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

Contents:

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

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

In 2022, the average import price for pearls; articles of natural or cultured pearlses amounted to $36,723 per ton, waning by -3.2% against the previous year. In general, the import price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2015 an increase of 105% against the previous year. The import price peaked at $59,899 per ton in 2019; however, from 2020 to 2022, 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 ($346,286 per ton), while the price for China ($28,332 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for pearls; articles of natural or cultured pearlses amounted to $36,000 per ton, increasing by 288% against the previous year. Overall, the export price saw a resilient expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 296% against the previous year. As a result, the export price reached the peak level of $93,333 per ton. From 2017 to 2022, the average export prices remained at a 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 Qatar amounted to +422.2% per year.

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

Imports of pearls; articles of natural or cultured pearlses into Peru skyrocketed to 1.2 tons in 2022, rising by 332% on the previous year's figure. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of pearls; articles of natural or cultured pearlses skyrocketed to $46K in 2022. Over the period under review, imports saw a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Pearls; Articles of Natural or Cultured Pearls in Peru (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China14.44.64.733.933.0%
Spain2.00.30.97.354.0%
United States0.30.30.34.0137.1%
Japan8.36.04.0N/A-30.6%
Others5.10.41.00.4-57.2%
Total30.111.610.945.514.8%

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

  1. China (1196.0 kg)
  2. United States (21.0 kg)
  3. Spain (21.0 kg)

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

In 2022, overseas shipments of pearls; articles of natural or cultured pearlses decreased by -71.4% to 2 kg, falling for the second year in a row after two years of growth. Over the period under review, exports faced a sharp curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 11%. As a result, the exports reached the peak of 10 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of pearls; articles of natural or cultured pearlses rose remarkably to $72 in 2022. Overall, exports faced a sharp decrease.

Export of Pearls; Articles of Natural or Cultured Pearls in Peru (USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States11.08.01.072.087.1%
Spain20520138.0N/A-56.9%
Venezuela27.024.04.0N/A-61.5%
Chile5.0N/AN/AN/A0%
ChinaN/A35.01.0N/A-97.1%
Austria6.05.01.0N/A-59.2%
United Kingdom15912419.0N/A-65.4%
Canada10.07.01.0N/A-68.4%
OthersN/AN/AN/AN/A0%
Total42340465.072.0-44.6%

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

  1. United States (2.0 kg)

Source: IndexBox Market Intelligence Platform

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