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

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

The Tunisian precious stone and pearl market surged to $X in 2022, jumping by 34% against the previous year. In general, consumption saw a significant expansion. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

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

In value terms, precious stone and pearl production reduced notably to $X in 2022 estimated in export price. In general, production, however, posted a significant increase. The growth pace was the most rapid in 2019 when the production volume increased by 382,267,300% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Tunisia

In 2022, approx. X tons of cultured pearls, precious or semi-precious stones were exported from Tunisia; which is down by -49.4% on 2021 figures. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 8,945% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, precious stone and pearl exports dropped significantly to $X in 2022. Overall, exports, however, posted a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 981%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X tons) was the main destination for precious stone and pearl exports from Tunisia, with a 98% share of total exports. It was followed by Austria (X tons), with a 1.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway was relatively modest.

In value terms, Norway ($X) and Austria ($X) were the largest markets for precious stone and pearl exported from Tunisia worldwide.

In terms of the main countries of destination, Norway, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average precious stone and pearl export price stood at $X per ton in 2022, with an increase of 8.1% against the previous year. Over the period under review, the export price, however, showed a deep slump. The most prominent rate of growth was recorded in 2020 an increase of 772%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Norway totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (-18.2%).

Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports into Tunisia

In 2022, the amount of cultured pearls, precious or semi-precious stones imported into Tunisia surged to X tons, increasing by 46% on 2021. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 2,744% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, precious stone and pearl imports amounted to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 231% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X tons), India (X tons) and the United States (X tons) were the main suppliers of precious stone and pearl imports to Tunisia, with a combined 82% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +118.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of cultured pearls, precious or semi-precious stones to Tunisia, comprising 13% of total imports. The second position in the ranking was held by France ($X), with a 5.9% share of total imports. It was followed by the United States, with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+4.0% per year) and the United States (+22.1% per year).

Import Prices by Country

The average precious stone and pearl import price stood at $X per ton in 2022, shrinking by -22.2% against the previous year. Overall, the import price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when the average import price increased by 3,079% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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 Thailand ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+23.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform