United Arab Emirates: Market for Cultured Pearls, Precious Or Semi-Precious Stones 2024

Market Size for Cultured Pearls, Precious Or Semi-Precious Stones in the United Arab Emirates

The precious stone and pearl market in the United Arab Emirates dropped to $X in 2022, shrinking by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a noticeable reduction. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from the United Arab Emirates

In 2022, precious stone and pearl exports from the United Arab Emirates reduced slightly to X tons, which is down by X% compared with the previous year's figure. Overall, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, precious stone and pearl exports reduced to $X in 2022. In general, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. 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

The UK (X tons), India (X tons) and Hong Kong SAR (X tons) were the main destinations of precious stone and pearl exports from the United Arab Emirates, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) remains the key foreign market for cultured pearls, precious or semi-precious stones exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports. It was followed by Israel, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Israel (X% per year).

Export Prices by Country

The average precious stone and pearl export price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price recorded a significant curtailment. The most prominent rate of growth was recorded in 2016 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the UK ($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 Nigeria (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 the United Arab Emirates

In 2022, imports of cultured pearls, precious or semi-precious stones into the United Arab Emirates shrank to X tons, with a decrease of X% compared with 2021 figures. Over the period under review, imports, however, recorded a prominent expansion. The growth pace was the most rapid in 2017 when imports increased by X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, precious stone and pearl imports fell to $X in 2022. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The UK (X tons), Israel (X tons) and India (X tons) were the main suppliers of precious stone and pearl imports to the United Arab Emirates, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Hong Kong SAR ($X) and the United States ($X) constituted the largest precious stone and pearl suppliers to the United Arab Emirates, together accounting for X% of total imports. Thailand, Israel, Zambia, the UK and Indonesia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Zambia, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average precious stone and pearl import price amounted to $X per ton, dropping by X% against the previous year. Overall, the import price faced a deep reduction. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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