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

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

The East Asian precious stone and pearl market surged to $X in 2022, rising by X% against the previous year. Over the period under review, consumption posted a significant expansion. As a result, consumption reached the peak level of $X.2B. From 2021 to 2022, the growth of the market remained at a lower figure.

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

In value terms, precious stone and pearl production reduced slightly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports in Eastern Asia

Precious stone and pearl exports soared to X tons in 2022, picking up by X% on the year before. Overall, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, precious stone and pearl exports rose remarkably to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

The shipments of the two major exporters of cultured pearls, precious or semi-precious stones, namely China and Hong Kong SAR, represented more than two-thirds of total export.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%).

In value terms, Hong Kong SAR ($X) remains the largest precious stone and pearl supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports.

In Hong Kong SAR, precious stone and pearl exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2016 when the export price increased by X%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%).

Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports in Eastern Asia

In 2022, precious stone and pearl imports in Eastern Asia soared to X tons, picking up by X% compared with 2021 figures. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, precious stone and pearl imports expanded rapidly to $X in 2022. In general, imports enjoyed a measured increase. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China prevails in imports structure, resulting at X tons, which was near X% of total imports in 2022. The following importers - Hong Kong SAR (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total imports.

China 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 2022. At the same time, Hong Kong SAR (X%) displayed positive paces of growth. Taiwan (Chinese) experienced a relatively flat trend pattern. From 2012 to 2022, the share of China increased by X percentage points.

In value terms, the largest precious stone and pearl importing markets in Eastern Asia were Hong Kong SAR ($X), China ($X) and Taiwan (Chinese) ($X), together accounting for X% of total imports.

China, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a dramatic decline. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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