, precious stone and pearl exports to France exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), twofold. Finland (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to +46.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+81,888.2% per year) and Finland (+173.7% per year).

In value terms, France ($X) remains the key foreign market for cultured pearls, precious or semi-precious stones exports from Portugal, comprising 50% of total exports. The second position in the ranking was held by the United States ($X), with a 14% share of total exports. It was followed by Hong Kong SAR, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value to France stood at +52.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+27.8% per year) and Hong Kong SAR (+4,716.5% per year).

Export Prices by Country

In 2022, the average precious stone and pearl export price amounted to $X per ton, with an increase of 73% against the previous year. Over the period under review, the export price, however, continues to indicate a slight slump. The pace of growth appeared the most rapid in 2016 an increase of 744%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Finland ($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 Finland (+69.0%), 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 Portugal

Precious stone and pearl imports into Portugal was estimated at X tons in 2022, picking up by 3% against the previous year's figure. In general, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 138% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, precious stone and pearl imports rose notably to $X in 2022. Over the period under review, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of 17% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest precious stone and pearl supplier to Portugal, with a 87% share of total imports. Moreover, precious stone and pearl imports from Brazil exceeded the figures recorded by the second-largest supplier, Madagascar (X tons), more than tenfold. China (X tons) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil totaled +25.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Madagascar (+148.5% per year) and China (-1.8% per year).

In value terms, Brazil ($X) constituted the largest supplier of cultured pearls, precious or semi-precious stones to Portugal, comprising 22% of total imports. The second position in the ranking was held by China ($X), with a 7.7% share of total imports. It was followed by Madagascar, with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil totaled +44.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.9% per year) and Madagascar (+140.9% per year).

Import Prices by Country

The average precious stone and pearl import price stood at $X per ton in 2022, growing by 11% against the previous year. Over the period under review, the import price, however, faced a sharp curtailment. The growth pace was the most rapid in 2014 when the average import price increased by 247%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+31.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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