Kuwait - Cultured Pearls, Precious Or Semi-Precious Stones - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Precious Stone and Pearl in Kuwait - 2021
Contents:
- Price for Precious Stone and Pearl in Kuwait (CIF) - 2022
- Price for Precious Stone and Pearl in Kuwait (FOB) - 2022
- Imports of Precious Stone and Pearl in Kuwait
- Exports of Precious Stone and Pearl in Kuwait
Price for Precious Stone and Pearl in Kuwait (CIF) - 2022
The average precious stone and pearl import price stood at $10,917 per ton in 2022, waning by -9.8% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, precious stone and pearl import price increased by +14.8% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 87%. The import price peaked at $18,107 per ton in 2016; however, from 2017 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 Hong Kong SAR ($52,990 per ton), while the price for Thailand ($497 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+250.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Precious Stone and Pearl in Kuwait (FOB) - 2022
In 2022, the average precious stone and pearl export price amounted to $686 per ton, which is down by -15.8% against the previous year. Overall, the export price, however, enjoyed significant growth. The growth pace was the most rapid in 2015 an increase of 2,117%. The export price peaked at $2,164 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($94 per ton), while the average price for exports to Thailand amounted to $74 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+6.9%).
Imports of Precious Stone and Pearl in Kuwait
In 2022, precious stone and pearl imports into Kuwait reduced to 257 tons, waning by -8% against 2021 figures. Over the period under review, imports showed a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 19%.
In value terms, precious stone and pearl imports fell markedly to $2.8M in 2022. In general, imports showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 51%.
| Import of Precious Stone and Pearl in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 147 | 7.1 | 48.4 | 613 | 61.0% |
| United States | 146 | 171 | 85.0 | 320 | 29.9% |
| India | 252 | 1,028 | 732 | 258 | 0.8% |
| Belgium | 35.0 | 339 | 1,637 | 186 | 74.5% |
| United Kingdom | 0.3 | 163 | 2.7 | 139 | 673.8% |
| United Arab Emirates | 1,563 | 43.4 | 60.7 | 137 | -55.6% |
| Thailand | 146 | 26.7 | 12.9 | 67.4 | -22.7% |
| Turkey | 38.6 | 24.9 | 11.3 | 67.1 | 20.2% |
| South Africa | 44.2 | N/A | N/A | N/A | 0% |
| Others | 2,153 | 427 | 787 | 1,017 | -22.1% |
| Total | 4,525 | 2,230 | 3,377 | 2,804 | -14.7% |
Top Suppliers of Precious Stone and Pearl to Kuwait in 2022:
- Thailand (135.5 tons)
- Turkey (34.6 tons)
- United Arab Emirates (13.8 tons)
- India (12.1 tons)
- United States (11.6 tons)
- United Kingdom (11.6 tons)
- Hong Kong SAR (11.6 tons)
- Belgium (11.5 tons)
Exports of Precious Stone and Pearl in Kuwait
In 2022, the amount of cultured pearls, precious or semi-precious stones exported from Kuwait fell dramatically to 99 tons, with a decrease of -17.8% compared with 2021 figures. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 55%.
In value terms, precious stone and pearl exports fell dramatically to $68K in 2022. Over the period under review, exports saw a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 160%.
| Export of Precious Stone and Pearl in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.0 | 1.3 | 3.2 | 7.1 | 92.2% |
| United Arab Emirates | 2.9 | 2.1 | 3.4 | 2.3 | -7.4% |
| Thailand | 0.4 | 0.4 | 0.5 | 1.3 | 48.1% |
| Belgium | 1.1 | 0.8 | 1.0 | 0.8 | -10.1% |
| Swaziland | N/A | N/A | N/A | N/A | 0% |
| France | 5.0 | N/A | N/A | N/A | 0% |
| Saudi Arabia | N/A | N/A | 0.4 | N/A | 0% |
| Others | 149 | 33.3 | 90.0 | 56.8 | -27.5% |
| Total | 159 | 37.9 | 98.5 | 68.2 | -24.6% |
Top Export Markets for Precious Stone and Pearl from Kuwait in 2022:
- United States (75.5 tons)
- Thailand (17.2 tons)
This report provides an in-depth analysis of the market for precious stone and pearl in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32121100 - Cultured pearls, precious or semi-precious stones, including synthetic or reconstructed, worked but not set
Country coverage:
- Kuwait
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kuwait
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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