Denmark: Synthetic Gemstones Market 2024

Synthetic Gemstones Market Size in Denmark

The Danish synthetic gemstones market shrank dramatically to $X in 2021, waning by -74.9% against the previous year. Overall, consumption saw a noticeable descent. Over the period under review, the market reached the maximum level at $X in 2020, and then declined remarkably in the following year.

Synthetic Gemstones Production in Denmark

In value terms, synthetic gemstones production shrank to $X in 2021 estimated in export price. Overall, production showed a pronounced slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 39%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Synthetic Gemstones Exports

Exports from Denmark

In 2021, approx. X kg of synthetic or reconstructed precious or semi-precious stones were exported from Denmark; growing by 3,200% compared with the previous year's figure. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, synthetic gemstones exports skyrocketed to $X in 2021. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand (X kg) was the main destination for synthetic gemstones exports from Denmark, accounting for a 45% share of total exports. Moreover, synthetic gemstones exports to Thailand exceeded the volume sent to the second major destination, Iceland (X kg), threefold. The UK (X kg) ranked third in terms of total exports with an 18% share.

From 2017 to 2021, the average annual growth rate of volume to Thailand was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (0.0% per year) and the UK (0.0% per year).

In value terms, Thailand ($X) emerged as the key foreign market for synthetic or reconstructed precious or semi-precious stones exports from Denmark, comprising 67% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 22% share of total exports. It was followed by the UK, with a 5.4% share.

From 2017 to 2021, the average annual rate of growth in terms of value to Thailand was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (0.0% per year) and the UK (0.0% per year).

Export Prices by Country

The average synthetic gemstones export price stood at $X per ton in 2021, surging by 53% against the previous year. Over the period under review, the export price showed a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-32.0%).

Synthetic Gemstones Imports

Imports into Denmark

In 2021, approx. X kg of synthetic or reconstructed precious or semi-precious stones were imported into Denmark; jumping by 15% on the previous year. Overall, imports showed prominent growth. The pace of growth was the most pronounced in 2017 with an increase of 936%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, synthetic gemstones imports soared to $X in 2021. Over the period under review, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 670% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, the UK (X kg) constituted the largest synthetic gemstones supplier to Denmark, with a 67% share of total imports. Moreover, synthetic gemstones imports from the UK exceeded the figures recorded by the second-largest supplier, the United States (X kg), fourfold. The third position in this ranking was held by India (X kg), with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.9% per year) and India (+23.6% per year).

In value terms, the UK ($X) constituted the largest supplier of synthetic or reconstructed precious or semi-precious stones to Denmark, comprising 69% of total imports. The second position in the ranking was taken by the United States ($X), with a 20% share of total imports. It was followed by Israel, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.6% per year) and Israel (0.0% per year).

Import Prices by Country

The average synthetic gemstones import price stood at $X per ton in 2021, surging by 10% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 114%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+15.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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