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

Contents:

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

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

In 2022, the average import price for pearls; articles of natural or cultured pearlses amounted to $200,983 per ton, declining by -33.3% against the previous year. In general, the import price saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 an increase of 77% against the previous year. Over the period under review, average import prices reached the peak figure at $390,139 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Germany ($1,340,000 per ton), while the price for China ($65,014 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+66.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for pearls; articles of natural or cultured pearlses stood at $187,800 per ton in 2022, picking up by 15% against the previous year. Over the period under review, the export price enjoyed noticeable growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 748% against the previous year. Over the period under review, the average export prices reached the maximum at $2,053,679 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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 Russia ($661,000 per ton), while the average price for exports to Finland ($65,000 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 Estonia (+14.3%), while the prices for the other major destinations experienced a decline.

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

In 2022, imports of pearls; articles of natural or cultured pearlses into Lithuania reduced rapidly to 179 kg, with a decrease of -57.5% compared with the previous year's figure. Overall, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 190% against the previous year. As a result, imports reached the peak of 421 kg, and then reduced dramatically in the following year.

In value terms, imports of pearls; articles of natural or cultured pearlses dropped rapidly to $36K in 2022. In general, imports, however, enjoyed a mild increase. The growth pace was the most rapid in 2021 when imports increased by 413% against the previous year. As a result, imports attained the peak of $127K, and then fell rapidly in the following year.

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

1. China (69.0 kg)
2. Spain (66.0 kg)
3. Denmark (20.0 kg)
4. Poland (14.0 kg)
5. United States (6.0 kg)

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

In 2022, overseas shipments of pearls; articles of natural or cultured pearlses decreased by -63% to 10 kg, falling for the second consecutive year after two years of growth. In general, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 275%. As a result, the exports reached the peak of 45 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of pearls; articles of natural or cultured pearlses reduced rapidly to $1.9K in 2022. Overall, exports, however, saw slight growth. The most prominent rate of growth was recorded in 2020 with an increase of 326%. As a result, the exports reached the peak of $7.5K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Poland (3.0 kg)
2. Latvia (3.0 kg)
3. Estonia (2.0 kg)
4. Russia (1.0 kg)
5. Finland (1.0 kg)

Source: IndexBox Market Intelligence Platform