China: Natural Quartz Crystal Market 2024

Natural Quartz Crystal Market Size in China

The Chinese natural quartz crystal market totaled $X in 2022, surging by 1.7% against the previous year. In general, consumption recorded a slight downturn. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Natural Quartz Crystal Production in China

In value terms, natural quartz crystal production rose slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 54% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Natural Quartz Crystal Exports

Exports from China

After three years of growth, shipments abroad of quartz crystal (natural) decreased by -0.7% to X tons in 2022. Overall, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 98% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, natural quartz crystal exports shrank slightly to $X in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 100%. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Malaysia (X tons) was the main destination for natural quartz crystal exports from China, with a 45% share of total exports. Moreover, natural quartz crystal exports to Malaysia exceeded the volume sent to the second major destination, Indonesia (X tons), threefold. The third position in this ranking was held by Thailand (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Malaysia stood at +62.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+13.9% per year) and Thailand (+25.2% per year).

In value terms, the largest markets for natural quartz crystal exported from China were Thailand ($X), Malaysia ($X) and Vietnam ($X), with a combined 68% share of total exports.

Among the main countries of destination, Malaysia, with a CAGR of +63.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average natural quartz crystal export price amounted to $X per ton, almost unchanged from the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, natural quartz crystal export price increased by +43.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 43%. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Quartz Crystal Imports

Imports into China

In 2022, supplies from abroad of quartz crystal (natural) was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports showed buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of 59% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, natural quartz crystal imports soared to $X in 2022. In general, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 187%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

India (X tons), Brazil (X tons) and South Korea (X tons) were the main suppliers of natural quartz crystal imports to China, together accounting for 53% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +40.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Norway ($X) and Brazil ($X) were the largest natural quartz crystal suppliers to China, with a combined 80% share of total imports. India, South Korea, Japan, Angola, Myanmar and Madagascar lagged somewhat behind, together accounting for a further 14%.

In terms of the main suppliers, India, with a CAGR of +56.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average natural quartz crystal import price amounted to $X per ton, increasing by 20% against the previous year. Over the period under review, the import price enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by 88%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 Norway ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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