Price for Pearls; Articles of Natural or Cultured Pearls in Libya - 2022
Contents:
- Price for Pearls; Articles of Natural or Cultured Pearls in Libya (CIF) - 2022
- Imports of Pearls; Articles of Natural or Cultured Pearls in Libya
Price for Pearls; Articles of Natural or Cultured Pearls in Libya (CIF) - 2022
In 2022, the average import price for pearls; articles of natural or cultured pearlses amounted to $60,039 per ton, jumping by 39% against the previous year. Over the period under review, the import price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 66% against the previous year. As a result, import price attained the peak level of $78,663 per ton. From 2020 to 2022, the average 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 Spain ($304,833 per ton), while the price for China ($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 Spain (+12.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Pearls; Articles of Natural or Cultured Pearls in Libya
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 -68.2% to 203 kg. Over the period under review, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 when imports increased by 463%.
In value terms, imports of pearls; articles of natural or cultured pearlses fell rapidly to $12K in 2022. Overall, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 135% against the previous year.
| Import of Pearls; Articles of Natural or Cultured Pearls in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 3.6 | 12.7 | 16.7 | 7.5 | 27.7% |
| Turkey | 2.9 | 3.2 | 2.9 | 2.8 | -1.2% |
| Spain | 0.5 | 1.6 | 7.7 | 1.8 | 53.3% |
| China | 0.5 | 0.1 | N/A | N/A | -80.0% |
| Others | N/A | N/A | 0.2 | 0.1 | -50.0% |
| Total | 7.5 | 17.5 | 27.6 | 12.2 | 17.6% |
Top Suppliers of Pearls; Articles of Natural or Cultured Pearls to Libya in 2022:
- United Arab Emirates (183.0 kg)
- Turkey (11.0 kg)
- Spain (6.0 kg)
- China (1.0 kg)
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