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

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

The average import price for pearls; articles of natural or cultured pearlses stood at $67,226 per ton in 2022, remaining constant against the previous year. In general, the import price continues to indicate a slight slump. The pace of growth appeared the most rapid in 2014 an increase of 95% against the previous year. The import price peaked at $124,829 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($70,916 per ton), while the price for India stood at $49,292 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+52.4%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for pearls; articles of natural or cultured pearlses stood at $63,000 per ton in 2022, picking up by 8% against the previous year. Overall, the export price, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2015 an increase of 880% against the previous year. The export price peaked at $156,000 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Qatar amounted to -5.8% per year.

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

In 2022, the amount of pearls; articles of natural or cultured pearlses imported into Morocco dropped remarkably to 133 kg, which is down by -37.9% on the year before. In general, imports saw a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 263% against the previous year.

In value terms, imports of pearls; articles of natural or cultured pearlses plummeted to $8.9K in 2022. Over the period under review, imports recorded a dramatic setback. The most prominent rate of growth was recorded in 2021 when imports increased by 294% against the previous year.

Import of Pearls; Articles of Natural or Cultured Pearls in Morocco (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	90.9	3.6	14.4	5.9	-59.8%
India	N/A	N/A	0.1	2.4	2300.0%
Malaysia	2.4	N/A	N/A	N/A	0%
Others	0.5	0.1	0.1	0.7	11.9%
Total	93.7	3.7	14.6	8.9	-54.4%

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

China (83.0 kg)
India (48.0 kg)

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

In 2022, overseas shipments of pearls; articles of natural or cultured pearlses decreased by 99.9% to 2 kg, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a significant curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 2,790%. As a result, the exports reached the peak of 6.5 tons. 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 contracted dramatically to $126 in 2022. Overall, exports saw a dramatic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 2,071% against the previous year. As a result, the exports reached the peak of $400K. From 2021 to 2022, the growth of the exports of failed to regain momentum.