Eastern Asia: Synthetic Gemstones Market 2025

Synthetic Gemstones Market Size in Eastern Asia

The East Asian synthetic gemstones market contracted remarkably to $X in 2021, reducing by -56.9% against the previous year. Overall, consumption, however, saw a strong increase. As a result, consumption reached the peak level of $X, and then shrank remarkably in the following year.

Synthetic Gemstones Production in Eastern Asia

In value terms, synthetic gemstones production totaled $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 8%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Synthetic Gemstones Exports

Exports in Eastern Asia

Synthetic gemstones exports declined notably to X tons in 2021, dropping by -28.5% against the previous year. In general, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 31% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, synthetic gemstones exports soared to $X in 2021. Overall, exports, however, saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) and Hong Kong SAR (X tons) were the key exporters of synthetic or reconstructed precious or semi-precious stones in 2021, reaching approx. 40% and 37% of total exports, respectively. It was distantly followed by Japan (X tons), comprising an 18% share of total exports. Taiwan (Chinese) (X tons) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +16.3%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Hong Kong SAR ($X) remains the largest synthetic gemstones supplier in Eastern Asia, comprising 82% of total exports. The second position in the ranking was taken by China ($X), with a 15% share of total exports. It was followed by Japan, with a 2.9% share.

In Hong Kong SAR, synthetic gemstones exports expanded at an average annual rate of +44.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: China (+15.3% per year) and Japan (-10.7% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per kg in 2021, with an increase of 165% against the previous year. In general, the export price enjoyed a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per kg), while Taiwan (Chinese) ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+33.8%), while the other leaders experienced more modest paces of growth.

Synthetic Gemstones Imports

Imports in Eastern Asia

In 2021, the amount of synthetic or reconstructed precious or semi-precious stones imported in Eastern Asia fell dramatically to X tons, which is down by -48.5% on 2020 figures. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 165% against the previous year. As a result, imports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, synthetic gemstones imports skyrocketed to $X in 2021. In general, imports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2018 when imports increased by 102%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Hong Kong SAR (X tons) and China (X tons) dominates imports structure, together committing 89% of total imports. It was distantly followed by South Korea (X tons), committing a 5.4% share of total imports. Japan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +10.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported synthetic or reconstructed precious or semi-precious stones in Eastern Asia, comprising 85% of total imports. The second position in the ranking was held by China ($X), with a 9.3% share of total imports. It was followed by Japan, with a 4.7% share.

In Hong Kong SAR, synthetic gemstones imports increased at an average annual rate of +32.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: China (+4.5% per year) and Japan (+9.0% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, increasing by 189% against the previous year. In general, the import price enjoyed a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+22.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :