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

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

The average import price for pearls; articles of natural or cultured pearlses stood at $92,257 per ton in 2022, jumping by 16% against the previous year. Overall, the import price, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2018 an increase of 24%. As a result, import price reached the peak level of $145,718 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($210,228 per ton), while the price for Hong Kong SAR ($17,836 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-4.6%), while the prices for the other major suppliers experienced a decline.

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

The average export price for pearls; articles of natural or cultured pearlses stood at $164,300 per ton in 2022, approximately equating the previous year. Over the period under review, the export price continues to indicate a perceptible slump. The growth pace was the most rapid in 2018 an increase of 73%. As a result, the export price attained the peak level of $244,949 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Switzerland amounted to +16.0% per year.

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

Imports of pearls; articles of natural or cultured pearlses into Canada stood at 41 tons in 2022, with an increase of 2% compared with the year before. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +5.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 54% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of pearls; articles of natural or cultured pearlses soared to $3.8M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +6.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +98.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 67% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Pearls; Articles of Natural or Cultured Pearls in Canada (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	1,474	699	1,433	1,671	4.3%
China	788	601	879	919	5.3%
France	587	425	626	817	11.7%
Hong Kong SAR	144	69.8	49.3	30.4	-40.5%
Others	165	113	209	359	29.6%
Total	3,159	1,909	3,197	3,796	6.3%

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

China (21.6 tons)
United States (12.8 tons)
France (3.9 tons)
Hong Kong SAR (1.7 tons)

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

In 2022, after three years of growth, there was significant decline in overseas shipments of pearls; articles of natural or cultured pearlses, when their volume decreased by -14.9% to 15 tons. In general, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.8% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 41% against the previous year. As a result, the exports attained the peak of 17 tons, and then reduced in the following year.

In value terms, exports of pearls; articles of natural or cultured pearlses dropped rapidly to $2.4M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +6.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +29.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 53%. As a result, the exports attained the peak of $2.8M, and then shrank notably in the following year.