Price for Pearls; Articles of Natural or Cultured Pearls in Nepal - 2022

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

The average import price for pearls; articles of natural or cultured pearlses stood at $47,468 per ton in 2022, rising by 93% against the previous year. In general, the import price, however, showed a deep slump. Over the period under review, average import prices attained the peak figure at $136,730 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($48,040 per ton), while the price for India amounted to $46,818 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-9.8%).

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

The average export price for pearls; articles of natural or cultured pearlses stood at $10,845 per ton in 2022, waning by -5.4% against the previous year. Overall, the export price recorded a slight setback. The most prominent rate of growth was recorded in 2018 an increase of 408% against the previous year. Over the period under review, the average export prices reached the maximum at $29,743 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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 the United States ($18,094 per ton), while the average price for exports to Switzerland ($4,000 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 the United Arab Emirates (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, overseas purchases of pearls; articles of natural or cultured pearlses were finally on the rise to reach 47 kg for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a abrupt slump.

In value terms, imports of pearls; articles of natural or cultured pearlses skyrocketed to $2.2K in 2022. Over the period under review, imports, however, saw a deep reduction.

Import of Pearls; Articles of Natural or Cultured Pearls in Nepal (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	476	233	22.0	1,201	36.1%
India	3,257	789	1.0	1,030	-31.9%
United Arab Emirates	N/A	N/A	100	N/A	0%
Others	244	40.0	N/A	N/A	-83.6%
Total	3,977	1,062	123	2,231	-17.5%

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

China (25.0 kg)
India (22.0 kg)

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

In 2022, exports of pearls; articles of natural or cultured pearlses from Nepal amounted to 368 kg, flattening at 2021. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 69%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of pearls; articles of natural or cultured pearlses reduced modestly to $4K in 2022. The total export value increased at an average annual rate of +5.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 11%.