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

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

The SADC precious stone and pearl market surged to $X.9B in 2023, picking up by X% against the previous year. Overall, consumption recorded perceptible growth. The level of consumption peaked at $X.5B in 2015; however, from 2016 to 2023, consumption remained at a lower figure.

Production of Cultured Pearls, Precious Or Semi-Precious Stones in SADC

In value terms, precious stone and pearl production amounted to $X.3B in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production hit record highs in 2023 and is expected to retain growth in years to come.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports in SADC

In 2023, the amount of cultured pearls, precious or semi-precious stones exported in SADC dropped dramatically to X tons, with a decrease of X% against 2022 figures. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2023, the growth of the exports failed to regain momentum.

In value terms, precious stone and pearl exports stood at $X in 2023. Over the period under review, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2022 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in the near future.

Exports by Country

Lesotho represented the key exporter of cultured pearls, precious or semi-precious stones in SADC, with the volume of exports finishing at X tons, which was near X% of total exports in 2023. It was distantly followed by Madagascar (X tons), comprising a X% share of total exports. Mozambique (X tons), Democratic Republic of the Congo (X tons) and Angola (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Lesotho (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest precious stone and pearl supplying countries in SADC were Mozambique ($X), Angola ($X) and Madagascar ($X), with a combined X% share of total exports. Lesotho and Democratic Republic of the Congo lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The export price in SADC stood at $X per ton in 2023, rising by X% against the previous year. In general, the export price saw resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Angola ($X per ton), while Lesotho ($X per ton) was amongst the lowest.

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

Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports in SADC

In 2023, precious stone and pearl imports in SADC dropped dramatically to X tons, which is down by X% compared with the previous year. Overall, imports showed a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, precious stone and pearl imports declined dramatically to $X in 2023. Over the period under review, imports, however, saw a pronounced increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

Comoros was the major importer of cultured pearls, precious or semi-precious stones in SADC, with the volume of imports amounting to X tons, which was near X% of total imports in 2023. It was distantly followed by Zambia (X tons), Malawi (X tons) and Angola (X tons), together mixing up a X% share of total imports.

Comoros was also the fastest-growing in terms of the cultured pearls, precious or semi-precious stones imports, with a CAGR of X% from 2012 to 2023. At the same time, Malawi (X%) displayed positive paces of growth. By contrast, Zambia (X%) and Angola (X%) illustrated a downward trend over the same period. While the share of Comoros (X p.p.), Malawi (X p.p.), Zambia (X p.p.) and Angola (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Zambia ($X) constitutes the largest market for imported cultured pearls, precious or semi-precious stones in SADC, comprising X% of total imports. The second position in the ranking was held by Angola ($X), with less than X% share of total imports. It was followed by Comoros, with less than X% share.

In Zambia, precious stone and pearl imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Angola (X% per year) and Comoros (X% per year).

Import Prices by Country

In 2023, the import price in SADC amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price showed a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Zambia ($X per ton), while Malawi ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Zambia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform