Price for Pearls; Articles of Natural or Cultured Pearls in the Philippines - 2022
Contents:
- Price for Pearls; Articles of Natural or Cultured Pearls in the Philippines (FOB) - 2022
- Price for Pearls; Articles of Natural or Cultured Pearls in the Philippines (CIF) - 2022
- Exports of Pearls; Articles of Natural or Cultured Pearls in the Philippines
- Imports of Pearls; Articles of Natural or Cultured Pearls in the Philippines
Price for Pearls; Articles of Natural or Cultured Pearls in the Philippines (FOB) - 2022
In 2022, the average export price for pearls; articles of natural or cultured pearlses amounted to $159,289 per ton, reducing by -14.2% against the previous year. In general, the export price recorded a deep reduction. The growth pace was the most rapid in 2013 when the average export price increased by 37% against the previous year. As a result, the export price reached the peak level of $469,727 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($685,000 per ton), while the average price for exports to Hong Kong SAR ($54,689 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 Fiji (+9.6%), while the prices for the other major destinations experienced a decline.
Price for Pearls; Articles of Natural or Cultured Pearls in the Philippines (CIF) - 2022
The average import price for pearls; articles of natural or cultured pearlses stood at $42,080 per ton in 2022, shrinking by -10.9% against the previous year. Over the period under review, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 1,063% against the previous year. Over the period under review, average import prices hit record highs at $331,016 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 ($104,500 per ton), while the price for New Zealand ($17,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.9%), while the prices for the other major suppliers experienced a decline.
Exports of Pearls; Articles of Natural or Cultured Pearls in the Philippines
In 2022, exports of pearls; articles of natural or cultured pearlses from the Philippines dropped remarkably to 2.2 tons, with a decrease of -80.2% compared with the year before. Overall, exports showed a precipitous decrease. The pace of growth was the most pronounced in 2021 when exports increased by 100%.
In value terms, exports of pearls; articles of natural or cultured pearlses dropped dramatically to $355K in 2022. In general, exports showed a sharp curtailment. The growth pace was the most rapid in 2021 with an increase of 97% against the previous year.
| Export of Pearls; Articles of Natural or Cultured Pearls in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3,267 | 583 | 327 | 234 | -58.5% |
| Hong Kong SAR | 4,134 | 398 | 494 | 80.0 | -73.2% |
| Fiji | 9.8 | N/A | N/A | 22.4 | 31.7% |
| Japan | 677 | 5.9 | 1,252 | 6.8 | -78.4% |
| Others | 47.9 | 73.7 | 19.9 | 12.5 | -36.1% |
| Total | 8,136 | 1,060 | 2,092 | 355 | -64.8% |
Top Export Markets for Pearls; Articles of Natural or Cultured Pearls from the Philippines in 2022:
- Hong Kong SAR (1462.0 kg)
- United States (687.0 kg)
- Fiji (47.0 kg)
- Japan (10.0 kg)
Imports of Pearls; Articles of Natural or Cultured Pearls in the Philippines
In 2022, imports of pearls; articles of natural or cultured pearlses into the Philippines plummeted to 100 kg, which is down by -99.6% compared with the year before. Over the period under review, imports showed a significant curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 9,719% against the previous year. As a result, imports reached the peak of 25 tons, and then dropped markedly in the following year.
In value terms, imports of pearls; articles of natural or cultured pearlses shrank markedly to $4.2K in 2022. In general, imports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 6,856%. As a result, imports reached the peak of $1.2M, and then declined notably in the following year.
| Import of Pearls; Articles of Natural or Cultured Pearls in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | 4.6 | N/A | 2.3 | -29.3% |
| Germany | N/A | N/A | N/A | 1.4 | 0% |
| United States | N/A | N/A | N/A | 0.3 | 0% |
| China | 3.8 | 4.1 | 1,068 | 0.2 | -62.5% |
| New Zealand | N/A | N/A | N/A | N/A | 0% |
| United Arab Emirates | N/A | N/A | 85.0 | N/A | 0% |
| Others | 27.1 | 8.0 | 7.2 | N/A | -48.5% |
| Total | 30.8 | 16.7 | 1,160 | 4.2 | -48.5% |
Top Suppliers of Pearls; Articles of Natural or Cultured Pearls to the Philippines in 2022:
- Germany (58.0 kg)
- Japan (22.0 kg)
- United States (14.0 kg)
- China (4.0 kg)
- New Zealand (2.0 kg)
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