Oman - Cultured Pearls, Precious Or Semi-Precious Stones - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Precious Stone and Pearl in Oman - 2021
Contents:
- Price for Precious Stone and Pearl in Oman (CIF) - 2022
- Price for Precious Stone and Pearl in Oman (FOB) - 2022
- Imports of Precious Stone and Pearl in Oman
- Exports of Precious Stone and Pearl in Oman
Price for Precious Stone and Pearl in Oman (CIF) - 2022
In 2022, the average precious stone and pearl import price amounted to $22,535 per ton, growing by 46% against the previous year. Over the period under review, the import price posted a resilient increase. The pace of growth was the most pronounced in 2016 an increase of 423%. The import price peaked at $40,280 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($16,420 per ton), while the price for Brazil ($95 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+69.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Precious Stone and Pearl in Oman (FOB) - 2022
The average precious stone and pearl export price stood at $730 per ton in 2022, shrinking by -42.9% against the previous year. Over the period under review, the export price, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 936%. The export price peaked at $5,104 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($5,463 per ton), while the average price for exports to Thailand totaled $1.2 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+79.2%), while the prices for the other major destinations experienced a decline.
Imports of Precious Stone and Pearl in Oman
In 2022, the amount of cultured pearls, precious or semi-precious stones imported into Oman reduced remarkably to 179 tons, declining by -30% against the year before. Over the period under review, imports continue to indicate a precipitous decline. The pace of growth was the most pronounced in 2021 when imports increased by 150%.
In value terms, precious stone and pearl imports rose slightly to $4M in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 9.3%. As a result, imports attained the peak of $4.1M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Precious Stone and Pearl in Oman (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 648 | 1,214 | 1,254 | 791 | 6.9% |
United Arab Emirates | 308 | 814 | 297 | 256 | -6.0% |
Yemen | 5.7 | 2.2 | 85.6 | 7.7 | 10.5% |
Brazil | 2.3 | N/A | 45.0 | 2.7 | 5.5% |
Others | 2,799 | 2,083 | 2,257 | 2,968 | 2.0% |
Total | 3,764 | 4,114 | 3,939 | 4,026 | 2.3% |
Top Suppliers of Precious Stone and Pearl to Oman in 2022:
- United Arab Emirates (63.4 tons)
- Thailand (48.2 tons)
- Yemen (35.6 tons)
- Brazil (28.4 tons)
Exports of Precious Stone and Pearl in Oman
In 2022, approx. 66 tons of cultured pearls, precious or semi-precious stones were exported from Oman; increasing by 31% compared with the year before. In general, exports saw a significant increase. The growth pace was the most rapid in 2020 when exports increased by 332% against the previous year. As a result, the exports reached the peak of 81 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, precious stone and pearl exports shrank significantly to $48K in 2022. Over the period under review, exports, however, showed a significant decrease. The growth pace was the most rapid in 2021 with an increase of 101% against the previous year.
Export of Precious Stone and Pearl in Oman (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Qatar | 65.0 | 28.4 | 28.9 | 42.5 | -13.2% |
Hong Kong SAR | 5.8 | N/A | 0.2 | 0.3 | -62.7% |
Thailand | 0.1 | N/A | N/A | 0.1 | 0.0% |
Others | 25.4 | 3.5 | 35.0 | 5.1 | -41.4% |
Total | 96.3 | 31.9 | 64.1 | 48.0 | -20.7% |
Top Export Markets for Precious Stone and Pearl from Oman in 2022:
- Thailand (56.9 tons)
- Qatar (7.8 tons)
This report provides an in-depth analysis of the market for precious stone and pearl in Oman. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32121100 - Cultured pearls, precious or semi-precious stones, including synthetic or reconstructed, worked but not set
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Oman
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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