Price for Pearls; Articles of Natural or Cultured Pearls in Australia - 2022

Contents:

1. Price for Pearls; Articles of Natural or Cultured Pearls in Australia (FOB) - 2022
2. Price for Pearls; Articles of Natural or Cultured Pearls in Australia (CIF) - 2022
3. Exports of Pearls; Articles of Natural or Cultured Pearls in Australia
4. Imports of Pearls; Articles of Natural or Cultured Pearls in Australia

Price for Pearls; Articles of Natural or Cultured Pearls in Australia (FOB) - 2022

The average export price for pearls; articles of natural or cultured pearlses stood at $6,045,047 per ton in 2022, picking up by 182% against the previous year. In general, the export price, however, showed a deep contraction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 189%. Over the period under review, the average export prices attained the peak figure at $13,995,986 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($27,470,785 per ton), while the average price for exports to New Zealand ($215,657 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 Germany (-1.4%), while the prices for the other major destinations experienced a decline.

Price for Pearls; Articles of Natural or Cultured Pearls in Australia (CIF) - 2022

In 2022, the average import price for pearls; articles of natural or cultured pearlses amounted to $520,767 per ton, remaining stable against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 240% against the previous year. As a result, import price attained the peak level of $1,789 per kg. From 2021 to 2022, the average import prices remained at a 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 Hong Kong SAR ($24,706,000 per ton), while the price for China ($310,661 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+29.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Pearls; Articles of Natural or Cultured Pearls in Australia

In 2022, after two years of decline, there was significant growth in shipments abroad of pearls; articles of natural or cultured pearlses, when their volume increased by 186% to 1.5 tons. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of pearls; articles of natural or cultured pearlses surged to $9.2M in 2022. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Pearls; Articles of Natural or Cultured Pearls from Australia in 2022:

1. New Zealand (432.0 kg)
2. Switzerland (264.0 kg)
3. Japan (237.0 kg)
4. United Kingdom (187.0 kg)
5. United States (184.0 kg)
6. Hong Kong SAR (114.0 kg)
7. Germany (49.0 kg)

Imports of Pearls; Articles of Natural or Cultured Pearls in Australia

In 2022, approx. 5.6 tons of pearls; articles of natural or cultured pearlses were imported into Australia; increasing by 26% compared with the previous year. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +10.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 37%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of pearls; articles of natural or cultured pearlses skyrocketed to $2.9M in 2022. Over the period under review, imports enjoyed a prominent expansion. The growth pace was the most rapid in 2020 when imports increased by 167% against the previous year. As a result, imports reached the peak of $5.9M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Pearls; Articles of Natural or Cultured Pearls to Australia in 2022:

1. China (5.4 tons)
2. United States (0.1 tons)

Source: IndexBox Market Intelligence Platform