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

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

After four years of growth, the Kazakh precious stone and pearl market decreased by -0.4% to $X in 2022. In general, consumption, however, recorded resilient growth. Over the period under review, the market hit record highs at $X in 2021, and then shrank slightly in the following year.

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

In value terms, precious stone and pearl production surged to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a significant increase. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Kazakhstan

In 2022, approx. X tons of cultured pearls, precious or semi-precious stones were exported from Kazakhstan; rising by 50% on the previous year. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 427,178% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, precious stone and pearl exports surged to $X in 2022. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 38,560%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons) and Russia (X tons) were the main destinations of precious stone and pearl exports from Kazakhstan.

From 2014 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of 0.0%).

In value terms, Russia ($X) emerged as the key foreign market for cultured pearls, precious or semi-precious stones exports from Kazakhstan, comprising 38% of total exports. The second position in the ranking was held by Germany ($X), with a 5.2% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of value to Russia was relatively modest.

Export Prices by Country

The average precious stone and pearl export price stood at $X per ton in 2022, leveling off at the previous year. Over the period under review, the export price, however, showed a pronounced expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 86,289% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 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 Russia ($X per ton), while the average price for exports to Germany stood at $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+8.9%).

Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports into Kazakhstan

Precious stone and pearl imports into Kazakhstan contracted modestly to X tons in 2022, declining by -3.3% against the previous year's figure. In general, imports, however, posted a strong increase. The growth pace was the most rapid in 2018 with an increase of 162% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, precious stone and pearl imports reduced modestly to $X in 2022. Over the period under review, imports, however, enjoyed a measured increase. The pace of growth appeared the most rapid in 2019 with an increase of 86% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of precious stone and pearl to Kazakhstan, accounting for a 31% share of total imports. Moreover, precious stone and pearl imports from Belgium exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. Russia (X tons) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium amounted to +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+44.1% per year) and Russia (-15.4% per year).

In value terms, the largest precious stone and pearl suppliers to Kazakhstan were India ($X), Russia ($X) and Armenia ($X), together comprising 2.7% of total imports. The United States, Belgium, Germany and Kyrgyzstan lagged somewhat behind, together comprising a further 1.4%.

Kyrgyzstan, with a CAGR of +69.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average precious stone and pearl import price stood at $X per ton in 2022, rising by 3% against the previous year. In general, the import price, however, saw a pronounced setback. The pace of growth was the most pronounced in 2013 an increase of 23%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 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 ($X per ton), while the price for Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+29.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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