Price for Pearls; Articles of Natural or Cultured Pearls in Japan - 2023
Contents:
- Price for Pearls; Articles of Natural or Cultured Pearls in Japan (FOB) - 2023
- Price for Pearls; Articles of Natural or Cultured Pearls in Japan (CIF) - 2022
- Exports of Pearls; Articles of Natural or Cultured Pearls in Japan
- Imports of Pearls; Articles of Natural or Cultured Pearls in Japan
Price for Pearls; Articles of Natural or Cultured Pearls in Japan (FOB) - 2023
The average export price for pearls; articles of natural or cultured pearlses stood at $6.8M per ton in November 2023, growing by 151% against the previous month. In general, the export price showed a relatively flat trend pattern. The export price peaked at $13.8M per ton in December 2022; afterwards, it flattened through to November 2023.
There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Hong Kong SAR ($17.9M per ton), while the average price for exports to China ($3.9M per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.3%), while the prices for the other major destinations experienced a decline.
Price for Pearls; Articles of Natural or Cultured Pearls in Japan (CIF) - 2022
The average import price for pearls; articles of natural or cultured pearlses stood at $340,665 per ton in 2022, declining by -24.4% against the previous year. In general, the import price continues to indicate a abrupt decline. The growth pace was the most rapid in 2016 an increase of 83% against the previous year. As a result, import price attained the peak level of $1,526 per kg. From 2017 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($2,403,000 per ton), while the price for South Korea ($252,297 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the prices for the other major suppliers experienced a decline.
Exports of Pearls; Articles of Natural or Cultured Pearls in Japan
In 2022, the amount of pearls; articles of natural or cultured pearlses exported from Japan soared to 7.2 tons, increasing by 187% compared with 2021 figures. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 331%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of pearls; articles of natural or cultured pearlses skyrocketed to $54M in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 273%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Pearls; Articles of Natural or Cultured Pearls in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 15.7 | 5.7 | 21.4 | 35.7 | 31.5% |
| China | 0.7 | 0.5 | 3.1 | 13.9 | 170.8% |
| Macao SAR | N/A | N/A | 0.2 | 3.3 | 1550.0% |
| Taiwan (Chinese) | 0.4 | 0.2 | 0.3 | 0.2 | -20.6% |
| Others | 1.4 | 0.4 | 0.5 | 1.3 | -2.4% |
| Total | 18.1 | 6.8 | 25.5 | 54.4 | 44.3% |
Top Export Markets for Pearls; Articles of Natural or Cultured Pearls from Japan in 2022:
- China (4.7 tons)
- Hong Kong SAR (2.0 tons)
- Macao SAR (0.2 tons)
- Taiwan (Chinese) (0.1 tons)
Imports of Pearls; Articles of Natural or Cultured Pearls in Japan
In 2022, the amount of pearls; articles of natural or cultured pearlses imported into Japan surged to 5.4 tons, jumping by 33% compared with the year before. Over the period under review, imports, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 84%.
In value terms, imports of pearls; articles of natural or cultured pearlses amounted to $1.9M in 2022. Overall, imports, however, continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 31%.
| Import of Pearls; Articles of Natural or Cultured Pearls in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,068 | 591 | 1,399 | 1,147 | 2.4% |
| Italy | 39.5 | 148 | 62.7 | 151 | 56.4% |
| South Korea | 2.1 | 15.1 | 9.8 | 140 | 305.5% |
| France | 519 | 394 | 89.3 | 22.2 | -65.0% |
| Others | 4,590 | 258 | 277 | 392 | -56.0% |
| Total | 6,219 | 1,407 | 1,838 | 1,853 | -33.2% |
Top Suppliers of Pearls; Articles of Natural or Cultured Pearls to Japan in 2022:
- China (4.5 tons)
- South Korea (0.6 tons)
- Italy (0.2 tons)
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