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

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

The Angolan precious stone and pearl market soared to $X in 2022, growing by 480% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Cultured Pearls, Precious Or Semi-Precious Stones in Angola

In value terms, precious stone and pearl production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2019 when the production volume increased by 4.3%. Precious stone and pearl production peaked at $X in 2021, and then fell modestly in the following year.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Angola

In 2022, the amount of cultured pearls, precious or semi-precious stones exported from Angola contracted notably to X kg, shrinking by 99.9% against the year before. In general, exports faced a dramatic setback. The pace of growth appeared the most rapid in 2017 when exports increased by 1,005%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, precious stone and pearl exports surged to $X in 2022. Over the period under review, exports, however, posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X kg), Belgium (X kg) and Australia (X kg) were the main destinations of precious stone and pearl exports from Angola, with a combined 69% share of total exports. Moreover, precious stone and pearl exports in the United Arab Emirates exceeded the figures recorded by the second-largest exporter, Belgium, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for precious stone and pearl exported from Angola were the United States ($X), the United Arab Emirates ($X) and Belgium ($X), together comprising 92% of total exports. Hong Kong SAR, the UK, Australia, France and Ireland lagged somewhat behind, together accounting for a further 0.4%.

France, with a CAGR of +186.3%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average precious stone and pearl export price amounted to $X per kg, with an increase of 103,485,771% against the previous year. Over the period under review, the export price showed a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per kg), while the average price for exports to Ireland ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1,394.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports into Angola

In 2022, approx. X tons of cultured pearls, precious or semi-precious stones were imported into Angola; with an increase of 14% on 2021. Over the period under review, imports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2017 when imports increased by 2,164% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, precious stone and pearl imports expanded slightly to $X in 2022. In general, imports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2015 with an increase of 838% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of precious stone and pearl to Angola, with a 81% share of total imports. Moreover, precious stone and pearl imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was taken by Portugal (X tons), with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand totaled +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-11.7% per year) and Portugal (-45.1% per year).

In value terms, Namibia ($X) constituted the largest supplier of cultured pearls, precious or semi-precious stones to Angola, comprising 56% of total imports. The second position in the ranking was held by China ($X), with a 2.6% share of total imports. It was followed by Portugal, with a 0.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Namibia totaled +58.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-12.4% per year) and Portugal (-24.9% per year).

Import Prices by Country

The average precious stone and pearl import price stood at $X per ton in 2022, with a decrease of -10.7% against the previous year. Overall, the import price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 3,227%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+53.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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