Report Update Jan 1, 2025

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

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Ghana: Synthetic Gemstones Market 2025

Synthetic Gemstones Market Size in Ghana

In 2021, the Ghanian synthetic gemstones market decreased by -0.3% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, the total consumption indicated notable 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, consumption increased by +7.2% against 2018 indices. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Synthetic Gemstones Production in Ghana

In value terms, synthetic gemstones production shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 9%. Over the period under review, production attained the peak level at $X in 2020, and then dropped in the following year.

Synthetic Gemstones Exports

Exports from Ghana

Synthetic gemstones exports from Ghana amounted to X kg in 2019, remaining relatively unchanged against 2018 figures. In general, exports recorded a abrupt decrease. The smallest decline of 99.9% was in 2015. The exports peaked at X kg in 2014; however, from 2015 to 2019, the exports remained at a lower figure.

In value terms, synthetic gemstones exports totaled $X in 2019. Overall, exports recorded a perceptible downturn. The smallest decline of 99.9% was in 2015. The exports peaked at $X in 2014; however, from 2015 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

Sudan (X kg) was the main destination for synthetic gemstones exports from Ghana, accounting for a approx. 100% share of total exports.

From 2013 to 2019, the average annual rate of growth in terms of volume to Sudan was relatively modest.

From 2013 to 2019, the average annual growth rate of value to Sudan was relatively modest.

Export Prices by Country

The average synthetic gemstones export price stood at $X per ton in 2019, leveling off at the previous year. Overall, the export price enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2015 when the average export price decreased by 99.9% against the previous year. The export price peaked in 2019 and is expected to retain growth in the immediate term.

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

From 2014 to 2019, the rate of growth in terms of prices for Cote d'Ivoire amounted to 0.0% per year.

Synthetic Gemstones Imports

Imports into Ghana

In 2017, imports of synthetic or reconstructed precious or semi-precious stones into Ghana surged to X kg, rising by 371% compared with 2016. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, synthetic gemstones imports soared to $X in 2017. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2017, the UK (X kg) was the main supplier of synthetic gemstones to Ghana, with a approx. 100% share of total imports.

From 2013 to 2017, the average annual rate of growth in terms of volume from the UK amounted to +63.1%.

In value terms, the UK ($X) constituted the largest supplier of synthetic or reconstructed precious or semi-precious stones to Ghana.

From 2013 to 2017, the average annual rate of growth in terms of value from the UK totaled +77.9%.

Import Prices by Country

The average synthetic gemstones import price stood at $X per ton in 2017, with an increase of 96% against the previous year. In general, the import price recorded a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From 2013 to 2017, the rate of growth in terms of prices for the UK amounted to +8.6% per year.

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. These countries were followed by Lao People's Democratic Republic, Germany, Singapore, France and Taiwan Chinese), which together accounted for a further 20%.

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

In value terms, the UK constituted the largest supplier of synthetic gemstones to Ghana.

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

The average synthetic gemstones export price stood at $835,000 per ton in 2019, rising by 90% against the previous year.

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

In 2017, the average synthetic gemstones import price amounted to $595,500 per ton, picking up by 2,353% against the previous year.

This report provides an in-depth analysis of the synthetic gemstones market in Ghana. 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:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024