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

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

The Asian precious stone and pearl market surged to $X.5B in 2022, increasing by X% against the previous year. Overall, consumption showed a significant increase. As a result, consumption reached the peak level of $X.8B. From 2021 to 2022, the growth of the market failed to regain momentum.

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

In value terms, precious stone and pearl production contracted slightly to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible slump. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports in Asia

In 2022, approx. X tons of cultured pearls, precious or semi-precious stones were exported in Asia; surging by X% compared with 2021 figures. Overall, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2015 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, precious stone and pearl exports soared to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) and Hong Kong SAR (X tons) represented roughly X% of total exports in 2022. It was distantly followed by India (X tons) and Thailand (X tons), together constituting a X% share of total exports. The following exporters - Vietnam (X tons), Singapore (X tons) and Israel (X tons) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Hong Kong SAR ($X) and Israel ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Thailand, China, Singapore and Vietnam lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports in Asia

In 2022, the amount of cultured pearls, precious or semi-precious stones imported in Asia skyrocketed to X tons, rising by X% on 2021. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, precious stone and pearl imports surged to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

China dominates imports structure, amounting to X tons, which was near X% of total imports in 2022. Hong Kong SAR (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the cultured pearls, precious or semi-precious stones imports, with a CAGR of X% from 2012 to 2022. At the same time, Hong Kong SAR (X%) displayed positive paces of growth. Taiwan (Chinese) experienced a relatively flat trend pattern. China (X p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese) and Hong Kong SAR saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the largest precious stone and pearl importing markets in Asia were Hong Kong SAR ($X), China ($X) and Taiwan (Chinese) ($X), together comprising X% of total imports.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, waning by X% against the previous year. In general, the import price continues to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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