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

Contents:

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

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

The average export price for pearls; articles of natural or cultured pearlses stood at $432,409 per ton in 2022, with an increase of 44% against the previous year. Overall, the export price continues to indicate a buoyant increase. The growth pace was the most rapid in 2020 when the average export price increased by 46% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +13.9% per year.

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

The average import price for pearls; articles of natural or cultured pearlses stood at $57,933 per ton in 2022, surging by 95% against the previous year. Over the period under review, the import price, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2019 an increase of 127% against the previous year. The import price peaked at $86,847 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($367,000 per ton), while the price for Peru ($5,818 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 States (+11.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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

Exports of pearls; articles of natural or cultured pearlses from Venezuela contracted sharply to 22 kg in 2022, with a decrease of -18.5% on the year before. Over the period under review, exports saw a abrupt descent. The smallest decline of -18.2% was in 2021.

In value terms, exports of pearls; articles of natural or cultured pearlses surged to $9.5K in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +17.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.3% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Spain (22.0 kg)

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

In 2022, imports of pearls; articles of natural or cultured pearlses into Venezuela soared to 15 kg, jumping by 36% on 2021 figures. In general, imports, however, showed a pronounced descent.

In value terms, imports of pearls; articles of natural or cultured pearlses surged to $869 in 2022. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Peru (11.0 kg)
2. United States (2.0 kg)
3. China (1.0 kg)
4. Spain (1.0 kg)

Source: IndexBox Market Intelligence Platform