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

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

After three years of growth, the Pakistani precious stone and pearl market decreased by X% to $X in 2022. In general, consumption, however, enjoyed buoyant growth. Precious stone and pearl consumption peaked at $X in 2021, and then dropped in the following year.

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

In value terms, precious stone and pearl production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2021, and then declined slightly in the following year.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Pakistan

In 2022, overseas shipments of cultured pearls, precious or semi-precious stones increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, faced a precipitous decrease. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, precious stone and pearl exports soared to $X in 2022. In general, exports enjoyed moderate growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The UK (X tons) was the main destination for precious stone and pearl exports from Pakistan, with a X% share of total exports. Moreover, precious stone and pearl exports to the UK exceeded the volume sent to the second major destination, Japan (X tons), twofold. France (X tons) ranked third in terms of total exports with a X% share.

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

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

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Canada (X% per year).

Export Prices by Country

The average precious stone and pearl export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price continues to indicate significant growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Poland ($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 the United States (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 Pakistan

In 2022, the amount of cultured pearls, precious or semi-precious stones imported into Pakistan dropped notably to X tons, which is down by X% on the previous year's figure. Overall, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, precious stone and pearl imports soared to $X in 2022. Over the period under review, imports saw a abrupt slump. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of precious stone and pearl to Pakistan, accounting for a X% share of total imports. Moreover, precious stone and pearl imports from India exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. Tanzania (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Tanzania (X% per year).

In value terms, India ($X) constituted the largest supplier of cultured pearls, precious or semi-precious stones to Pakistan, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by Tanzania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Tanzania (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. Overall, the import price posted pronounced growth. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

Source: IndexBox Platform

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