Price for Pearls; Articles of Natural or Cultured Pearls in Bahrain - 2022

Contents:

1. Price for Pearls; Articles of Natural or Cultured Pearls in Bahrain (FOB) - 2022
2. Price for Pearls; Articles of Natural or Cultured Pearls in Bahrain (CIF) - 2022
3. Exports of Pearls; Articles of Natural or Cultured Pearls in Bahrain
4. Imports of Pearls; Articles of Natural or Cultured Pearls in Bahrain

Price for Pearls; Articles of Natural or Cultured Pearls in Bahrain (FOB) - 2022

The average export price for pearls; articles of natural or cultured pearlses stood at $4,701,250 per ton in 2022, surging by 639% against the previous year. Over the period under review, the export price saw prominent growth. 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 destination: amid the top suppliers, the country with the highest price was the UK ($16,804,000 per ton), while the average price for exports to the United Arab Emirates ($522,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+314.4%), while the prices for the other major destinations experienced a decline.

Price for Pearls; Articles of Natural or Cultured Pearls in Bahrain (CIF) - 2022

The average import price for pearls; articles of natural or cultured pearlses stood at $89,442 per ton in 2022, with a decrease of -94.9% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 1,684% against the previous year. As a result, import price attained the peak level of $1,763 per kg, and then contracted sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($912,000 per ton), while the price for Bangladesh ($16,769 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+21.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Pearls; Articles of Natural or Cultured Pearls in Bahrain

In 2022, the amount of pearls; articles of natural or cultured pearlses exported from Bahrain declined markedly to 4 kg, with a decrease of -99.9% compared with the year before. Overall, exports saw a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 69,300%. As a result, the exports reached the peak of 4.2 tons, and then reduced sharply in the following year.

In value terms, exports of pearls; articles of natural or cultured pearlses fell rapidly to $19K in 2022. Over the period under review, exports continue to indicate a precipitous decrease. The pace of growth was the most pronounced in 2021 with an increase of 45,562%. As a result, the exports reached the peak of $2.6M, and then contracted sharply in the following year.

Top Export Markets for Pearls; Articles of Natural or Cultured Pearls from Bahrain in 2022:

1. United Arab Emirates (2.0 kg)
2. United Kingdom (1.0 kg)
3. Kuwait (1.0 kg)

Imports of Pearls; Articles of Natural or Cultured Pearls in Bahrain

In 2022, purchases abroad of pearls; articles of natural or cultured pearlses was finally on the rise to reach 43 kg after two years of decline. In general, imports, however, recorded a dramatic setback.

In value terms, imports of pearls; articles of natural or cultured pearlses shrank markedly to $3.8K in 2022. Over the period under review, imports, however, recorded a sharp curtailment. The growth pace was the most rapid in 2021 when imports increased by 292% against the previous year.

Top Suppliers of Pearls; Articles of Natural or Cultured Pearls to Bahrain in 2022:

1. China (27.0 kg)
2. Bangladesh (13.0 kg)
3. Japan (1.0 kg)
4. Thailand (1.0 kg)
5. Greece (1.0 kg)

Source: IndexBox Market Intelligence Platform