Germany: Synthetic Gemstones Market 2024

Synthetic Gemstones Market Size in Germany

In 2021, the German synthetic gemstones market increased by 28% to $X, rising for the third consecutive year after two years of decline. Overall, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +113.7% against 2018 indices. Synthetic gemstones consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Synthetic Gemstones Production in Germany

In value terms, synthetic gemstones production shrank to $X in 2021 estimated in export price. Overall, the total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +58.8% against 2016 indices. The most prominent rate of growth was recorded in 2020 with an increase of 38%. As a result, production reached the peak level of $X, and then declined in the following year.

Synthetic Gemstones Exports

Exports from Germany

In 2021, shipments abroad of synthetic or reconstructed precious or semi-precious stones increased by 12% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, recorded a deep setback. The pace of growth was the most pronounced in 2017 when exports increased by 88%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, synthetic gemstones exports soared to $X in 2021. Over the period under review, exports, however, saw a slight reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 78% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons), Canada (X tons) and the United States (X tons) were the main destinations of synthetic gemstones exports from Germany, together accounting for 48% of total exports. These countries were followed by the Czech Republic, Switzerland, China, Hong Kong SAR, Thailand, Taiwan (Chinese) and Poland, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +76.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for synthetic gemstones exported from Germany were Canada ($X), Switzerland ($X) and the United States ($X), with a combined 51% share of total exports.

In terms of the main countries of destination, Canada, with a CAGR of +153.0%, recorded 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 2021, the average synthetic gemstones export price amounted to $X per ton, surging by 35% against the previous year. In general, the export price saw a remarkable increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 66% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Poland ($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 Canada (+46.5%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Gemstones Imports

Imports into Germany

In 2021, supplies from abroad of synthetic or reconstructed precious or semi-precious stones increased by 52% to X tons, rising for the fifth consecutive year after two years of decline. Overall, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 65%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, synthetic gemstones imports soared to $X in 2021. In general, imports showed a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons), China (X tons) and France (X tons) were the main suppliers of synthetic gemstones imports to Germany, with a combined 78% share of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +160.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Russia ($X) and Switzerland ($X) appeared to be the largest synthetic gemstones suppliers to Germany, together comprising 77% of total imports. These countries were followed by France and India, which together accounted for a further 11%.

In terms of the main suppliers, France, with a CAGR of +120.1%, saw 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

The average synthetic gemstones import price stood at $X per ton in 2021, declining by -9.3% against the previous year. In general, the import price faced a deep setback. The most prominent rate of growth was recorded in 2013 an increase of 39%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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