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

Contents:

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

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

In 2022, the average export price for pearls; articles of natural or cultured pearlses amounted to $1,279,800 per ton, increasing by 3,441% against the previous year. Overall, the export price showed a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +46.0% per year.

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

In 2022, the average import price for pearls; articles of natural or cultured pearlses amounted to $106,736 per ton, growing by 21% against the previous year. Over the period under review, the import price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 1,114%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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 China ($118,705 per ton), while the price for the United Arab Emirates totaled $2,291 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.0%).

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

In 2022, overseas shipments of pearls; articles of natural or cultured pearlses decreased by -64.3% to 10 kg, falling for the second year in a row after two years of growth. Over the period under review, exports saw a precipitous slump. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. As a result, the exports reached the peak of 33 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of pearls; articles of natural or cultured pearlses skyrocketed to $13K in 2022. In general, exports, however, showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Thailand (10.0 kg)

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

In 2022, supplies from abroad of pearls; articles of natural or cultured pearlses decreased by -37.6% to 1.8 tons, falling for the second consecutive year after two years of growth. In general, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 15,230% against the previous year. As a result, imports reached the peak of 17 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of pearls; articles of natural or cultured pearlses fell rapidly to $190K in 2022. Overall, imports, however, saw significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 4,416% against the previous year.

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

1. China (1593.0 kg)
2. United Arab Emirates (182.0 kg)

Source: IndexBox Market Intelligence Platform