India - Synthetic or Reconstructed Precious or Semi-Precious Stones - Market Analysis, Forecast, Size, Trends and Insights
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View PricingIndia: Synthetic Gemstones Market 2024
Synthetic Gemstones Market Size in India
In 2021, the Indian synthetic gemstones market increased by 185% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption posted a significant increase. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in years to come.
Synthetic Gemstones Exports
Exports from India
In 2021, shipments abroad of synthetic or reconstructed precious or semi-precious stones increased by 21% to X tons, rising for the second year in a row after four years of decline. Overall, exports saw a significant increase. The growth pace was the most rapid in 2013 with an increase of 9,482% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.
In value terms, synthetic gemstones exports soared to $X in 2021. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 5,329% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.
Exports by Country
Hong Kong SAR (X tons) was the main destination for synthetic gemstones exports from India, with a 90% share of total exports. Moreover, synthetic gemstones exports to Hong Kong SAR exceeded the volume sent to the second major destination, Belgium (X tons), more than tenfold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 3.2% share.
From 2012 to 2021, the average annual growth rate of volume to Hong Kong SAR amounted to +58.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+82.2% per year) and the United Arab Emirates (+46.6% per year).
In value terms, Hong Kong SAR ($X), the United Arab Emirates ($X) and the United States ($X) constituted the largest markets for synthetic gemstones exported from India worldwide, with a combined 98% share of total exports.
The United Arab Emirates, with a CAGR of +199.7%, recorded the highest growth rate of 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
In 2021, the average synthetic gemstones export price amounted to $X per ton, jumping by 43% against the previous year. Over the period under review, the export price saw buoyant growth. The growth pace was the most rapid in 2020 an increase of 440%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Belgium ($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 the United Arab Emirates (+104.5%), while the prices for the other major destinations experienced more modest paces of growth.
Synthetic Gemstones Imports
Imports into India
In 2021, purchases abroad of synthetic or reconstructed precious or semi-precious stones increased by 189% to X tons, rising for the second year in a row after three years of decline. Overall, imports recorded a significant increase. The growth pace was the most rapid in 2020 when imports increased by 7,109%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.
In value terms, synthetic gemstones imports soared to $X in 2021. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 6,719%. Imports peaked in 2021 and are expected to retain growth in the near future.
Imports by Country
In 2021, Hong Kong SAR (X tons) constituted the largest supplier of synthetic gemstones to India, with a 84% share of total imports. Moreover, synthetic gemstones imports from Hong Kong SAR exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 4.1% share.
From 2012 to 2021, the average annual growth rate of volume from Hong Kong SAR totaled +67.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+64.7% per year) and the United Arab Emirates (+223.7% per year).
In value terms, Hong Kong SAR ($X) constituted the largest supplier of synthetic or reconstructed precious or semi-precious stones to India, comprising 78% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 7.5% share of total imports. It was followed by the United States, with a 4.4% share.
From 2012 to 2021, the average annual growth rate of value from Hong Kong SAR stood at +60.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+167.8% per year) and the United States (+58.1% per year).
Import Prices by Country
The average synthetic gemstones import price stood at $X per ton in 2021, which is down by -7.7% against the previous year. In general, the import price showed a perceptible decrease. The growth pace was the most rapid in 2015 an increase of 230% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($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 United States (-4.0%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the synthetic gemstones market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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