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

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

In 2022, the Argentinian precious stone and pearl market increased by 55% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, saw a drastic downturn. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

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

In value terms, precious stone and pearl production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 1.3%. Over the period under review, production attained the peak level at $X in 2021, and then declined slightly in the following year.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Argentina

In 2022, the amount of cultured pearls, precious or semi-precious stones exported from Argentina skyrocketed to X tons, picking up by 20% compared with the year before. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 176,661% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, precious stone and pearl exports stood at $X in 2022. Overall, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 when exports increased by 430% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand (X tons) was the main destination for precious stone and pearl exports from Argentina, with a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Thailand stood at +28.5%.

In value terms, Thailand ($X) also remains the key foreign market for cultured pearls, precious or semi-precious stones exports from Argentina.

From 2012 to 2022, the average annual growth rate of value to Thailand totaled +15.9%.

Export Prices by Country

The average precious stone and pearl export price stood at $X per kg in 2022, declining by -15.7% against the previous year. In general, the export price showed a significant curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by 231,080%. As a result, the export price attained the peak level of $X per kg. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to -9.8% per year.

Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports into Argentina

In 2022, approx. X tons of cultured pearls, precious or semi-precious stones were imported into Argentina; rising by 67% on the previous year. In general, imports, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 190% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, precious stone and pearl imports soared to $X in 2022. Overall, imports saw a buoyant increase. The pace of growth appeared the most rapid in 2016 when imports increased by 287%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Brazil (X tons) was the main supplier of precious stone and pearl to Argentina, accounting for a 93% share of total imports. It was followed by Madagascar (X tons), with a 1.7% share of total imports. South Africa (X tons) ranked third in terms of total imports with a 1% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to +16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Madagascar (+30.5% per year) and South Africa (+5.0% per year).

In value terms, Brazil ($X) constituted the largest supplier of cultured pearls, precious or semi-precious stones to Argentina, comprising 9.2% of total imports. The second position in the ranking was held by Madagascar ($X), with a 0.5% share of total imports. It was followed by South Africa, with a 0.2% share.

From 2012 to 2022, the average annual growth rate of value from Brazil totaled +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Madagascar (+24.3% per year) and South Africa (-13.4% per year).

Import Prices by Country

The average precious stone and pearl import price stood at $X per ton in 2022, growing by 111% against the previous year. Overall, the import price recorded strong growth. The growth pace was the most rapid in 2018 when the average import price increased by 155%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, 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 Uruguay ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+499.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :