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

Contents:

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

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

In 2022, the average import price for pearls; articles of natural or cultured pearlses amounted to $12,195 per ton, which is down by -30.2% against the previous year. Over the period under review, the import price showed a deep contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 42% against the previous year. Over the period under review, average import prices reached the maximum at $110,395 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 South Africa ($13,203 per ton), while the price for Germany ($2,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+29.4%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for pearls; articles of natural or cultured pearlses amounted to $1,300 per ton, with a decrease of -91.1% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2014 an increase of 580%. Over the period under review, the average export prices hit record highs at $14,667 per ton in 2021, and then reduced sharply in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +53.3% per year.

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

In 2022, imports of pearls; articles of natural or cultured pearlses into Tanzania soared to 118 kg, picking up by 337% against the previous year's figure. Over the period under review, imports showed 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 $1.4K in 2022. Overall, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. South Africa (74.0 kg)
2. China (34.0 kg)
3. Germany (10.0 kg)

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

In 2022, after three years of growth, there was significant decline in shipments abroad of pearls; articles of natural or cultured pearlses, when their volume decreased by -16.7% to 10 kg. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of 140% against the previous year. As a result, the exports attained the peak of 12 kg, and then dropped sharply in the following year.

In value terms, exports of pearls; articles of natural or cultured pearlses fell significantly to $13 in 2022. Over the period under review, exports saw a sharp descent. The growth pace was the most rapid in 2021 with an increase of 376% against the previous year. As a result, the exports attained the peak of $176, and then reduced markedly in the following year.

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

1. Malaysia (10.0 kg)

Source: IndexBox Market Intelligence Platform