In 2024, India dominated global pearl imports with a value of 57.7 USD million, representing a substantial increase of 41.14% year-on-year. Japan followed with 16.75 USD million, experiencing a slight decline of 0.86%. The UAE saw a notable rise of 27.78%, while the US and China registered declines of 9.76% and growth of 5.73%, respectively. Other notable changes included a significant jump in Qatar (80.93%) and stable or declining trends in traditional importers like Italy, Switzerland, and France. The overall market depicted significant fluctuations, with diverse trends across countries.
Future trends to watch include sustained growth in emerging markets like Qatar and Bahrain, an increasing role of Asian markets such as Thailand, and turbulence in smaller European importers. Potential market volatility may arise from geopolitical shifts and consumer preferences changes in luxury goods.
Top countries in Import of Pearls Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 57.7 | 2023 | +2.91% | +41.14% | View data |
| 2 | 2 Japan | 16.75 | 2023 | +0.096% | -0.86% | View data |
| 3 | 3 United Arab Emirates | 6.92 | 2023 | +2.24% | +27.78% | View data |
| 4 | 4 United States | 3.06 | 2023 | -12.65% | -9.76% | View data |
| 5 | 5 China | 2.13 | 2023 | +1.45% | +5.73% | View data |
| 6 | 6 Australia | 1.75 | 2023 | -10.61% | -6.38% | View data |
| 7 | 7 Thailand | 1.61 | 2023 | +2.1% | +6.64% | View data |
| 8 | 8 Italy | 0.62 | 2023 | -9.48% | -8.51% | View data |
| 9 | 9 France | 0.25 | 2023 | -12.97% | -12.53% | View data |
| 10 | 10 Bahrain | 0.21 | 2023 | +4.47% | +30% | View data |
