Price for Pearls; Articles of Natural or Cultured Pearls in Myanmar - 2023
Contents:
- Price for Pearls; Articles of Natural or Cultured Pearls in Myanmar (FOB) - 2022
- Exports of Pearls; Articles of Natural or Cultured Pearls in Myanmar
Price for Pearls; Articles of Natural or Cultured Pearls in Myanmar (FOB) - 2022
The average export price for pearls; articles of natural or cultured pearlses stood at $11,784,770 per ton in 2022, with an increase of 8,317% against the previous year. Over the period under review, the export price showed significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($12,146,977 per ton), while the average price for exports to Japan totaled $11,402,936 per ton.
From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (0.0%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Pearls; Articles of Natural or Cultured Pearls in Myanmar
In 2022, after two years of growth, there was significant decline in shipments abroad of pearls; articles of natural or cultured pearlses, when their volume decreased by -98.4% to 1.7 tons. Over the period under review, exports showed a dramatic curtailment. The growth pace was the most rapid in 2021 with an increase of 5.8%. As a result, the exports attained the peak of 105 tons, and then reduced sharply in the following year.
In value terms, exports of pearls; articles of natural or cultured pearlses surged to $20M in 2022. Overall, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 1,695% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Export of Pearls; Articles of Natural or Cultured Pearls in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Hong Kong SAR | N/A | N/A | 10.4 | 0% | |
| Japan | N/A | N/A | 9.3 | 0% | |
| South Korea | N/A | 1.2 | N/A | 0% | |
| Germany | N/A | 8.0 | N/A | 0% | |
| Vietnam | N/A | 5.6 | N/A | 0% | |
| Qatar | 0.8 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 0.8 | 14.7 | 19.7 | 396.2% | |
Top Export Markets for Pearls; Articles of Natural or Cultured Pearls from Myanmar in 2022:
- Hong Kong SAR (856.0 kg)
- Japan (812.0 kg)
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