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

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

In 2022, the Swiss precious stone and pearl market increased by 55% to $X, rising for the third consecutive year after four years of decline. In general, consumption showed prominent growth. Precious stone and pearl consumption peaked in 2022 and is likely to continue growth in years to come.

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

In value terms, precious stone and pearl production amounted to $X in 2022 estimated in export price. In general, production saw a perceptible slump. The most prominent rate of growth was recorded in 2013 when the production volume decreased by -8.2% against the previous year. Precious stone and pearl production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Switzerland

In 2022, shipments abroad of cultured pearls, precious or semi-precious stones decreased by -59.3% to X tons, falling for the second year in a row after four years of growth. In general, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2018 when exports increased by 49% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, precious stone and pearl exports expanded to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 10% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for precious stone and pearl exports from Switzerland, with a 51% share of total exports. Moreover, precious stone and pearl exports to Germany exceeded the volume sent to the second major destination, France (X tons), fourfold. The third position in this ranking was held by Hong Kong SAR (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-10.5% per year) and Hong Kong SAR (-21.3% per year).

In value terms, the largest markets for precious stone and pearl exported from Switzerland were the United States ($X), France ($X) and Hong Kong SAR ($X), together accounting for 57% of total exports. Belgium, the UK, Israel, Thailand, Germany, Sri Lanka, Italy and India lagged somewhat behind, together comprising a further 28%.

Thailand, with a CAGR of +8.5%, saw the highest rates of growth with regard to 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, increasing by 155% against the previous year. Over the period under review, the export price showed a significant expansion. The most prominent rate of growth was recorded in 2021 an increase of 372%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to Germany ($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 Belgium (+55.5%), 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 Switzerland

In 2022, precious stone and pearl imports into Switzerland reduced rapidly to X tons, declining by -42.6% on the previous year. Overall, imports, however, recorded a tangible expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 91% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, precious stone and pearl imports skyrocketed to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 63%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest precious stone and pearl supplier to Switzerland, with a 34% share of total imports. Moreover, precious stone and pearl imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Madagascar (X tons) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.7% per year) and Madagascar (+14.9% per year).

In value terms, the largest precious stone and pearl suppliers to Switzerland were the United States ($X), Belgium ($X) and India ($X), with a combined 50% share of total imports. France, Hong Kong SAR, South Africa, Thailand, Germany, China, Mozambique, Madagascar, Zambia and Brazil lagged somewhat behind, together accounting for a further 25%.

Madagascar, with a CAGR of +19.3%, saw the highest growth rate of the value of imports, among the main suppliers 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, jumping by 105% against the previous year. Overall, the import price, however, continues to indicate a perceptible descent. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 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 ($X per ton), while the price for Brazil ($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 (+53.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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