Price for Pearls; Articles of Natural or Cultured Pearls in Singapore - 2023
Contents:
- Price for Pearls; Articles of Natural or Cultured Pearls in Singapore (CIF) - 2022
- Price for Pearls; Articles of Natural or Cultured Pearls in Singapore (FOB) - 2022
- Imports of Pearls; Articles of Natural or Cultured Pearls in Singapore
- Exports of Pearls; Articles of Natural or Cultured Pearls in Singapore
Price for Pearls; Articles of Natural or Cultured Pearls in Singapore (CIF) - 2022
In 2022, the average import price for pearls; articles of natural or cultured pearlses amounted to $30,371 per ton, declining by -59.6% against the previous year. Overall, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 an increase of 76% against the previous year. Over the period under review, average import prices hit record highs at $132,354 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 Japan ($731,715 per ton), while the price for China ($19,923 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Pearls; Articles of Natural or Cultured Pearls in Singapore (FOB) - 2022
The average export price for pearls; articles of natural or cultured pearlses stood at $731,034 per ton in 2022, growing by 308% against the previous year. Over the period under review, the export price enjoyed a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($1,051,333 per ton), while the average price for exports to China ($124,857 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 Germany (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Pearls; Articles of Natural or Cultured Pearls in Singapore
In 2022, the amount of pearls; articles of natural or cultured pearlses imported into Singapore surged to 49 tons, rising by 362% against 2021 figures. Over the period under review, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of pearls; articles of natural or cultured pearlses skyrocketed to $1.5M in 2022. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Pearls; Articles of Natural or Cultured Pearls in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 4.8 | 196 | 257 | 680 | 421.3% |
| China | 15.3 | 5.0 | 12.0 | 545 | 229.0% |
| United States | 41.8 | 23.6 | 5.3 | 9.8 | -38.3% |
| Others | 242 | 257 | 515 | 239 | -0.4% |
| Total | 304 | 481 | 790 | 1,473 | 69.2% |
Top Suppliers of Pearls; Articles of Natural or Cultured Pearls to Singapore in 2022:
- China (27.4 tons)
- Taiwan (Chinese) (19.5 tons)
- United States (0.1 tons)
Exports of Pearls; Articles of Natural or Cultured Pearls in Singapore
In 2022, exports of pearls; articles of natural or cultured pearlses from Singapore fell remarkably to 117 kg, shrinking by -82.8% compared with the year before. Over the period under review, exports faced a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 269% against the previous year.
In value terms, exports of pearls; articles of natural or cultured pearlses dropped significantly to $86K in 2022. In general, exports recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 365% against the previous year.
| Export of Pearls; Articles of Natural or Cultured Pearls in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 13.3 | 4.1 | 11.4 | 25.2 | 23.7% |
| Hong Kong SAR | 0.2 | 1.5 | 4.3 | 21.7 | 377.0% |
| Malaysia | 1.7 | 0.9 | 8.6 | 14.1 | 102.4% |
| France | 2.2 | 1.2 | 5.0 | 7.5 | 50.5% |
| Germany | 2.9 | 1.1 | 3.7 | 6.4 | 30.2% |
| Indonesia | 1.3 | N/A | 1.6 | 4.0 | 45.4% |
| Australia | 132 | 0.2 | 4.9 | 2.6 | -73.0% |
| Spain | 6.6 | 0.3 | 1.9 | 2.0 | -32.8% |
| China | 1.3 | 0.5 | 1.6 | 0.9 | -11.5% |
| Nigeria | 0.9 | N/A | N/A | N/A | 0% |
| Switzerland | 5.2 | 2.5 | 25.3 | N/A | 120.6% |
| United Arab Emirates | 4.2 | 0.6 | 0.4 | N/A | -69.1% |
| Maldives | 9.9 | 3.0 | 8.1 | N/A | -9.5% |
| Others | 22.6 | 10.5 | 45.4 | 1.0 | -64.6% |
| Total | 204 | 26.3 | 122 | 85.5 | -25.2% |
Top Export Markets for Pearls; Articles of Natural or Cultured Pearls from Singapore in 2022:
- Hong Kong SAR (31.0 kg)
- Japan (24.0 kg)
- Malaysia (16.0 kg)
- France (13.0 kg)
- Indonesia (8.0 kg)
- Germany (7.0 kg)
- China (7.0 kg)
- Spain (4.0 kg)
- Australia (1.0 kg)
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