Report Update Nov 1, 2024

Finland - Synthetic or Reconstructed Precious or Semi-Precious Stones - Market Analysis, Forecast, Size, Trends and Insights

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Finland: Synthetic Gemstones Market 2024

Synthetic Gemstones Market Size in Finland

The Finnish synthetic gemstones market was finally on the rise to reach $X in 2021, after four years of decline. Over the period under review, consumption showed temperate growth. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Synthetic Gemstones Production in Finland

In value terms, synthetic gemstones production reached $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 33% against the previous year. Synthetic gemstones production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Synthetic Gemstones Exports

Exports from Finland

In 2021, overseas shipments of synthetic or reconstructed precious or semi-precious stones were finally on the rise to reach X kg for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, continue to indicate a abrupt shrinkage. The exports peaked at X kg in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, synthetic gemstones exports skyrocketed to $X in 2021. In general, exports, however, faced a abrupt downturn. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X kg) was the main destination for synthetic gemstones exports from Finland, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands totaled +38.3%.

In value terms, the Netherlands ($X) also remains the key foreign market for synthetic or reconstructed precious or semi-precious stones exports from Finland.

From 2012 to 2021, the average annual growth rate of value to the Netherlands amounted to +2.1%.

Export Prices by Country

The average synthetic gemstones export price stood at $X per kg in 2021, surging by 82% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 147% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per kg in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2021, the rate of growth in terms of prices for Germany amounted to +4.7% per year.

Synthetic Gemstones Imports

Imports into Finland

Synthetic gemstones imports into Finland skyrocketed to X kg in 2021, increasing by 1,100% against the year before. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 4,775%. As a result, imports attained the peak of X kg. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, synthetic gemstones imports skyrocketed to $X in 2021. Over the period under review, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 2,195% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Hong Kong SAR (X kg), the United States (X kg) and India (X kg) were the main suppliers of synthetic gemstones imports to Finland, together accounting for 58% of total imports. Moreover, synthetic gemstones imports in Hong Kong SAR exceeded the figures recorded by the second-largest supplier, the United States, twofold.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +21.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic gemstones suppliers to Finland were the UK ($X), Hong Kong SAR ($X) and India ($X), with a combined 81% share of total imports.

Hong Kong SAR, with a CAGR of +77.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average synthetic gemstones import price amounted to $X per ton, picking up by 19% against the previous year. In general, the import price posted a prominent increase. The growth pace was the most rapid in 2018 an increase of 104%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+157.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for synthetic or reconstructed precious or semi-precious stones in the world?

The countries with the highest volumes of synthetic gemstones consumption in 2021 were the United Arab Emirates, Myanmar and India, with a combined 79% share of global consumption.

What are the largest producers of synthetic or reconstructed precious or semi-precious stones in the world?

The countries with the highest volumes of synthetic gemstones production in 2021 were Russia, Hong Kong SAR and Switzerland, with a combined 71% share of global production. Lao People's Democratic Republic, Germany, Singapore, France and Taiwan Chinese) lagged somewhat behind, together accounting for a further 20%.

What are the leading suppliers of synthetic or reconstructed precious or semi-precious stones to Finland?

In value terms, the United States $58) constituted the largest supplier of synthetic gemstones to Finland.

What is the average export price for synthetic or reconstructed precious or semi-precious stones in Finland?

In 2017, the average synthetic gemstones export price amounted to $7,144 per kg, approximately reflecting the previous year.

What is the average import price for synthetic or reconstructed precious or semi-precious stones in Finland?

In 2021, the average synthetic gemstones import price amounted to $591,000 per ton, waning by -28.7% against the previous year.

This report provides an in-depth analysis of the synthetic gemstones market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20136800 - Synthetic or reconstructed precious or semi-precious stones, u nworked or simply sawn or roughly shaped

Country coverage:

Finland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Finland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023