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

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

The Iranian precious stone and pearl market shrank significantly to $X in 2022, which is down by -15.6% against the previous year. Overall, consumption continues to indicate a abrupt decrease. Precious stone and pearl consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

In value terms, precious stone and pearl production contracted modestly to $X in 2022 estimated in export price. Overall, production recorded a pronounced reduction. The pace of growth was the most pronounced in 2016 when the production volume increased by 37%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Iran

Precious stone and pearl exports from Iran stood at X tons in 2022, with an increase of 15% compared with the previous year's figure. Over the period under review, exports saw a buoyant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 353% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, precious stone and pearl exports soared to $X in 2022. In general, exports continue to indicate a resilient expansion. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for precious stone and pearl exports from Iran, with a 48% share of total exports. Moreover, precious stone and pearl exports to Indonesia exceeded the volume sent to the second major destination, Turkey (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Indonesia amounted to +27.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+27.3% per year) and Germany (+51.7% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for cultured pearls, precious or semi-precious stones exports from Iran, comprising 13% of total exports. The second position in the ranking was taken by Kuwait ($X), with a 1.9% share of total exports. It was followed by Indonesia, with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates stood at +16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-11.7% per year) and Indonesia (-15.9% per year).

Export Prices by Country

The average precious stone and pearl export price stood at $X per ton in 2022, increasing by 150% against the previous year. In general, the export price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 an increase of 153%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Germany ($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 the Czech Republic (+66.7%), while the prices for the other major destinations experienced a decline.

Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports into Iran

In 2022, precious stone and pearl imports into Iran shrank to X tons, falling by -6.9% on the previous year. In general, imports showed a precipitous setback. The most prominent rate of growth was recorded in 2018 when imports increased by 56%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, precious stone and pearl imports reduced to $X in 2022. Over the period under review, imports showed a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 39%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Thailand (X tons) and the United Arab Emirates (X tons) were the main suppliers of precious stone and pearl imports to Iran, together comprising 59% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +14.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Thailand ($X) constituted the largest supplier of cultured pearls, precious or semi-precious stones to Iran, comprising 15% of total imports. The second position in the ranking was held by China ($X), with a 5.7% share of total imports. It was followed by the United Arab Emirates, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand stood at -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.1% per year) and the United Arab Emirates (-13.8% per year).

Import Prices by Country

In 2022, the average precious stone and pearl import price amounted to $X per ton, dropping by -7.7% against the previous year. Overall, the import price, however, recorded significant growth. The pace of growth was the most pronounced in 2016 an increase of 149% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Indonesia ($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 (+39.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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