The global import market for cultured pearls saw significant shifts in 2023. India dominated with a commanding market share, followed by the United Arab Emirates, marking notable growth. Emerging markets like Indonesia have shown impressive growth, while traditional markets such as the United States and Japan faced declines. European countries mostly experienced negative growth, indicative of shifting market dynamics in the pearl industry.
Future trends to watch include the rising influence of Asian markets, particularly India and China, on global import shares. Additionally, environmental and ethical considerations may drive changes in sourcing and demand for cultured pearls worldwide.
Top countries in Import of Pearls Cultured Worked, Not Mounted or Set Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 77.36 | 2023 | +3.36% | +42.87% | View data |
| 2 | 2 United Arab Emirates | 10.45 | 2023 | +4.84% | +31.23% | View data |
| 3 | 3 Japan | 4.36 | 2023 | +1.1% | -0.76% | View data |
| 4 | 4 China | 2.88 | 2023 | +1.6% | +5.9% | View data |
| 5 | 5 United States | 2.36 | 2023 | -17.61% | -13.54% | View data |
| 6 | 6 Thailand | 1.54 | 2023 | +2.09% | +9.26% | View data |
| 7 | 7 Australia | 1.26 | 2023 | -17.13% | -10.54% | View data |
| 8 | 8 Italy | 0.79 | 2023 | -9.17% | -8.41% | View data |
| 9 | 9 Canada | 0.17 | 2023 | -3.44% | -2.67% | View data |
| 10 | 10 France | 0.11 | 2023 | -25.26% | -18.97% | View data |
