Price for Pearls; Articles of Natural or Cultured Pearls in India - 2023

Contents:

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

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

The average export price for pearls; articles of natural or cultured pearlses stood at $310,573 per ton in 2022, rising by 6.1% against the previous year. In general, the export price enjoyed strong growth. The growth pace was the most rapid in 2013 an increase of 211% against the previous year. Over the period under review, the average export prices reached the peak figure at $532,522 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($430,111 per ton), while the average price for exports to Morocco ($31,650 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 Switzerland (+29.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for pearls; articles of natural or cultured pearlses amounted to $56,418 per ton, jumping by 161% against the previous year. Over the period under review, the import price, however, continues to indicate a drastic downturn. Over the period under review, average import prices hit record highs at $435,859 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($52,224 per ton), while the price for China ($35,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-10.0%).

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

Exports of pearls; articles of natural or cultured pearlses from India soared to 3.2 tons in 2022, with an increase of 89% on 2021. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 686% against the previous year.

In value terms, exports of pearls; articles of natural or cultured pearlses surged to $1M in 2022. Over the period under review, exports showed strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by 556% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

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

1. Switzerland (2353.0 kg)
2. United States (382.0 kg)
3. United Arab Emirates (216.0 kg)
4. Thailand (66.0 kg)
5. Morocco (60.0 kg)

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

In 2022, the amount of pearls; articles of natural or cultured pearlses imported into India stood at 11 tons, rising by 10% against the year before. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 3,400% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of pearls; articles of natural or cultured pearlses skyrocketed to $613K in 2022. In general, imports saw significant growth. The growth pace was the most rapid in 2021 when imports increased by 250% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

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

1. Switzerland (10.3 tons)
2. Qatar (0.3 tons)

Source: IndexBox Market Intelligence Platform