Price for Pearls; Articles of Natural or Cultured Pearls in Azerbaijan - 2023
Contents:
- Price for Pearls; Articles of Natural or Cultured Pearls in Azerbaijan (CIF) - 2022
- Imports of Pearls; Articles of Natural or Cultured Pearls in Azerbaijan
Price for Pearls; Articles of Natural or Cultured Pearls in Azerbaijan (CIF) - 2022
The average import price for pearls; articles of natural or cultured pearlses stood at $595,000 per ton in 2022, remaining relatively unchanged against the previous year. Overall, the import price saw a buoyant expansion. The pace of growth was the most pronounced in 2017 when the average import price increased by 946%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
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 the United States ($1,093,500 per ton), while the price for India ($31,000 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 (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Pearls; Articles of Natural or Cultured Pearls in Azerbaijan
In 2022, imports of pearls; articles of natural or cultured pearlses into Azerbaijan rose notably to 11 kg, with an increase of 10% compared with the year before. In general, imports, however, recorded a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 100%.
In value terms, imports of pearls; articles of natural or cultured pearlses amounted to $6.5K in 2022. Overall, imports, however, saw a sharp downturn. The pace of growth was the most pronounced in 2021 when imports increased by 260%.
| Import of Pearls; Articles of Natural or Cultured Pearls in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 3.1 | 4.4 | 41.9% |
| China | 7.9 | 1.6 | 2.7 | 1.5 | -42.5% |
| Italy | 5.9 | N/A | N/A | 0.3 | -63.0% |
| Austria | N/A | N/A | N/A | 0.2 | 0% |
| Hong Kong SAR | N/A | N/A | N/A | 0.1 | 0% |
| Spain | 0.4 | N/A | N/A | N/A | 0% |
| India | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 14.1 | 1.6 | 5.9 | 6.5 | -22.8% |
Top Suppliers of Pearls; Articles of Natural or Cultured Pearls to Azerbaijan in 2022:
- United States (4.0 kg)
- China (3.0 kg)
- Italy (1.0 kg)
- India (1.0 kg)
- Austria (1.0 kg)
- Hong Kong SAR (1.0 kg)
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