Price for Pearls; Articles of Natural or Cultured Pearls in Uganda - 2022
Contents:
- Price for Pearls; Articles of Natural or Cultured Pearls in Uganda (FOB) - 2022
- Price for Pearls; Articles of Natural or Cultured Pearls in Uganda (CIF) - 2022
- Exports of Pearls; Articles of Natural or Cultured Pearls in Uganda
- Imports of Pearls; Articles of Natural or Cultured Pearls in Uganda
Price for Pearls; Articles of Natural or Cultured Pearls in Uganda (FOB) - 2022
The average export price for pearls; articles of natural or cultured pearlses stood at $48,364 per ton in 2022, picking up by 20% against the previous year. Overall, the export price continues to indicate a strong increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 563%. As a result, the export price attained the peak level of $219,760 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($49,200 per ton), while the average price for exports to Rwanda amounted to $40,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+32.7%).
Price for Pearls; Articles of Natural or Cultured Pearls in Uganda (CIF) - 2022
The average import price for pearls; articles of natural or cultured pearlses stood at $4,847 per ton in 2022, shrinking by -2.4% against the previous year. Overall, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 63% against the previous year. The import price peaked at $29,747 per ton in 2012; however, from 2013 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 the United Arab Emirates ($6,308 per ton), while the price for the UK ($1,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.7%), while the prices for the other major suppliers experienced a decline.
Exports of Pearls; Articles of Natural or Cultured Pearls in Uganda
For the third consecutive year, Uganda recorded decline in shipments abroad of pearls; articles of natural or cultured pearlses, which decreased by -47.6% to 11 kg in 2022. Overall, exports saw a dramatic decrease. The smallest decline of -40% was in 2021.
In value terms, exports of pearls; articles of natural or cultured pearlses reduced rapidly to $532 in 2022. Over the period under review, exports saw a dramatic shrinkage.
| Export of Pearls; Articles of Natural or Cultured Pearls in Uganda (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 1,514 | 1,102 | 262 | 492 | -31.2% |
| Rwanda | 176 | 203 | 138 | 40.0 | -39.0% |
| Kenya | 470 | N/A | N/A | N/A | 0% |
| Burundi | N/A | N/A | 186 | N/A | 0% |
| Others | N/A | 50.0 | 262 | N/A | 424.0% |
| Total | 2,160 | 1,355 | 848 | 532 | -37.3% |
Top Export Markets for Pearls; Articles of Natural or Cultured Pearls from Uganda in 2022:
- Democratic Republic of the Congo (10.0 kg)
- Rwanda (1.0 kg)
Imports of Pearls; Articles of Natural or Cultured Pearls in Uganda
In 2022, approx. 59 kg of pearls; articles of natural or cultured pearlses were imported into Uganda; rising by 84% against the previous year's figure. Over the period under review, imports, however, showed a significant decline.
In value terms, imports of pearls; articles of natural or cultured pearlses skyrocketed to $286 in 2022. Overall, imports, however, showed a precipitous decrease.
| Import of Pearls; Articles of Natural or Cultured Pearls in Uganda (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 105 | 690 | 98.0 | 246 | 32.8% |
| China | 827 | 865 | 3.0 | 6.0 | -80.6% |
| Thailand | 172 | 397 | 20.0 | 5.0 | -69.3% |
| United States | 308 | 292 | 13.0 | 3.0 | -78.6% |
| South Africa | 13.0 | 32.0 | 3.0 | 1.0 | -57.5% |
| India | 34.0 | 22.0 | 1.0 | 1.0 | -69.1% |
| United Kingdom | 55.0 | 28.0 | 2.0 | 1.0 | -73.7% |
| Kenya | 14.0 | 60.0 | 2.0 | 1.0 | -58.5% |
| Hong Kong SAR | 855 | 177 | N/A | N/A | -79.3% |
| Others | 439 | 791 | 17.0 | 22.0 | -63.1% |
| Total | 2,822 | 3,354 | 159 | 286 | -53.4% |
Top Suppliers of Pearls; Articles of Natural or Cultured Pearls to Uganda in 2022:
- United Arab Emirates (39.0 kg)
- China (5.0 kg)
- United States (1.0 kg)
- South Africa (1.0 kg)
- India (1.0 kg)
- United Kingdom (1.0 kg)
- Kenya (1.0 kg)
- Thailand (1.0 kg)
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