Price for Pearls; Articles of Natural or Cultured Pearls in Malaysia - 2024

Contents:

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

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

In 2022, the average import price for pearls; articles of natural or cultured pearlses amounted to $3,152,409 per ton, with a decrease of -9.4% against the previous year. Over the period under review, the import price, however, posted a strong expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 165%. Over the period under review, average import prices hit record highs at $3,480,278 per ton in 2021, and then reduced in the following year.

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 Hong Kong SAR ($4,013,926 per ton), while the price for Japan ($1,757,714 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+19.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for pearls; articles of natural or cultured pearlses amounted to $502,000 per ton, waning by -41.5% against the previous year. In general, the export price recorded a noticeable decrease. The pace of growth appeared the most rapid in 2019 when the average export price increased by 718%. As a result, the export price attained the peak level of $2,118 per kg. From 2020 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +26.4% per year.

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

In 2022, imports of pearls; articles of natural or cultured pearlses into Malaysia soared to 44 kg, increasing by 144% compared with the previous year. Overall, imports, however, continue to indicate a precipitous setback.

In value terms, imports of pearls; articles of natural or cultured pearlses surged to $139K in 2022. In general, imports, however, continue to indicate a deep slump.

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

1. Hong Kong SAR (27.0 kg)
2. Japan (14.0 kg)
3. China (3.0 kg)

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

Exports of pearls; articles of natural or cultured pearlses from Malaysia reduced remarkably to 1 kg in 2022, which is down by -96.4% compared with the previous year's figure. In general, exports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 1,300%.

In value terms, exports of pearls; articles of natural or cultured pearlses declined sharply to $502 in 2022. Over the period under review, exports continue to indicate a sharp downturn. The growth pace was the most rapid in 2021 with an increase of 2,068%.

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

1. United States (1.0 kg)

Source: IndexBox Market Intelligence Platform