Africa: Market for Cultured Pearls, Precious Or Semi-Precious Stones 2024

Market Size for Cultured Pearls, Precious Or Semi-Precious Stones in Africa

The African precious stone and pearl market dropped significantly to $X.8B in 2022, waning by X% against the previous year. Overall, consumption continues to indicate a abrupt curtailment. The level of consumption peaked at $X.2B in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Cultured Pearls, Precious Or Semi-Precious Stones in Africa

In value terms, precious stone and pearl production shrank to $X.7B in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X.2B in 2021, and then contracted modestly in the following year.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports in Africa

In 2022, the amount of cultured pearls, precious or semi-precious stones exported in Africa surged to X tons, growing by X% against the previous year's figure. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, precious stone and pearl exports surged to $X in 2022. Overall, exports recorded a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Mozambique (X tons) represented the main exporter of cultured pearls, precious or semi-precious stones in Africa, constituting X% of total export.

Mozambique was also the fastest-growing in terms of the cultured pearls, precious or semi-precious stones exports, with a CAGR of X% from 2012 to 2022. While the share of Mozambique (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mozambique ($X) also remains the largest precious stone and pearl supplier in Africa.

From 2012 to 2022, the average annual rate of growth in terms of value in Mozambique stood at X%.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, recorded a precipitous slump. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Mozambique.

From 2012 to 2022, the rate of growth in terms of prices for Mozambique amounted to X% per year.

Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports in Africa

Precious stone and pearl imports fell notably to X tons in 2022, reducing by X% compared with the year before. In general, imports showed a perceptible decline. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, precious stone and pearl imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

South Africa prevails in imports structure, reaching X tons, which was approx. X% of total imports in 2022. Chad (X tons) ranks second in terms of the total imports with a X% share, followed by Botswana (X%) and Egypt (X%). The following importers - Sierra Leone (X tons), Comoros (X tons) and Zambia (X tons) - together made up X% of total imports.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of cultured pearls, precious or semi-precious stones. At the same time, Comoros (X%), Sierra Leone (X%) and Botswana (X%) displayed positive paces of growth. Moreover, Comoros emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Zambia (X%), Egypt (X%) and Chad (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Botswana (X p.p.), Comoros (X p.p.) and Sierra Leone (X p.p.) significantly strengthened its position in terms of the total imports, while Egypt and Chad saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Botswana ($X) constitutes the largest market for imported cultured pearls, precious or semi-precious stones in Africa, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports. It was followed by Zambia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Botswana totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Zambia (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, rising by X% against the previous year. In general, the import price showed resilient growth. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Botswana ($X per ton), while Comoros ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :