In 2023, China led the global export of articles of pearls with a market share of 24.21%, despite a 4.57% decline. Japan followed with 20.76%, also declining by 4.78%. Switzerland showed remarkable growth at 7.99%, reaching 15.4%. The Philippines and Indonesia registered significant increases of 7.18% and 18.17% respectively. Conversely, the United States saw a 10.54% decrease to 9.22%, and Germany's share fell by 10.57%. Emerging markets like Colombia and Greece experienced impressive surges of 30.1% and 35.41% respectively. Smaller contributors like Slovakia and Senegal recorded substantial year-on-year growths of 88.63% and 59.94%.
Looking ahead, the market is expected to see a shift in dominance as Asian countries continue advancing. Artificial alternatives and shifting luxury consumer trends may influence market dynamics. Environmental concerns and trade regulations could also impact future growth. Monitoring technological advancements in pearl cultivation and competitors investing in sustainable practices can offer insights into future trends.
Top countries in Export of Articles of Natural or Cultured Pearls Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 24.21 | 2023 | -9.05% | -4.57% | View data |
| 2 | 2 Japan | 20.76 | 2023 | -3.36% | -4.78% | View data |
| 3 | 3 Switzerland | 15.4 | 2023 | -1.9% | +7.99% | View data |
| 4 | 4 Philippines | 9.9 | 2023 | +5.71% | +7.18% | View data |
| 5 | 5 United States | 9.22 | 2023 | -9.57% | -10.54% | View data |
| 6 | 6 France | 4.49 | 2023 | +2.64% | +5.56% | View data |
| 7 | 7 Australia | 3.44 | 2023 | -8.19% | +1.58% | View data |
| 8 | 8 United Kingdom | 3.15 | 2023 | -2.11% | -2.78% | View data |
| 9 | 9 Indonesia | 2.81 | 2023 | +4.48% | +18.17% | View data |
| 10 | 10 Italy | 2.75 | 2023 | +1.91% | +5.39% | View data |
