Brazil: Synthetic Gemstones Market 2024

Synthetic Gemstones Market Size in Brazil

The Brazilian synthetic gemstones market fell markedly to $X in 2021, which is down by -80.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption faced a sharp descent. Synthetic gemstones consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Synthetic Gemstones Exports

Exports from Brazil

In 2021, after five years of growth, there was significant decline in shipments abroad of synthetic or reconstructed precious or semi-precious stones, when their volume decreased by -32.4% to X kg. Overall, exports saw a pronounced downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 260%. Over the period under review, the exports reached the maximum at X kg in 2020, and then dropped markedly in the following year.

In value terms, synthetic gemstones exports skyrocketed to $X in 2021. In general, exports, however, enjoyed temperate growth. The pace of growth appeared the most rapid in 2018 when exports increased by 115%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X kg) was the main destination for synthetic gemstones exports from Brazil, accounting for a 88% share of total exports. Moreover, synthetic gemstones exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Thailand (X kg), more than tenfold. The third position in this ranking was taken by Germany (X kg), with a 2.3% share.

From 2012 to 2021, the average annual growth rate of volume to Taiwan (Chinese) stood at -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+52.4% per year) and Germany (+9.9% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for synthetic or reconstructed precious or semi-precious stones exports from Brazil, comprising 55% of total exports. The second position in the ranking was taken by the United States ($X), with a 6.2% share of total exports. It was followed by Thailand, with a 0.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Taiwan (Chinese) totaled +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-12.0% per year) and Thailand (+30.1% per year).

Export Prices by Country

In 2021, the average synthetic gemstones export price amounted to $X per ton, increasing by 72% against the previous year. In general, the export price showed resilient growth. The growth pace was the most rapid in 2013 an increase of 326% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+107.7%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Gemstones Imports

Imports into Brazil

In 2021, the amount of synthetic or reconstructed precious or semi-precious stones imported into Brazil fell rapidly to X tons, waning by -74.9% compared with the previous year. In general, imports recorded a sharp descent. The most prominent rate of growth was recorded in 2019 with an increase of 240%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, synthetic gemstones imports reduced to $X in 2021. Overall, imports recorded a precipitous decrease. The pace of growth was the most pronounced in 2017 with an increase of 21%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Hong Kong SAR (X kg) constituted the largest synthetic gemstones supplier to Brazil, with a 52% share of total imports. Moreover, synthetic gemstones imports from Hong Kong SAR exceeded the figures recorded by the second-largest supplier, Japan (X kg), threefold. China (X kg) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Hong Kong SAR amounted to +29.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+5.4% per year) and China (-43.5% per year).

In value terms, China ($X) constituted the largest supplier of synthetic or reconstructed precious or semi-precious stones to Brazil, comprising 41% of total imports. The second position in the ranking was taken by the United States ($X), with a 17% share of total imports. It was followed by Germany, with a 5% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-38.4% per year) and Germany (-29.7% per year).

Import Prices by Country

The average synthetic gemstones import price stood at $X per ton in 2021, with an increase of 241% against the previous year. Overall, the import price showed a notable increase. The most prominent rate of growth was recorded in 2018 an increase of 413% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+101.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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