Price for Pearls; Articles of Natural or Cultured Pearls in the United States - 2023
Contents:
- Price for Pearls; Articles of Natural or Cultured Pearls in the United States (CIF) - 2023
- Price for Pearls; Articles of Natural or Cultured Pearls in the United States (FOB) - 2022
- Imports of Pearls; Articles of Natural or Cultured Pearls in the United States
- Exports of Pearls; Articles of Natural or Cultured Pearls in the United States
Price for Pearls; Articles of Natural or Cultured Pearls in the United States (CIF) - 2023
In December 2023, the average import price for pearls; articles of natural or cultured pearlses amounted to $260K per ton, declining by -63% against the previous month. Overall, the import price, however, saw a remarkable increase. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 229% m-o-m. The import price peaked at $1.1M per ton in May 2023; however, from June 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Canada ($823K per ton), while the price for China totaled $152K per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+7.6%).
Price for Pearls; Articles of Natural or Cultured Pearls in the United States (FOB) - 2022
The average export price for pearls; articles of natural or cultured pearlses stood at $2,068,905 per ton in 2022, growing by 112% against the previous year. Overall, the export price continues to indicate a significant expansion. The growth pace was the most rapid in 2021 an increase of 447% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($13,014,630 per ton), while the average price for exports to Switzerland ($1,110,197 per ton) was amongst the lowest.
From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+614.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Pearls; Articles of Natural or Cultured Pearls in the United States
In 2022, approx. 91 tons of pearls; articles of natural or cultured pearlses were imported into the United States; falling by -21.6% against 2021. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +8.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 75% against the previous year. As a result, imports attained the peak of 116 tons, and then fell notably in the following year.
In value terms, imports of pearls; articles of natural or cultured pearlses declined slightly to $23M in 2022. Over the period under review, total imports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +3.5% 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 +82.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 91% against the previous year. As a result, imports reached the peak of $24M, and then dropped modestly in the following year.
| Import of Pearls; Articles of Natural or Cultured Pearls in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.3 | 7.4 | 14.6 | 13.3 | -2.4% |
| Canada | 1.6 | 1.5 | 2.6 | 2.1 | 9.5% |
| Others | 4.7 | 3.6 | 6.6 | 7.3 | 15.8% |
| Total | 20.5 | 12.5 | 23.8 | 22.8 | 3.6% |
Top Suppliers of Pearls; Articles of Natural or Cultured Pearls to the United States in 2022:
- China (85.7 tons)
- Canada (1.0 tons)
Exports of Pearls; Articles of Natural or Cultured Pearls in the United States
For the third consecutive year, the United States recorded decline in shipments abroad of pearls; articles of natural or cultured pearlses, which decreased by -47.6% to 4.1 tons in 2022. Over the period under review, exports recorded a precipitous descent.
In value terms, exports of pearls; articles of natural or cultured pearlses rose markedly to $8.5M in 2022. Overall, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2020 when exports increased by 42% against the previous year. As a result, the exports attained the peak of $17M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Pearls; Articles of Natural or Cultured Pearls in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2.3 | 1.2 | 2.4 | 3.0 | 9.3% |
| Mexico | N/A | N/A | N/A | 1.0 | 0% |
| Japan | 1.2 | 0.8 | 0.7 | 0.8 | -12.6% |
| Thailand | 0.4 | 12.4 | 0.8 | 0.7 | 20.5% |
| Hong Kong SAR | 4.6 | 1.3 | 0.9 | 0.7 | -46.6% |
| Australia | 0.3 | 0.2 | 0.2 | 0.3 | 0.0% |
| United Kingdom | 0.3 | 0.7 | 0.9 | 0.3 | 0.0% |
| Saint Maarten (Dutch part) | 2.4 | N/A | 0.6 | 0.3 | -50.0% |
| Switzerland | N/A | N/A | N/A | 0.3 | 0% |
| Aruba | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Others | 0.4 | 0.3 | 1.1 | 0.8 | 26.0% |
| Total | 11.9 | 16.9 | 7.6 | 8.5 | -10.6% |
Top Export Markets for Pearls; Articles of Natural or Cultured Pearls from the United States in 2022:
- Canada (1535.0 kg)
- Mexico (529.0 kg)
- Japan (406.0 kg)
- Switzerland (304.0 kg)
- United Kingdom (253.0 kg)
- Hong Kong SAR (169.0 kg)
- Saint Maarten (Dutch part) (168.0 kg)
- Aruba (157.0 kg)
- Australia (140.0 kg)
- Thailand (54.0 kg)
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