Price for Pearls; Articles of Natural or Cultured Pearls in Turkey - 2024
Contents:
- Price for Pearls; Articles of Natural or Cultured Pearls in Turkey (CIF) - 2022
- Price for Pearls; Articles of Natural or Cultured Pearls in Turkey (FOB) - 2022
- Imports of Pearls; Articles of Natural or Cultured Pearls in Turkey
- Exports of Pearls; Articles of Natural or Cultured Pearls in Turkey
Price for Pearls; Articles of Natural or Cultured Pearls in Turkey (CIF) - 2022
The average import price for pearls; articles of natural or cultured pearlses stood at $42,966 per ton in 2022, falling by -32.3% against the previous year. Overall, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 26%. As a result, import price reached the peak level of $269,024 per ton. From 2018 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for France amounted to +11.7% per year.
Price for Pearls; Articles of Natural or Cultured Pearls in Turkey (FOB) - 2022
The average export price for pearls; articles of natural or cultured pearlses stood at $445,449 per ton in 2022, surging by 121% against the previous year. In general, the export price continues to indicate a tangible expansion. The most prominent rate of growth was recorded in 2014 an increase of 426% against the previous year. As a result, the export price attained the peak level of $972,456 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($1,501,143 per ton), while the average price for exports to Serbia ($136,000 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 Romania (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Pearls; Articles of Natural or Cultured Pearls in Turkey
In 2022, imports of pearls; articles of natural or cultured pearlses into Turkey soared to 2.8 tons, with an increase of 31% on the previous year's figure. In general, imports posted a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 76% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of pearls; articles of natural or cultured pearlses fell to $119K in 2022. Overall, imports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year.
| Import of Pearls; Articles of Natural or Cultured Pearls in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 175 | 78.9 | 111 | 91.5 | -19.4% |
| Others | 41.3 | 12.7 | 22.8 | 27.2 | -13.0% |
| Total | 216 | 91.6 | 134 | 119 | -18.0% |
Top Suppliers of Pearls; Articles of Natural or Cultured Pearls to Turkey in 2022:
- China (2.7 tons)
Exports of Pearls; Articles of Natural or Cultured Pearls in Turkey
In 2022, approx. 127 kg of pearls; articles of natural or cultured pearlses were exported from Turkey; picking up by 18% compared with the previous year. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +14.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.2% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of pearls; articles of natural or cultured pearlses surged to $57K in 2022. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Pearls; Articles of Natural or Cultured Pearls in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Libya | 3.1 | 2.6 | 2.9 | 11.9 | 56.6% |
| United States | N/A | N/A | 6.7 | 11.8 | 76.1% |
| Saudi Arabia | N/A | N/A | N/A | 10.5 | 0% |
| Romania | 3.3 | 1.4 | 7.0 | 7.2 | 29.7% |
| Luxembourg | N/A | N/A | N/A | 0.7 | 0% |
| Serbia | N/A | N/A | N/A | 0.5 | 0% |
| Lithuania | 5.6 | N/A | N/A | N/A | 0% |
| Spain | 5.6 | 3.8 | 0.3 | N/A | -76.9% |
| Germany | N/A | 0.8 | 2.8 | N/A | 250.0% |
| Oman | N/A | 0.1 | N/A | N/A | 0% |
| Others | 0.7 | 1.3 | 2.0 | 13.9 | 170.8% |
| Total | 18.3 | 10.1 | 21.7 | 56.6 | 45.7% |
Top Export Markets for Pearls; Articles of Natural or Cultured Pearls from Turkey in 2022:
- United States (51.0 kg)
- Libya (37.0 kg)
- Romania (20.0 kg)
- Saudi Arabia (7.0 kg)
- Serbia (4.0 kg)
- Luxembourg (2.0 kg)
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