Central Asia: Market for Cultured Pearls, Precious Or Semi-Precious Stones 2024

Market Size for Cultured Pearls, Precious Or Semi-Precious Stones in Central Asia

In 2023, the Central Asian precious stone and pearl market decreased by X% to $X, falling for the second consecutive year after three years of growth. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Cultured Pearls, Precious Or Semi-Precious Stones in Central Asia

In value terms, precious stone and pearl production amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the production volume increased by X%. Over the period under review, production attained the peak level in 2023 and is likely to see gradual growth in the immediate term.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports in Central Asia

In 2023, the amount of cultured pearls, precious or semi-precious stones exported in Central Asia was estimated at X tons, with an increase of X% compared with the previous year's figure. Over the period under review, exports, however, saw a significant decrease. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, precious stone and pearl exports skyrocketed to $X in 2023. In general, exports, however, saw a abrupt decrease. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Uzbekistan represented the major exporting country with an export of about X tons, which finished at X% of total exports. Tajikistan (X tons) took the second position in the ranking, followed by Kazakhstan (X tons), Kyrgyzstan (X tons) and Mongolia (X tons). All these countries together took near X% share of total exports.

Exports from Uzbekistan increased at an average annual rate of X% from 2012 to 2023. At the same time, Kyrgyzstan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2023. By contrast, Tajikistan (X%) and Mongolia (X%) illustrated a downward trend over the same period. While the share of Uzbekistan (X p.p.), Tajikistan (X p.p.), Kazakhstan (X p.p.) and Kyrgyzstan (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Mongolia (X p.p.) displayed negative dynamics.

In value terms, Tajikistan ($X), Uzbekistan ($X) and Kazakhstan ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Kazakhstan, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Central Asia amounted to $X per ton, rising by X% against the previous year. Overall, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Tajikistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mongolia (X%), while the other leaders experienced more modest paces of growth.

Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports in Central Asia

Precious stone and pearl imports declined markedly to X tons in 2023, falling by X% against the previous year's figure. Over the period under review, imports showed a dramatic decline. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2023, the growth of imports remained at a lower figure.

In value terms, precious stone and pearl imports surged to $X in 2023. Overall, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2022 with an increase of X%. The level of import peaked in 2023 and is expected to retain growth in years to come.

Imports by Country

Uzbekistan represented the major importing country with an import of around X tons, which amounted to X% of total imports. Kyrgyzstan (X tons) held the second position in the ranking, followed by Mongolia (X tons) and Kazakhstan (X tons). All these countries together held near X% share of total imports.

Imports into Uzbekistan decreased at an average annual rate of X% from 2012 to 2023. Mongolia (X%), Kazakhstan (X%) and Kyrgyzstan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Mongolia, Kyrgyzstan and Kazakhstan increased by X, X and X percentage points, respectively.

In value terms, the largest precious stone and pearl importing markets in Central Asia were Kazakhstan ($X), Kyrgyzstan ($X) and Uzbekistan ($X), together comprising X% of total imports. These countries were followed by Mongolia, which accounted for a further X%.

Mongolia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the import price enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when the import price increased by X%. The level of import peaked in 2023 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform