Price for Pearls; Articles of Natural or Cultured Pearls in Bulgaria - 2023
Contents:
- Price for Pearls; Articles of Natural or Cultured Pearls in Bulgaria (CIF) - 2022
- Imports of Pearls; Articles of Natural or Cultured Pearls in Bulgaria
Price for Pearls; Articles of Natural or Cultured Pearls in Bulgaria (CIF) - 2022
In 2022, the average import price for pearls; articles of natural or cultured pearlses amounted to $359,484 per ton, rising by 26% against the previous year. Overall, the import price continues to indicate a tangible expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by 47%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
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 ($387,033 per ton), while the price for Romania ($176,182 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+121.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Pearls; Articles of Natural or Cultured Pearls in Bulgaria
In 2022, the amount of pearls; articles of natural or cultured pearlses imported into Bulgaria contracted markedly to 380 kg, which is down by -52.5% on the year before. Over the period under review, imports showed a abrupt setback. The pace of growth was the most pronounced in 2021 when imports increased by 160% against the previous year. As a result, imports attained the peak of 800 kg, and then reduced remarkably in the following year.
In value terms, imports of pearls; articles of natural or cultured pearlses declined sharply to $137K in 2022. In general, imports, however, posted slight growth. The most prominent rate of growth was recorded in 2021 with an increase of 137% against the previous year. As a result, imports reached the peak of $229K, and then shrank notably in the following year.
| Import of Pearls; Articles of Natural or Cultured Pearls in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 121 | 80.2 | 117 | 94.4 | -7.9% |
| Japan | N/A | N/A | N/A | 17.5 | 0% |
| China | 4.8 | 1.8 | 96.2 | 6.2 | 8.9% |
| Romania | 3.7 | 13.8 | 6.6 | 3.9 | 1.8% |
| Spain | N/A | N/A | 3.5 | 2.8 | -20.0% |
| United Kingdom | N/A | N/A | 2.1 | 2.4 | 14.3% |
| Netherlands | N/A | N/A | 0.3 | 2.3 | 666.7% |
| Others | 2.4 | 0.8 | 3.7 | 7.1 | 43.6% |
| Total | 132 | 96.6 | 229 | 137 | 1.2% |
Top Suppliers of Pearls; Articles of Natural or Cultured Pearls to Bulgaria in 2022:
- Hong Kong SAR (244.0 kg)
- Japan (52.0 kg)
- China (23.0 kg)
- Romania (22.0 kg)
- Spain (9.0 kg)
- Netherlands (8.0 kg)
- United Kingdom (8.0 kg)
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