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

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

The Japanese precious stone and pearl market fell to $X in 2022, remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a abrupt shrinkage. Precious stone and pearl consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Japan

In 2022, precious stone and pearl exports from Japan contracted significantly to X tons, which is down by -98.6% compared with the previous year. In general, exports faced a sharp curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 59%. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, precious stone and pearl exports amounted to $X in 2022. Overall, exports continue to indicate a perceptible decrease. The growth pace was the most rapid in 2021 when exports increased by 75% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X tons) was the main destination for precious stone and pearl exports from Japan, accounting for a 63% share of total exports. Moreover, precious stone and pearl exports to Hong Kong SAR exceeded the volume sent to the second major destination, the United States (X tons), sixfold. The third position in this ranking was taken by India (X kg), with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR stood at -28.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-34.0% per year) and India (-29.5% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for cultured pearls, precious or semi-precious stones exports from Japan, comprising 65% of total exports. The second position in the ranking was held by the United States ($X), with a 15% share of total exports. It was followed by Thailand, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR amounted to -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-4.1% per year) and Thailand (-1.8% per year).

Export Prices by Country

In 2022, the average precious stone and pearl export price amounted to $X per kg, surging by 7,493% against the previous year. Over the period under review, the export price showed a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per kg), while the average price for exports to India ($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 Israel (+196.3%), 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 Japan

Precious stone and pearl imports into Japan declined to X tons in 2022, with a decrease of -9.6% against 2021 figures. Overall, imports saw a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 35%. 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 amounted to $X in 2022. In general, imports showed a perceptible curtailment. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest precious stone and pearl supplier to Japan, with a 56% share of total imports. Moreover, precious stone and pearl imports from India exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to -11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-10.1% per year) and the United States (-17.1% per year).

In value terms, India ($X) constituted the largest supplier of cultured pearls, precious or semi-precious stones to Japan, comprising 49% of total imports. The second position in the ranking was taken by Thailand ($X), with a 7.9% share of total imports. It was followed by Hong Kong SAR, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-2.6% per year) and Hong Kong SAR (-10.9% per year).

Import Prices by Country

In 2022, the average precious stone and pearl import price amounted to $X per ton, growing by 15% against the previous year. In general, the import price showed a resilient expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by 60% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 ($X per ton), while the price for Madagascar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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