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

Contents:

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

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

In 2022, the average export price for pearls; articles of natural or cultured pearlses amounted to $473,000 per ton, rising by 34% against the previous year. Over the period under review, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 139%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Lithuania amounted to +41.4% per year.

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

In 2022, the average import price for pearls; articles of natural or cultured pearlses amounted to $24,000 per ton, shrinking by -58% against the previous year. Over the period under review, the import price showed a deep setback. The most prominent rate of growth was recorded in 2014 an increase of 66%. The import price peaked at $234,667 per ton in 2018; however, from 2019 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 Russia ($215,000 per ton), while the price for Portugal ($4,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-8.1%), while the prices for the other major suppliers experienced a decline.

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

In 2022, shipments abroad of pearls; articles of natural or cultured pearlses decreased by -50% to 1 kg, falling for the second year in a row after two years of growth. Overall, exports recorded a dramatic slump. The most prominent rate of growth was recorded in 2020 with an increase of 33% against the previous year. As a result, the exports attained the peak of 4 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of pearls; articles of natural or cultured pearlses contracted markedly to $473 in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 99% against the previous year. As a result, the exports attained the peak of $935. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. Russia (1.0 kg)

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

In 2022, purchases abroad of pearls; articles of natural or cultured pearlses decreased by -96.5% to 13 kg for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a sharp decline. The most prominent rate of growth was recorded in 2020 when imports increased by 65% against the previous year.

In value terms, imports of pearls; articles of natural or cultured pearlses reduced dramatically to $312 in 2022. Over the period under review, imports continue to indicate a precipitous shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 0.4% against the previous year.

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

1. China (11.0 kg)
2. Russia (1.0 kg)
3. Portugal (1.0 kg)

Source: IndexBox Market Intelligence Platform