Pearls: natural, whether or not worked or graded (but not strung, mounted or set), temporarily strung for the convenience of transport

In 2024, pearls: natural, whether or not worked or graded (but not strung, mounted or set), temporarily strung for the convenience of transport trade exhibited significant decline, with global flows reaching $74,546,708 and a three-year compound annual growth rate of +7.8% (five-year: +7.6%). The all-time peak of $979,431,096 was recorded in 2013; the current level is 92% below that high-water mark.

Over the 30-year observation window (1995–2024), 59% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is strengthening (+14.3% acceleration).

The World Trade Flows Characterization classifies pearls: natural, whether or not worked or graded (but not strung, mounted or set), temporarily strung for the convenience of transport as "Two-way vertical trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is diversified (Herfindahl-Hirschman Index 0.105). The three largest exporters — Türkiye ($21.3M), Switzerland ($17.6M), and Hong Kong ($14.4M) — collectively dominate supply flows. The leading exporter has grown at -5.2% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.116). The three largest import markets are Hong Kong ($13.2M), Japan ($12.6M), and Switzerland ($12.2M). The largest importing market sources from 17 different supplying countries.

The dominant trade corridor is Switzerland → Hong Kong at $8.1M, representing 61.2% of the importer's total demand.

The volatility score for pearls: natural, whether or not worked or graded (but not strung, mounted or set), temporarily strung for the convenience of transport is 21 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.