Price for Pearls; Articles of Natural or Cultured Pearls in Kenya - 2022
Contents:
- Price for Pearls; Articles of Natural or Cultured Pearls in Kenya (CIF) - 2022
- Price for Pearls; Articles of Natural or Cultured Pearls in Kenya (FOB) - 2022
- Imports of Pearls; Articles of Natural or Cultured Pearls in Kenya
- Exports of Pearls; Articles of Natural or Cultured Pearls in Kenya
Price for Pearls; Articles of Natural or Cultured Pearls in Kenya (CIF) - 2022
The average import price for pearls; articles of natural or cultured pearlses stood at $13,131 per ton in 2022, shrinking by -48% against the previous year. In general, the import price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 an increase of 26% against the previous year. The import price peaked at $74,344 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($51,977 per ton), while the price for South Africa ($4,677 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+12.2%), while the prices for the other major suppliers experienced a decline.
Price for Pearls; Articles of Natural or Cultured Pearls in Kenya (FOB) - 2022
In 2022, the average export price for pearls; articles of natural or cultured pearlses amounted to $49,182 per ton, shrinking by -47.6% against the previous year. In general, the export price showed a perceptible slump. The most prominent rate of growth was recorded in 2016 when the average export price increased by 225% against the previous year. Over the period under review, the average export prices hit record highs at $120,167 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($70,420 per ton), while the average price for exports to Denmark ($2,840 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 the United Arab Emirates (+15.2%), while the prices for the other major destinations experienced a decline.
Imports of Pearls; Articles of Natural or Cultured Pearls in Kenya
Imports of pearls; articles of natural or cultured pearlses into Kenya skyrocketed to 1.7 tons in 2022, increasing by 722% compared with 2021. Overall, imports saw strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of pearls; articles of natural or cultured pearlses skyrocketed to $23K in 2022. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Pearls; Articles of Natural or Cultured Pearls in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.2 | 0.2 | 0.6 | 11.1 | 109.9% |
| United Kingdom | 10.2 | 1.0 | 0.9 | 9.1 | -3.7% |
| South Africa | 0.6 | 0.2 | 0.3 | 2.6 | 63.0% |
| France | 10.1 | 1.6 | 3.5 | N/A | -41.1% |
| India | 0.1 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 22.3 | 3.1 | 5.3 | 22.9 | 0.9% |
Top Suppliers of Pearls; Articles of Natural or Cultured Pearls to Kenya in 2022:
- China (994.0 kg)
- South Africa (560.0 kg)
- United Kingdom (176.0 kg)
Exports of Pearls; Articles of Natural or Cultured Pearls in Kenya
In 2022, exports of pearls; articles of natural or cultured pearlses from Kenya skyrocketed to 148 kg, rising by 196% on the previous year. Over the period under review, exports enjoyed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of pearls; articles of natural or cultured pearlses soared to $7.3K in 2022. Overall, total exports indicated measured growth from 2019 to 2022: its value increased at an average annual rate of +2.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Pearls; Articles of Natural or Cultured Pearls in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 2.4 | 0.9 | 1.0 | 7.0 | 42.9% |
| Rwanda | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Denmark | N/A | N/A | N/A | 0.1 | 0% |
| Cameroon | 0.1 | N/A | N/A | N/A | 0% |
| Germany | N/A | N/A | 0.1 | N/A | 0% |
| United Arab Emirates | 0.5 | 0.1 | 0.1 | N/A | -55.3% |
| Netherlands | 3.5 | 0.9 | 0.8 | N/A | -52.2% |
| Others | 0.2 | 3.9 | 2.8 | N/A | 274.2% |
| Total | 6.8 | 5.8 | 4.7 | 7.3 | 2.4% |
Top Export Markets for Pearls; Articles of Natural or Cultured Pearls from Kenya in 2022:
- Norway (100.0 kg)
- Denmark (25.0 kg)
- Rwanda (21.0 kg)
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