Price for Pearls; Articles of Natural or Cultured Pearls in Bangladesh - 2022

Contents:

1. Price for Pearls; Articles of Natural or Cultured Pearls in Bangladesh (FOB) - 2022
2. Price for Pearls; Articles of Natural or Cultured Pearls in Bangladesh (CIF) - 2022
3. Exports of Pearls; Articles of Natural or Cultured Pearls in Bangladesh
4. Imports of Pearls; Articles of Natural or Cultured Pearls in Bangladesh

Price for Pearls; Articles of Natural or Cultured Pearls in Bangladesh (FOB) - 2022

In 2022, the average export price for pearls; articles of natural or cultured pearlses amounted to $49,443 per ton, increasing by 4.1% against the previous year. Overall, the export price, however, faced a deep contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 12%. Over the period under review, the average export prices attained the maximum at $169,333 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Qatar.

From 2012 to 2022, the rate of growth in terms of prices for Qatar amounted to -12.0% per year.

Price for Pearls; Articles of Natural or Cultured Pearls in Bangladesh (CIF) - 2022

In 2022, the average import price for pearls; articles of natural or cultured pearlses amounted to $15,848 per ton, falling by -53.9% against the previous year. Overall, the import price showed a slight shrinkage. The pace of growth was the most pronounced in 2015 when the average import price increased by 133% against the previous year. The import price peaked at $45,000 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Taiwan (Chinese) ($36,314 per ton), while the price for the United Arab Emirates ($9,142 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.7%), while the prices for the other major suppliers experienced a decline.

Exports of Pearls; Articles of Natural or Cultured Pearls in Bangladesh

In 2022, exports of pearls; articles of natural or cultured pearlses from Bangladesh skyrocketed to 9.4 tons, rising by 19% against the previous year's figure. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 155% against the previous year. As a result, the exports attained the peak of 11 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of pearls; articles of natural or cultured pearlses skyrocketed to $465K in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +25.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -2.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 103%. As a result, the exports attained the peak of $477K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Pearls; Articles of Natural or Cultured Pearls from Bangladesh in 2022:

1. Qatar (9.4 tons)

Imports of Pearls; Articles of Natural or Cultured Pearls in Bangladesh

In 2022, the amount of pearls; articles of natural or cultured pearlses imported into Bangladesh soared to 774 kg, jumping by 1,073% on the year before. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of pearls; articles of natural or cultured pearlses soared to $12K in 2022. In general, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Pearls; Articles of Natural or Cultured Pearls to Bangladesh in 2022:

1. United Arab Emirates (572.0 kg)
2. Taiwan (Chinese) (191.0 kg)
3. China (10.0 kg)

Source: IndexBox Market Intelligence Platform