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

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

The MERCOSUR precious stone and pearl market reduced rapidly to $X in 2022, falling by X% against the previous year. Over the period under review, consumption recorded a precipitous decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

In value terms, precious stone and pearl production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports in MERCOSUR

In 2022, the amount of cultured pearls, precious or semi-precious stones exported in MERCOSUR expanded significantly to X tons, surging by X% against 2021. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2013 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, precious stone and pearl exports surged to $X in 2022. Over the period under review, exports, however, recorded a noticeable shrinkage. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. Uruguay (X tons) took a little share of total exports.

Brazil 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. At the same time, Uruguay (X%) displayed positive paces of growth. Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while Uruguay saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Brazil ($X) remains the largest precious stone and pearl supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Uruguay ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Brazil totaled X%.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price, however, saw a sharp shrinkage. The pace of growth appeared the most rapid in 2016 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while Brazil totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports in MERCOSUR

In 2022, the amount of cultured pearls, precious or semi-precious stones imported in MERCOSUR amounted to X tons, with an increase of X% compared with the year before. Overall, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, precious stone and pearl imports surged to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Brazil was the key importer of cultured pearls, precious or semi-precious stones in MERCOSUR, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. Suriname (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Ecuador (X%) and Colombia (X%). Argentina (X tons) and Peru (X tons) followed a long way behind the leaders.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Suriname (X%), Colombia (X%), Ecuador (X%) and Peru (X%) displayed positive paces of growth. Moreover, Suriname emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%) illustrated a downward trend over the same period. Suriname (X p.p.), Ecuador (X p.p.) and Colombia (X p.p.) significantly strengthened its position in terms of the total imports, while Brazil and Argentina 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, Brazil ($X) constitutes the largest market for imported cultured pearls, precious or semi-precious stones in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Peru ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

In Brazil, precious stone and pearl imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Peru (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt slump. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Peru ($X per ton), while Suriname ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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