Price for Pearls; Articles of Natural or Cultured Pearls in the Dominican Republic - 2023

Contents:

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

Price for Pearls; Articles of Natural or Cultured Pearls in the Dominican Republic (CIF) - 2022

In 2022, the average import price for pearls; articles of natural or cultured pearlses amounted to $7,786 per ton, with a decrease of -10.8% against the previous year. In general, the import price saw a abrupt downturn. The pace of growth appeared the most rapid in 2015 an increase of 14%. As a result, import price reached the peak level of $55,160 per ton. From 2016 to 2022, the average import prices remained 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 Spain ($41,000 per ton), while the price for China stood at $7,202 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-1.7%).

Price for Pearls; Articles of Natural or Cultured Pearls in the Dominican Republic (FOB) - 2022

The average export price for pearls; articles of natural or cultured pearlses stood at $30,737 per ton in 2022, surging by 133% against the previous year. In general, the export price, however, saw a deep setback. Over the period under review, the average export prices hit record highs at $197,717 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($173,000 per ton), while the average price for exports to Spain ($10,000 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 Venezuela (+34.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pearls; Articles of Natural or Cultured Pearls in the Dominican Republic

In 2022, approx. 7.8 tons of pearls; articles of natural or cultured pearlses were imported into the Dominican Republic; increasing by 322% compared with the previous year's figure. Overall, imports posted significant growth. As a result, imports reached 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 $61K in 2022. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Pearls; Articles of Natural or Cultured Pearls to the Dominican Republic in 2022:

1. China (7.7 tons)

Exports of Pearls; Articles of Natural or Cultured Pearls in the Dominican Republic

Exports of pearls; articles of natural or cultured pearlses from the Dominican Republic skyrocketed to 137 kg in 2022, jumping by 19% against 2021 figures. Overall, exports saw a moderate expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of pearls; articles of natural or cultured pearlses skyrocketed to $4.2K in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Pearls; Articles of Natural or Cultured Pearls from the Dominican Republic in 2022:

1. Mexico (35.0 kg)
2. United States (32.0 kg)
3. Panama (8.0 kg)
4. Venezuela (8.0 kg)

Source: IndexBox Market Intelligence Platform