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

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

The average import price for pearls; articles of natural or cultured pearlses stood at $104,517 per ton in 2022, surging by 33% against the previous year. Overall, the import price, however, saw a pronounced shrinkage. The import price peaked at $136,187 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 Japan ($1,865,866 per ton), while the price for China ($33,850 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for pearls; articles of natural or cultured pearlses amounted to $174,963 per ton, rising by 1.5% against the previous year. Over the period under review, the export price, however, saw a noticeable downturn. The pace of growth was the most pronounced in 2018 an increase of 75%. As a result, the export price reached the peak level of $253,568 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($172,206 per ton), while the average price for exports to the United States ($166,288 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-0.8%), while the prices for the other major destinations experienced a decline.

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

In 2022, imports of pearls; articles of natural or cultured pearlses into Vietnam shrank to 6 tons, dropping by -8.7% on the previous year's figure. In general, imports showed a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year.

In value terms, imports of pearls; articles of natural or cultured pearlses surged to $625K in 2022. Over the period under review, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 44% against the previous year.

Import of Pearls; Articles of Natural or Cultured Pearls in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	238	124	261	375	16.4%
China	377	101	151	158	-25.2%
Indonesia	6.2	8.8	16.7	50.8	101.6%
Italy	2.5	3.2	8.5	18.2	93.8%
Germany	7.7	10.3	1.2	15.8	27.1%
South Korea	8.9	7.9	9.3	N/A	2.2%
Others	114	100	65.9	6.8	-60.9%
Total	755	356	513	625	-6.1%

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

China (4670.0 kg)
Indonesia (486.0 kg)
Germany (324.0 kg)
Italy (234.0 kg)
Japan (201.0 kg)

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

In 2022, exports of pearls; articles of natural or cultured pearlses from Vietnam declined dramatically to 267 kg, reducing by -88.1% on 2021. Over the period under review, exports faced a sharp contraction. The smallest decline of -26% was in 2020.

In value terms, exports of pearls; articles of natural or cultured pearlses fell dramatically to $47K in 2022. In general, exports faced a dramatic shrinkage. The smallest decline of -39.7% was in 2020.

Export of Pearls; Articles of Natural or Cultured Pearls in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	1,201	843	252	33.4	-69.7%
United States	80.8	27.2	12.9	8.6	-52.6%
Canada	21.4	0.2	5.8	2.9	-48.6%
Thailand	146	35.2	N/A	N/A	-75.9%
Singapore	42.5	15.7	0.8	N/A	-86.3%
Others	176	84.5	115	1.8	-78.3%
Total	1,668	1,006	387	46.7	-69.6%