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

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

The Venezuelan precious stone and pearl market shrank slightly to $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption, however, continues to indicate a significant increase. Precious stone and pearl consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

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

In value terms, precious stone and pearl production amounted to $X in 2022 estimated in export price. In general, production showed a deep contraction. The most prominent rate of growth was recorded 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 failed to regain momentum.

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Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Venezuela

In 2022, precious stone and pearl exports from Venezuela amounted to X tons, increasing by X% against 2021 figures. Over the period under review, exports, however, recorded a dramatic descent. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, precious stone and pearl exports reduced to $X in 2022. In general, exports, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Israel (X kg) and the United States (X kg) were the main destinations of precious stone and pearl exports from Venezuela.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of X%).

In value terms, the largest markets for precious stone and pearl exported from Venezuela were the United States ($X) and Israel ($X).

The United States, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average precious stone and pearl export price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price, however, saw significant growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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 Israel amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports into Venezuela

In 2022, the amount of cultured pearls, precious or semi-precious stones imported into Venezuela declined to X tons, approximately mirroring 2021. Overall, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, precious stone and pearl imports rose modestly to $X in 2022. In general, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest precious stone and pearl supplier to Venezuela, with a X% share of total imports. Moreover, precious stone and pearl imports from Brazil exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a X% share.

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

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

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

Import Prices by Country

In 2022, the average precious stone and pearl import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, continues to indicate a precipitous curtailment. The pace of growth was the most pronounced in 2016 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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