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

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

In 2022, the Guatemalan precious stone and pearl market increased by X% to $X for the first time since 2017, thus ending a four-year declining trend. Over the period under review, consumption, however, recorded a sharp curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, precious stone and pearl production amounted to $X in 2022 estimated in export price. In general, production faced a significant decline. The growth pace was the most rapid in 2020 when the production volume decreased by X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Guatemala

Precious stone and pearl exports from Guatemala contracted sharply to X tons in 2022, shrinking by X% compared with 2021. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, precious stone and pearl exports dropped to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for precious stone and pearl exports from Guatemala, accounting for a X% share of total exports. Moreover, precious stone and pearl exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), more than tenfold. The United States (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Taiwan (Chinese) totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and the United States (X% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for cultured pearls, precious or semi-precious stones exports from Guatemala, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Taiwan (Chinese) stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and China (X% per year).

Export Prices by Country

The average precious stone and pearl export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, faced a precipitous shrinkage. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports into Guatemala

In 2022, overseas purchases of cultured pearls, precious or semi-precious stones decreased by X% to X kg for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports showed a precipitous decline. The pace of growth was the most pronounced in 2020 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, precious stone and pearl imports plummeted to $X in 2022. Overall, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X kg), the United States (X kg) and Hong Kong SAR (X kg) were the main suppliers of precious stone and pearl imports to Guatemala, together accounting for X% of total imports. The United Arab Emirates, India and Thailand lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of cultured pearls, precious or semi-precious stones to Guatemala, comprising X% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and China (X% per year).

Import Prices by Country

The average precious stone and pearl import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price enjoyed a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the United States ($X,679 per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :