India: Natural Quartz Crystal Market 2024

Natural Quartz Crystal Market Size in India

The Indian natural quartz crystal market shrank modestly to $X in 2022, which is down by -3.1% against the previous year. In general, consumption continues to indicate a deep reduction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Natural Quartz Crystal Production in India

In value terms, natural quartz crystal production declined slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 8.6%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Natural Quartz Crystal Exports

Exports from India

In 2022, the amount of quartz crystal (natural) exported from India rose rapidly to X tons, increasing by 6% on the previous year. Over the period under review, exports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 50% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, natural quartz crystal exports rose notably to $X in 2022. In general, exports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of 36% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Malaysia (X tons), Bhutan (X tons) and China (X tons) were the main destinations of natural quartz crystal exports from India, with a combined 50% share of total exports. Bangladesh, Vietnam, South Korea, Japan, Taiwan (Chinese), Canada, Qatar, Oman and the United Arab Emirates lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +74.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for natural quartz crystal exported from India were China ($X), Malaysia ($X) and Japan ($X), together accounting for 45% of total exports. Bangladesh, Vietnam, South Korea, Bhutan, Canada, Oman, Qatar, Taiwan (Chinese) and the United Arab Emirates lagged somewhat behind, together accounting for a further 42%.

Canada, with a CAGR of +77.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average natural quartz crystal export price stood at $X per ton in 2022, with an increase of 3.8% against the previous year. In general, the export price, however, showed a slight shrinkage. The pace of growth was the most pronounced in 2020 when the average export price increased by 13% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Quartz Crystal Imports

Imports into India

In 2022, purchases abroad of quartz crystal (natural) increased by 62% to X tons, rising for the second year in a row after two years of decline. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 607%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, natural quartz crystal imports surged to $X in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 262% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Brazil (X tons), Italy (X tons) and China (X tons) were the main suppliers of natural quartz crystal imports to India, with a combined 76% share of total imports. Belgium, Vietnam, Turkey and the United States lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +366.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Italy ($X) and China ($X) were the largest natural quartz crystal suppliers to India, together comprising 75% of total imports. Turkey, Belgium, the United States and Vietnam lagged somewhat behind, together comprising a further 19%.

In terms of the main suppliers, Turkey, with a CAGR of +305.1%, saw the highest rates of growth with regard to 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 natural quartz crystal import price stood at $X per ton in 2022, dropping by -6.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 87%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+18.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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