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

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

The Israeli precious stone and pearl market expanded markedly to $X in 2022, with an increase of 10% against the previous year. In general, consumption saw significant growth. Precious stone and pearl consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

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

In value terms, precious stone and pearl production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2015 when the production volume increased by 11% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Israel

In 2022, approx. X tons of cultured pearls, precious or semi-precious stones were exported from Israel; waning by -11.6% on the previous year's figure. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by 30% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, precious stone and pearl exports skyrocketed to $X in 2022. Overall, exports showed a perceptible setback. The pace of growth appeared the most rapid in 2021 with an increase of 64%. The exports peaked at $X in 2014; however, from 2015 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 Israel, with a 92% share of total exports. It was followed by the United States (X tons), with a 0.9% share of total exports. The third position in this ranking was taken by France (X tons), with a 0.7% share.

From 2012 to 2022, the average annual growth rate of volume to Thailand totaled +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-31.9% per year) and France (-23.6% per year).

In value terms, the United States ($X) remains the key foreign market for cultured pearls, precious or semi-precious stones exports from Israel, comprising 55% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 9% share of total exports. It was followed by the UK, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to -1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-13.5% per year) and the UK (-0.0% per year).

Export Prices by Country

The average precious stone and pearl export price stood at $X per ton in 2022, with an increase of 66% against the previous year. Over the period under review, the export price posted a notable expansion. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 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 the United States ($X per ton), while the average price for exports to Thailand ($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 Australia (+116.0%), 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 Israel

In 2022, approx. X tons of cultured pearls, precious or semi-precious stones were imported into Israel; with an increase of 31% compared with the previous year's figure. Overall, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 351%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, precious stone and pearl imports soared to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest precious stone and pearl supplier to Israel, with a 81% share of total imports. Moreover, precious stone and pearl imports from Thailand exceeded the figures recorded by the second-largest supplier, Brazil (X tons), eightfold. India (X tons) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand amounted to -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+16.9% per year) and India (-8.5% per year).

In value terms, India ($X), the United States ($X) and Hong Kong SAR ($X) constituted the largest precious stone and pearl suppliers to Israel, with a combined 59% share of total imports. Botswana, South Africa, Thailand, Italy, Brazil and Madagascar lagged somewhat behind, together comprising a further 4.6%.

Madagascar, with a CAGR of +20.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average precious stone and pearl import price amounted to $X per kg, rising by 41% against the previous year. Over the period under review, the import price continues to indicate strong growth. The pace of growth was the most pronounced in 2018 when the average import price increased by 567%. As a result, import price reached the peak level of $X per kg. From 2019 to 2022, the average import prices remained 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 the United States ($X per kg), while the price for Brazil ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+110.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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