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

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

The Southeast Asian precious stone and pearl market skyrocketed to $X in 2022, increasing by X% against the previous year. Overall, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

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

In value terms, precious stone and pearl production amounted to $X in 2022 estimated in export price. Overall, production showed a perceptible setback. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports in South-Eastern Asia

In 2022, approx. X tons of cultured pearls, precious or semi-precious stones were exported in South-Eastern Asia; with a decrease of X% against the previous year's figure. In general, exports, however, enjoyed a notable increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, precious stone and pearl exports soared to $X in 2022. Overall, exports, however, showed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand was the largest exporter of cultured pearls, precious or semi-precious stones in South-Eastern Asia, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. Vietnam (X tons) took the second position in the ranking, followed by Singapore (X tons). All these countries together held near X% share of total exports. Cambodia (X tons) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the largest precious stone and pearl supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Thailand totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price recorded a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports in South-Eastern Asia

In 2022, precious stone and pearl imports in South-Eastern Asia contracted remarkably to X tons, reducing by X% against 2021. Over the period under review, imports recorded a slight downturn. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, precious stone and pearl imports soared to $X in 2022. Overall, imports, however, saw a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand was the major importing country with an import of about X tons, which amounted to X% of total imports. Singapore (X tons) held the second position in the ranking, distantly followed by Indonesia (X tons). All these countries together took near X% share of total imports. The following importers - Vietnam (X tons) and Malaysia (X tons) - together made up X% of total imports.

Imports into Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Indonesia (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Vietnam experienced a relatively flat trend pattern. By contrast, Singapore (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Singapore ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Thailand, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the import price in South-Eastern Asia amounted to $X per ton, increasing by X% against the previous year. Overall, the import price continues to indicate a strong 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 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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