Price for Pearls; Articles of Natural or Cultured Pearls in Qatar - 2023
Contents:
- Price for Pearls; Articles of Natural or Cultured Pearls in Qatar (CIF) - 2023
- Imports of Pearls; Articles of Natural or Cultured Pearls in Qatar
Price for Pearls; Articles of Natural or Cultured Pearls in Qatar (CIF) - 2023
In October 2023, the average import price for pearls; articles of natural or cultured pearlses amounted to $33,044 per ton, shrinking by -55.1% against the previous month. Over the period under review, the import price saw a pronounced shrinkage. The most prominent rate of growth was recorded in November 2022 an increase of 94% m-o-m. Over the period under review, average import prices reached the maximum at $164K per ton in December 2022; however, from January 2023 to October 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Cambodia ($87,865 per ton), while the price for China ($20,119 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by India (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Pearls; Articles of Natural or Cultured Pearls in Qatar
In 2022, imports of pearls; articles of natural or cultured pearlses into Qatar declined to 74 tons, waning by -6.5% on the previous year. Over the period under review, imports showed a abrupt decrease.
In value terms, imports of pearls; articles of natural or cultured pearlses skyrocketed to $5.2M in 2022. The total import value increased at an average annual rate of +6.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Pearls; Articles of Natural or Cultured Pearls in Qatar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,356 | 986 | 1,210 | 1,054 | -23.5% |
| Turkey | 151 | 1,253 | 694 | 643 | 62.1% |
| Bangladesh | N/A | 475 | 364 | 445 | -3.2% |
| Morocco | 18.4 | 399 | 254 | 323 | 159.9% |
| United States | 252 | 288 | 196 | 207 | -6.3% |
| India | 58.4 | 135 | 192 | 165 | 41.4% |
| Pakistan | N/A | 169 | 80.0 | 147 | -6.7% |
| Cambodia | N/A | 129 | N/A | 144 | 5.7% |
| Portugal | N/A | 199 | 38.6 | 47.7 | -51.0% |
| Others | 1,430 | 1,094 | 978 | 1,995 | 11.7% |
| Total | 4,266 | 5,127 | 4,006 | 5,171 | 6.6% |
Top Suppliers of Pearls; Articles of Natural or Cultured Pearls to Qatar in 2022:
- China (34.1 tons)
- Turkey (11.7 tons)
- Bangladesh (9.2 tons)
- India (4.7 tons)
- Morocco (3.8 tons)
- Pakistan (3.0 tons)
- Cambodia (1.9 tons)
- Portugal (1.2 tons)
- United States (1.2 tons)
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