Sri Lanka - 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 Sri Lanka - 2021
Contents:
- Price for Precious Stone and Pearl in Sri Lanka (FOB) - 2022
- Price for Precious Stone and Pearl in Sri Lanka (CIF) - 2022
- Exports of Precious Stone and Pearl in Sri Lanka
- Imports of Precious Stone and Pearl in Sri Lanka
Price for Precious Stone and Pearl in Sri Lanka (FOB) - 2022
The average precious stone and pearl export price stood at $69,482 per ton in 2022, surging by 7.1% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, precious stone and pearl export price decreased by -10.7% against 2020 indices. The most prominent rate of growth was recorded in 2019 an increase of 68% against the previous year. Over the period under review, the average export prices attained the maximum at $77,765 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($73,060,000 per ton), while the average price for exports to Germany ($13,870 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 Macao SAR (+204.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Precious Stone and Pearl in Sri Lanka (CIF) - 2022
The average precious stone and pearl import price stood at $18,978 per ton in 2022, waning by -1.9% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 59%. The import price peaked at $36,167 per ton in 2014; however, from 2015 to 2022, import prices stood 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 Arab Emirates ($28,131,000 per ton), while the price for Germany ($247 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 (+91.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Precious Stone and Pearl in Sri Lanka
In 2022, approx. 2.6K tons of cultured pearls, precious or semi-precious stones were exported from Sri Lanka; waning by -22.2% on 2021 figures. Overall, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 80% against the previous year.
In value terms, precious stone and pearl exports dropped markedly to $181M in 2022. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 50%.
Export of Precious Stone and Pearl in Sri Lanka (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Israel | 88.7 | 67.2 | 75.4 | 64.0 | -10.3% |
Switzerland | 30.8 | 11.5 | 22.7 | 22.6 | -9.8% |
United States | 26.9 | 22.0 | 31.4 | 21.7 | -6.9% |
Hong Kong SAR | 54.0 | 15.6 | 29.9 | 18.1 | -30.5% |
Thailand | 53.9 | 11.6 | 14.7 | 14.3 | -35.7% |
India | 6.6 | 2.8 | 4.3 | 7.7 | 5.3% |
Macao SAR | N/A | N/A | 1.7 | 1.8 | 5.9% |
Germany | 1.1 | 0.8 | 1.6 | 1.5 | 10.9% |
China | 2.9 | 0.1 | 0.8 | 1.3 | -23.5% |
Poland | 0.4 | N/A | N/A | N/A | 0% |
Others | 24.0 | 12.9 | 34.4 | 27.5 | 4.6% |
Total | 289 | 145 | 217 | 181 | -14.4% |
Top Export Markets for Precious Stone and Pearl from Sri Lanka in 2022:
- Switzerland (521.4 tons)
- Thailand (492.8 tons)
- India (458.5 tons)
- Israel (271.6 tons)
- United States (244.3 tons)
- Germany (111.7 tons)
- Hong Kong SAR (109.0 tons)
- China (69.0 tons)
- Macao SAR (59.7 tons)
- Poland (4.8 tons)
Imports of Precious Stone and Pearl in Sri Lanka
In 2022, approx. 3.4K tons of cultured pearls, precious or semi-precious stones were imported into Sri Lanka; almost unchanged from the previous year's figure. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of less than 0.1%.
In value terms, precious stone and pearl imports dropped modestly to $65M in 2022. Over the period under review, imports recorded a slight downturn. The growth pace was the most rapid in 2021 with an increase of 3.9%.
Import of Precious Stone and Pearl in Sri Lanka (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Israel | 35.9 | 36.9 | 40.1 | 32.0 | -3.8% |
India | 9.3 | 7.8 | 9.2 | 13.6 | 13.5% |
Switzerland | 10.1 | 3.3 | 5.3 | 9.9 | -0.7% |
Thailand | 2.7 | 4.6 | 2.4 | 2.8 | 1.2% |
France | 1.7 | 1.2 | 1.8 | 2.7 | 16.7% |
Germany | 0.2 | 0.1 | N/A | N/A | -50.0% |
Others | 9.1 | 10.1 | 7.6 | 4.3 | -22.1% |
Total | 69.0 | 64.0 | 66.5 | 65.3 | -1.8% |
Top Suppliers of Precious Stone and Pearl to Sri Lanka in 2022:
- Thailand (2572.0 tons)
- Switzerland (339.8 tons)
- Israel (252.2 tons)
- India (106.8 tons)
- Germany (57.6 tons)
- France (52.9 tons)
This report provides an in-depth analysis of the market for precious stone and pearl in Sri Lanka. 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:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- 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
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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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