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

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

The Moroccan precious stone and pearl market surged to $X in 2022, rising by X% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable downturn. Precious stone and pearl consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

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

In value terms, precious stone and pearl production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

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Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Morocco

In 2022, approx. X tons of cultured pearls, precious or semi-precious stones were exported from Morocco; with a decrease of X% against 2021 figures. In general, exports, however, continue to indicate a perceptible expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, precious stone and pearl exports surged to $X in 2022. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for precious stone and pearl exports from Morocco, with a X% share of total exports. Moreover, precious stone and pearl exports to France exceeded the volume sent to the second major destination, Spain (X tons), more than tenfold. The third position in this ranking was taken by Thailand (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Thailand (X% per year).

In value terms, the largest markets for precious stone and pearl exported from Morocco were Thailand ($X), France ($X) and Canada ($X), together comprising X% of total exports. Spain, the United States, the Czech Republic, Brazil, Turkey and the UK lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Spain, 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

In 2022, the average precious stone and pearl export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price saw significant growth. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 Canada ($X per ton), while the average price for exports to France ($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 Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports into Morocco

In 2022, the amount of cultured pearls, precious or semi-precious stones imported into Morocco contracted dramatically to X tons, shrinking by X% compared with the previous year. In general, imports faced a precipitous contraction. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, precious stone and pearl imports surged to $X in 2022. Over the period under review, imports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

India (X tons), Switzerland (X tons) and China (X tons) were the main suppliers of precious stone and pearl imports to Morocco, together accounting for X% of total imports.

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

In value terms, the largest precious stone and pearl suppliers to Morocco were India ($X), Switzerland ($X) and the United Arab Emirates ($X), together comprising X% of total imports.

Among the main suppliers, India, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average precious stone and pearl import price stood at $X,521 per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price saw a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X,000 per ton), while the price for China ($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 UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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