Price for Pearls; Articles of Natural or Cultured Pearls in Belgium - 2023

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

The average export price for pearls; articles of natural or cultured pearlses stood at $115,455 per ton in 2022, reducing by -45.9% against the previous year. In general, the export price faced a sharp contraction. The growth pace was the most rapid in 2014 an increase of 3,604%. As a result, the export price reached the peak level of $36,115 per kg. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($818,894 per ton), while the average price for exports to Hungary ($30,854 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 Spain (+14.4%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average import price for pearls; articles of natural or cultured pearlses amounted to $108,230 per ton, which is down by -30.1% against the previous year. Over the period under review, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 242%. As a result, import price reached the peak level of $2,655 per kg. From 2017 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -17.7% per year.

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

For the fourth year in a row, Belgium recorded growth in shipments abroad of pearls; articles of natural or cultured pearlses, which increased by 53% to 11 tons in 2022. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 650% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of pearls; articles of natural or cultured pearlses contracted markedly to $1.3M in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 329% against the previous year.

Export of Pearls; Articles of Natural or Cultured Pearls in Belgium (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	N/A	0.2	86.7	540	5096.2%
Germany	0.6	15.3	875	170	556.8%
Israel	N/A	N/A	N/A	22.3	0%
Hungary	N/A	5.3	169	5.5	1.9%
United Kingdom	N/A	535	0.6	1.4	-94.9%
Others	147	78.0	393	520	52.4%
Total	148	634	1,525	1,259	104.1%

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

Italy (9.9 tons)
Israel (0.3 tons)
Germany (0.2 tons)
Hungary (0.2 tons)

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

In 2022, after three years of growth, there was significant decline in supplies from abroad of pearls; articles of natural or cultured pearlses, when their volume decreased by -12% to 11 tons. In general, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 465%.

In value terms, imports of pearls; articles of natural or cultured pearlses shrank remarkably to $1.2M in 2022. Overall, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 255% against the previous year.