Price for Pearls; Articles of Natural or Cultured Pearls in Hong Kong SAR - 2023
Contents:
- Price for Pearls; Articles of Natural or Cultured Pearls in Hong Kong SAR (FOB) - 2022
- Price for Pearls; Articles of Natural or Cultured Pearls in Hong Kong SAR (CIF) - 2022
- Exports of Pearls; Articles of Natural or Cultured Pearls in Hong Kong SAR
- Imports of Pearls; Articles of Natural or Cultured Pearls in Hong Kong SAR
Price for Pearls; Articles of Natural or Cultured Pearls in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for pearls; articles of natural or cultured pearlses amounted to $993,641 per ton, picking up by 31% against the previous year. In general, the export price posted prominent growth. The pace of growth was the most pronounced in 2013 an increase of 46%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.
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 Australia ($2,866,394 per ton), while the average price for exports to India ($95,284 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 Australia (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Pearls; Articles of Natural or Cultured Pearls in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for pearls; articles of natural or cultured pearlses amounted to $677,013 per ton, rising by 103% against the previous year. In general, the import price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 an increase of 1,347% against the previous year. Over the period under review, average import prices attained the peak figure at $18,308,807 per ton in 2015; however, from 2016 to 2022, import prices stood 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 Japan ($4,302,008 per ton), while the price for China ($114,478 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Pearls; Articles of Natural or Cultured Pearls in Hong Kong SAR
In 2022, approx. 29 tons of pearls; articles of natural or cultured pearlses were exported from Hong Kong SAR; which is down by -22.1% compared with the year before. Overall, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 21%.
In value terms, exports of pearls; articles of natural or cultured pearlses expanded slightly to $29M in 2022. Over the period under review, exports showed a mild downturn. The pace of growth was the most pronounced in 2021 when exports increased by 36% against the previous year.
| Export of Pearls; Articles of Natural or Cultured Pearls in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.5 | 6.5 | 7.5 | 8.5 | 4.3% |
| China | 3.2 | 4.0 | 6.6 | 4.7 | 13.7% |
| Australia | 1.1 | 1.4 | 2.7 | 2.7 | 34.9% |
| Germany | 2.4 | 1.5 | 1.9 | 2.6 | 2.7% |
| France | 0.9 | 0.5 | 0.7 | 1.0 | 3.6% |
| Japan | 5.1 | 2.5 | 0.7 | 0.8 | -46.1% |
| United Kingdom | 0.9 | 0.5 | 0.7 | 0.4 | -23.7% |
| Canada | 0.1 | 0.3 | 0.4 | 0.3 | 44.2% |
| Italy | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| Mexico | 0.2 | 0.1 | 0.2 | 0.3 | 14.5% |
| India | N/A | N/A | 0.2 | 0.3 | 50.0% |
| Others | 8.5 | 3.7 | 6.7 | 7.2 | -5.4% |
| Total | 30.1 | 21.1 | 28.6 | 29.2 | -1.0% |
Top Export Markets for Pearls; Articles of Natural or Cultured Pearls from Hong Kong SAR in 2022:
- United States (12.1 tons)
- China (3.5 tons)
- India (2.9 tons)
- Germany (1.7 tons)
- Japan (1.1 tons)
- United Kingdom (1.1 tons)
- Mexico (1.0 tons)
- Australia (0.9 tons)
- France (0.8 tons)
- Canada (0.7 tons)
- Italy (0.5 tons)
Imports of Pearls; Articles of Natural or Cultured Pearls in Hong Kong SAR
In 2022, imports of pearls; articles of natural or cultured pearlses into Hong Kong SAR dropped sharply to 33 tons, which is down by -42.7% on 2021 figures. In general, imports saw a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 33% against the previous year. As a result, imports attained the peak of 57 tons, and then declined rapidly in the following year.
In value terms, imports of pearls; articles of natural or cultured pearlses soared to $22M in 2022. Overall, imports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 26%.
| Import of Pearls; Articles of Natural or Cultured Pearls in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 8.7 | 5.2 | 5.3 | 13.1 | 14.6% |
| China | 6.9 | 3.9 | 4.5 | 3.1 | -23.4% |
| Germany | 0.4 | 0.2 | 0.2 | 0.2 | -20.6% |
| Others | 7.5 | 5.6 | 9.0 | 5.6 | -9.3% |
| Total | 23.5 | 15.0 | 18.9 | 22.0 | -2.2% |
Top Suppliers of Pearls; Articles of Natural or Cultured Pearls to Hong Kong SAR in 2022:
- China (27.0 tons)
- Japan (3.0 tons)
- Germany (0.7 tons)
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