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

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

The Brazilian precious stone and pearl market reduced markedly to $X in 2022, dropping by -54.8% against the previous year. Overall, consumption saw a sharp descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, precious stone and pearl production contracted slightly to $X in 2022 estimated in export price. In general, production recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when the production volume increased by 4.8%. Precious stone and pearl production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Brazil

In 2022, approx. X tons of cultured pearls, precious or semi-precious stones were exported from Brazil; surging by 6.7% against the previous year's figure. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 77%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, precious stone and pearl exports soared to $X in 2022. In general, total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.0% against 2020 indices. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for precious stone and pearl exports from Brazil, accounting for a 44% share of total exports. Moreover, precious stone and pearl exports to the United States exceeded the volume sent to the second major destination, China (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +35.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+12.4% per year) and Taiwan (Chinese) (+24.9% per year).

In value terms, the United States ($X) remains the key foreign market for cultured pearls, precious or semi-precious stones exports from Brazil, comprising 52% of total exports. The second position in the ranking was held by China ($X), with an 11% share of total exports. It was followed by Germany, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-3.4% per year) and Germany (+3.6% per year).

Export Prices by Country

In 2022, the average precious stone and pearl export price amounted to $X per ton, growing by 28% against the previous year. Over the period under review, the export price, however, saw a deep setback. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Mexico ($X 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 Mexico (-5.8%), while the prices for the other major destinations experienced a decline.

Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports into Brazil

In 2022, imports of cultured pearls, precious or semi-precious stones into Brazil rose sharply to X tons, surging by 9.5% compared with the previous year's figure. In general, imports recorded a resilient expansion. The growth pace was the most rapid in 2017 when imports increased by 406% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, precious stone and pearl imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), Morocco (X tons) and Hong Kong SAR (X tons) were the main suppliers of precious stone and pearl imports to Brazil, together comprising 57% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +57.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of cultured pearls, precious or semi-precious stones to Brazil, comprising 76% of total imports. The second position in the ranking was taken by the United States ($X), with an 8.6% share of total imports. It was followed by Hong Kong SAR, with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India stood at +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-12.6% per year) and Hong Kong SAR (-4.4% per year).

Import Prices by Country

The average precious stone and pearl import price stood at $X per ton in 2022, picking up by 74% against the previous year. Overall, the import price, however, showed a deep slump. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (-7.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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