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

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

The New Zealand precious stone and pearl market declined notably to $X in 2022, with a decrease of -16.4% 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). Overall, consumption showed a abrupt contraction. 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.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from New Zealand

In 2022, precious stone and pearl exports from New Zealand fell dramatically to X tons, reducing by -26.1% compared with the year before. Overall, exports showed a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 110%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, precious stone and pearl exports surged to $X in 2022. Over the period under review, exports continue to indicate a abrupt setback. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons), Germany (X tons) and New Caledonia (X tons) were the main destinations of precious stone and pearl exports from New Zealand, together accounting for 84% of total exports. Hong Kong SAR, the United States, the UK and Thailand lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +108.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the key foreign market for cultured pearls, precious or semi-precious stones exports from New Zealand, comprising 62% of total exports. The second position in the ranking was taken by the United States ($X), with an 18% share of total exports. It was followed by Hong Kong SAR, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia stood at -7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+0.1% per year) and Hong Kong SAR (-14.5% per year).

Export Prices by Country

In 2022, the average precious stone and pearl export price amounted to $X per ton, surging by 137% against the previous year. Overall, the export price, however, showed a perceptible downturn. 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 remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to New Caledonia ($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 (+4.6%), 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 New Zealand

Precious stone and pearl imports into New Zealand contracted sharply to X tons in 2022, declining by -23.7% against the previous year's figure. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2019 when imports increased by 100%. Over the period under review, imports hit record highs 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. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 37% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), Brazil (X tons) and Madagascar (X tons) were the main suppliers of precious stone and pearl imports to New Zealand, with a combined 72% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Madagascar (with a CAGR of +85.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of cultured pearls, precious or semi-precious stones to New Zealand, comprising 50% of total imports. The second position in the ranking was held by Australia ($X), with a 21% share of total imports. It was followed by the United States, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value from India stood at +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-3.6% per year) and the United States (-0.2% per year).

Import Prices by Country

In 2022, the average precious stone and pearl import price amounted to $X per ton, surging by 17% against the previous year. In general, the import price continues to indicate buoyant growth. The pace of growth was the most pronounced in 2020 when the average import price increased by 152%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average 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 India ($X per ton), while the price for Madagascar ($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 (+55.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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