The global export landscape of articles of natural or cultured pearls is dominated by Japan and China, with Japan holding 66.24% of the export share in kilograms as of 2023, despite a year-on-year decrease of 17.83%. China holds the second largest share at 29.63%, experiencing an 8.9% decline. The United Kingdom, though trailing significantly behind, shows resilience with a growth of 5.44% year-on-year. Smaller markets like Slovenia and Colombia have witnessed substantial growth rates of 214.36% and 198.4% respectively, albeit from much lower bases.
Future trends to watch include the potential impact of economic recovery on luxury goods consumption, fluctuating demand in major markets like the United States, and emerging players' increasing roles in the global market. Technological advancements in pearl cultivation and market diversifications might influence future export dynamics. The sustainability movement could drive innovation in pearl farming, influencing production and market preferences.
Top countries in Export of Articles of Natural or Cultured Pearls Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 66.24 | 2023 | +2.78% | -17.83% | View data |
| 2 | 2 China | 29.63 | 2023 | -9.41% | -8.9% | View data |
| 3 | 3 United Kingdom | 5.08 | 2023 | +4.19% | +5.44% | View data |
| 4 | 4 United Arab Emirates | 1.01 | 2023 | -48.17% | -33.95% | View data |
| 5 | 5 Germany | 0.56 | 2023 | +3.01% | -1.47% | View data |
| 6 | 6 Luxembourg | 0.18 | 2023 | -3.64% | -6.31% | View data |
| 7 | 7 Belgium | 0.16 | 2023 | +5.95% | +6.4% | View data |
| 8 | 8 Slovenia | 0.16 | 2023 | +4.41% | +214.36% | View data |
| 9 | 9 South Africa | 0.13 | 2023 | +1.18% | +0.52% | View data |
| 10 | 10 Italy | 0.12 | 2023 | -2.65% | +5.67% | View data |
