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Saudi Arabia - Cultured Pearls, Precious Or Semi-Precious Stones - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Precious Stone and Pearl in Saudi Arabia - 2021
Contents:
- Price for Precious Stone and Pearl in Saudi Arabia (FOB) - 2022
- Price for Precious Stone and Pearl in Saudi Arabia (CIF) - 2022
- Exports of Precious Stone and Pearl in Saudi Arabia
- Imports of Precious Stone and Pearl in Saudi Arabia
Price for Precious Stone and Pearl in Saudi Arabia (FOB) - 2022
The average precious stone and pearl export price stood at $2,138,848 per ton in 2022, growing by 59,741% against the previous year. Overall, the export price showed a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($1,253,222,000 per ton), while the average price for exports to Switzerland ($11,000 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 Sudan (+1,242.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Precious Stone and Pearl in Saudi Arabia (CIF) - 2022
In 2022, the average precious stone and pearl import price amounted to $39,570 per ton, picking up by 10% against the previous year. Over the period under review, the import price, however, showed a deep slump. The growth pace was the most rapid in 2016 when the average import price increased by 28,224% against the previous year. As a result, import price reached the peak level of $10,400 per kg. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($28,812,000 per ton), while the price for Italy ($28,400 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 (+49.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Precious Stone and Pearl in Saudi Arabia
In 2022, shipments abroad of cultured pearls, precious or semi-precious stones decreased by -98.4% to 7.7 tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a precipitous setback. The pace of growth was the most pronounced in 2020 with an increase of 23% against the previous year. As a result, the exports attained the peak of 516 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, precious stone and pearl exports skyrocketed to $17M in 2022. In general, exports, however, recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Precious Stone and Pearl in Saudi Arabia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 0.1 | N/A | 0.1 | 14.1 | 420.5% |
Hong Kong SAR | N/A | 0.3 | N/A | 1.3 | 108.2% |
Tanzania | N/A | N/A | N/A | 0.2 | 0% |
United States | 0.3 | 1.5 | 0.1 | 0.1 | -30.7% |
Nigeria | N/A | N/A | N/A | N/A | 0% |
Indonesia | N/A | N/A | N/A | N/A | 0% |
United Arab Emirates | N/A | N/A | 0.1 | N/A | 0% |
Others | 1.1 | N/A | 1.3 | 0.9 | -6.5% |
Total | 1.5 | 1.8 | 1.7 | 16.5 | 122.4% |
Top Export Markets for Precious Stone and Pearl from Saudi Arabia in 2022:
- United States (undefined tons)
- United Kingdom (undefined tons)
- Hong Kong SAR (undefined tons)
- Tanzania (7.6 tons)
Imports of Precious Stone and Pearl in Saudi Arabia
Precious stone and pearl imports into Saudi Arabia expanded modestly to 268 tons in 2022, picking up by 3.5% against the previous year's figure. Over the period under review, imports, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2021 when imports increased by 18%.
In value terms, precious stone and pearl imports expanded rapidly to $11M in 2022. The total import value increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 15% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Precious Stone and Pearl in Saudi Arabia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
Italy | N/A | N/A | 356 | 0% | |
Brazil | N/A | N/A | 111 | 0% | |
Germany | N/A | 0.2 | 40.1 | 19950.0% | |
Others | 9,956 | 9,312 | 10,113 | 0.8% | |
Total | 9,956 | 9,313 | 10,621 | 3.3% |
Top Suppliers of Precious Stone and Pearl to Saudi Arabia in 2022:
- Italy (12.5 tons)
- Brazil (2.1 tons)
- Germany (0.5 tons)
This report provides an in-depth analysis of the market for precious stone and pearl in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32121100 - Cultured pearls, precious or semi-precious stones, including synthetic or reconstructed, worked but not set
Country coverage:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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