In 2023, Japan led the global export of cultured pearls, though with a slight contraction of 0.32%. The United Arab Emirates experienced significant growth, increasing its exports by 36.95%, while Thailand and Indonesia expanded by 9.82% and 19.77%, respectively. The United States showed minimal growth at 0.48%. Notably, China's exports fell sharply by 31.62%, reflecting a significant market shift. Other countries like Australia and France saw substantial declines, whereas Canada posted a 20.41% increase. Overall, the pearls market demonstrated mixed performance, with pronounced growth in the Middle East and parts of Asia.
Future trends to watch include potential shifts in consumer preferences, technological advancements in pearl cultivation, and geopolitical factors impacting trade routes. The UAE may continue to gain market share, likely influenced by its bolstered infrastructure supporting luxury goods exports. Meanwhile, established players like Japan might reinforce their market stance through innovations and quality enhancements in pearl cultivation techniques.
Top countries in Export of Pearls Cultured Worked, Not Mounted or Set by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 261,690,000 | 2023 | +1.33% | -0.32% | View data |
| 2 | 2 United Arab Emirates | 161,530,000 | 2023 | +4.72% | +36.95% | View data |
| 3 | 3 Thailand | 23,978,000 | 2023 | +2.45% | +9.82% | View data |
| 4 | 4 Indonesia | 16,291,000 | 2023 | +4.34% | +19.77% | View data |
| 5 | 5 United States | 15,556,000 | 2023 | -1.2% | +0.48% | View data |
| 6 | 6 Philippines | 10,960,000 | 2023 | -2.58% | -0.35% | View data |
| 7 | 7 Myanmar | 8,891,500 | 2023 | +1.21% | +0.53% | View data |
| 8 | 8 China | 8,400,500 | 2023 | -50.28% | -31.62% | View data |
| 9 | 9 Australia | 4,879,700 | 2023 | -59.26% | -35.12% | View data |
| 10 | 10 Italy | 2,133,000 | 2023 | -23.26% | -18.78% | View data |
