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

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

The Asia-Pacific precious stone and pearl market soared to $X.1B in 2022, rising by X% against the previous year. Over the period under review, consumption showed significant growth. As a result, consumption attained the peak level of $X.6B. From 2021 to 2022, the growth of the market remained at a lower figure.

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

In value terms, precious stone and pearl production dropped modestly to $X in 2022 estimated in export price. Overall, production showed a pronounced descent. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports in Asia-Pacific

Precious stone and pearl exports amounted to X tons in 2022, picking up by X% on the previous year's figure. In general, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. 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 totaled $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

China (X tons) and Hong Kong SAR (X tons) represented roughly X% of total exports in 2022. India (X tons) ranks next in terms of the total exports with an X% share, followed by Thailand (X%). The following exporters - Vietnam (X tons) and Singapore (X tons) - each recorded a X% share 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 Thailand ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports. China, Singapore and Vietnam lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2016 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Vietnam ($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-Pacific

In 2022, precious stone and pearl imports in Asia-Pacific skyrocketed to X tons, rising by X% compared with the previous year's figure. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports reached 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 reached $X in 2022. Total imports indicated a tangible expansion 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 growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China prevails in imports structure, recording 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, Hong Kong SAR ($X), China ($X) and Taiwan (Chinese) ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

China, with a CAGR of X%, saw 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

The import price in Asia-Pacific stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price saw a significant decline. The pace of growth was the most pronounced 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 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 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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