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

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

The average import price for pearls; articles of natural or cultured pearlses stood at $28,460,500 per ton in 2022, growing by 406% against the previous year. In general, the import price showed a relatively flat trend pattern. The import price peaked at $38,117,389 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($50,273,000 per ton), while the price for India totaled $6,648,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for pearls; articles of natural or cultured pearlses amounted to $334,475 per ton, jumping by 101% against the previous year. In general, the export price recorded moderate growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 177% against the previous year. Over the period under review, the average export prices attained the maximum at $901,143 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($334,494 per ton), while the average price for exports to the United Arab Emirates stood at $289,000 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+103.2%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, approx. 2 kg of pearls; articles of natural or cultured pearlses were imported into Oman; dropping by -94.3% on the previous year's figure. Over the period under review, imports showed a sharp curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 289% against the previous year. As a result, imports attained the peak of 35 kg, and then declined markedly in the following year.

In value terms, imports of pearls; articles of natural or cultured pearlses shrank notably to $57K in 2022. In general, imports faced a precipitous contraction. The growth pace was the most rapid in 2021 with an increase of 45%.

Import of Pearls; Articles of Natural or Cultured Pearls in Oman (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	466	123	147	50.3	-52.4%
India	3.4	3.7	3.6	6.6	24.7%
Hong Kong SAR	0.5	0.3	37.2	N/A	762.6%
Spain	0.8	0.1	0.4	N/A	-29.3%
China	0.4	0.3	0.2	N/A	-29.3%
United Kingdom	N/A	N/A	1.4	N/A	0%
Portugal	0.7	N/A	N/A	N/A	0%
United States	2.9	8.7	7.2	N/A	57.6%
Turkey	N/A	0.1	N/A	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	474	136	197	56.9	-50.7%

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

United Arab Emirates (1.0 kg)
India (1.0 kg)

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

Exports of pearls; articles of natural or cultured pearlses from Oman soared to 2.4 tons in 2022, picking up by 60,475% on 2021 figures. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of pearls; articles of natural or cultured pearlses surged to $810K in 2022. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.