Price for Pearls; Articles of Natural or Cultured Pearls in Thailand - 2024
Contents:
- Price for Pearls; Articles of Natural or Cultured Pearls in Thailand (FOB) - 2022
- Price for Pearls; Articles of Natural or Cultured Pearls in Thailand (CIF) - 2022
- Exports of Pearls; Articles of Natural or Cultured Pearls in Thailand
- Imports of Pearls; Articles of Natural or Cultured Pearls in Thailand
Price for Pearls; Articles of Natural or Cultured Pearls in Thailand (FOB) - 2022
In 2022, the average export price for pearls; articles of natural or cultured pearlses amounted to $2,410,235 per ton, increasing by 14% against the previous year. Over the period under review, the export price enjoyed a strong expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by 282%. As a result, the export price attained the peak level of $2,739 per kg. From 2015 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,471,171 per ton), while the average price for exports to Australia ($877,000 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 States (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Pearls; Articles of Natural or Cultured Pearls in Thailand (CIF) - 2022
In 2022, the average import price for pearls; articles of natural or cultured pearlses amounted to $663,472 per ton, with an increase of 77% against the previous year. Overall, the import price, however, showed a abrupt decline. The growth pace was the most rapid in 2017 when the average import price increased by 119%. Over the period under review, average import prices reached the peak figure at $4,771,304 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($1,642,571 per ton), while the price for India ($130,978 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Pearls; Articles of Natural or Cultured Pearls in Thailand
In 2022, approx. 1.2 tons of pearls; articles of natural or cultured pearlses were exported from Thailand; growing by 70% on the previous year's figure. In general, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 105% against the previous year.
In value terms, exports of pearls; articles of natural or cultured pearlses skyrocketed to $2.9M in 2022. Overall, exports, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of 109%.
| Export of Pearls; Articles of Natural or Cultured Pearls in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 108 | 545 | 1,322 | 2,654 | 190.7% |
| Japan | 102 | 147 | 70.4 | 205 | 26.2% |
| Cambodia | N/A | N/A | 34.8 | N/A | 0% |
| United Arab Emirates | 2,799 | N/A | N/A | N/A | 0% |
| Others | 250 | 15.5 | 53.2 | 26.2 | -52.9% |
| Total | 3,258 | 707 | 1,480 | 2,885 | -4.0% |
Top Export Markets for Pearls; Articles of Natural or Cultured Pearls from Thailand in 2022:
- United States (1074.0 kg)
- Japan (85.0 kg)
Imports of Pearls; Articles of Natural or Cultured Pearls in Thailand
In 2022, imports of pearls; articles of natural or cultured pearlses into Thailand rose significantly to 566 kg, with an increase of 6.2% on 2021 figures. The total import volume increased at an average annual rate of +7.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 29% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of pearls; articles of natural or cultured pearlses soared to $376K in 2022. Over the period under review, imports, however, showed a sharp decrease.
| Import of Pearls; Articles of Natural or Cultured Pearls in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 65.6 | 60.5 | 35.8 | 197 | 44.3% |
| Japan | 105 | 103 | 4.7 | 92.0 | -4.3% |
| India | 1.5 | 0.3 | 1.7 | 29.9 | 171.1% |
| Hong Kong SAR | 10.0 | 7.8 | 39.5 | 13.8 | 11.3% |
| Indonesia | 0.5 | 0.1 | N/A | 9.8 | 169.6% |
| France | 97.7 | 114 | 21.9 | 1.9 | -73.1% |
| Spain | 101 | N/A | N/A | N/A | 0% |
| Dominican Republic | N/A | N/A | 3.7 | N/A | 0% |
| Philippines | N/A | 7.7 | 11.5 | N/A | 49.4% |
| United Arab Emirates | 1,800 | N/A | 0.3 | N/A | -98.7% |
| Others | 13.3 | 40.2 | 80.7 | 31.3 | 33.0% |
| Total | 2,195 | 333 | 200 | 376 | -44.5% |
Top Suppliers of Pearls; Articles of Natural or Cultured Pearls to Thailand in 2022:
- India (228.0 kg)
- China (165.0 kg)
- Japan (56.0 kg)
- Indonesia (44.0 kg)
- Hong Kong SAR (29.0 kg)
- France (1.0 kg)
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