Report Update Apr 1, 2024

Cuba - Cultured Pearls, Precious or Semi-Precious Stones - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Market for Cultured Pearls, Precious Or Semi-Precious Stones 2022

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

In 2021, after four years of growth, there was significant decline in the Cuban precious stone and pearl market, when its value decreased by -7.8% to $X. In general, consumption, however, recorded a prominent increase. Over the period under review, the market hit record highs at $X in 2020, and then contracted in the following year.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Cuba

In 2015, approx. X kg of cultured pearls, precious or semi-precious stones were exported from Cuba; approximately equating 2014 figures. Overall, exports faced a dramatic decline. Over the period under review, the exports hit record highs at X kg in 2013; however, from 2014 to 2015, the exports failed to regain momentum.

In value terms, precious stone and pearl exports fell rapidly to $X in 2015. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2014 with an increase of 256% against the previous year. As a result, the exports attained the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Taiwan (Chinese) (X kg) was the main destination for precious stone and pearl exports from Cuba, accounting for a approx. 100% share of total exports.

From 2013 to 2015, the average annual growth rate of volume to Taiwan (Chinese) was relatively modest.

In value terms, Taiwan (Chinese) ($X) emerged as the key foreign market for precious stone and pearl exports from Cuba.

From 2013 to 2015, the average annual rate of growth in terms of value to Taiwan (Chinese) was relatively modest.

Export Prices by Country

In 2015, the average precious stone and pearl export price amounted to $X per ton, almost unchanged from the previous year. In general, the export price posted a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Taiwan (Chinese).

From 2013 to 2015, the rate of growth in terms of prices for Taiwan (Chinese) amounted to 0.0% per year.

Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports into Cuba

After nine years of growth, purchases abroad of cultured pearls, precious or semi-precious stones decreased by -8.3% to X tons in 2021. Over the period under review, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by 27% against the previous year. Imports peaked at X tons in 2020, and then contracted in the following year.

In value terms, precious stone and pearl imports shrank to $X in 2021. Overall, imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2015 when imports increased by 248%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) was the main precious stone and pearl supplier to Cuba, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +17.0%.

In value terms, Spain ($X) constituted the largest supplier of precious stone and pearl to Cuba.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to +7.8%.

Import Prices by Country

The average precious stone and pearl import price stood at $X per ton in 2021, growing by 6.6% against the previous year. Overall, the import price, however, recorded a deep setback. The pace of growth was the most pronounced in 2015 when the average import price increased by 190%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2012 to 2021, the rate of growth in terms of prices for Spain amounted to -7.9% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest producers of cultured pearls, precious or semi-precious stones in the world?

Vietnam remains the largest precious stone and pearl producing country worldwide, accounting for 97% of total volume. It was followed by Brazil, with a 1.7% share of total production.

What are the leading suppliers of cultured pearls, precious or semi-precious stones to Cuba?

In value terms, Spain constituted the largest supplier of precious stone and pearl to Cuba.

What are the leading importers of cultured pearls, precious or semi-precious stones from Cuba?

In value terms, Taiwan Chinese) emerged as the key foreign market for precious stone and pearl exports from Cuba.

What is the average export price for cultured pearls, precious or semi-precious stones in Cuba?

In 2015, the average precious stone and pearl export price amounted to $507,125 per ton, approximately reflecting the previous year.

What is the average import price for cultured pearls, precious or semi-precious stones in Cuba?

The average precious stone and pearl import price stood at $136 per ton in 2021, rising by 6.6% against the previous year.

This report provides an in-depth analysis of the market for precious stone and pearl in Cuba. 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:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023