Netherlands: Synthetic Gemstones Market 2024

Synthetic Gemstones Market Size in the Netherlands

The Dutch synthetic gemstones market surged to $X in 2021, rising by 2,015% against the previous year. In general, consumption saw a strong increase. Synthetic gemstones consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Synthetic Gemstones Production in the Netherlands

In value terms, synthetic gemstones production surged to $X in 2021 estimated in export price. Overall, production, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2019 when the production volume increased by 65% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Synthetic Gemstones Exports

Exports from the Netherlands

In 2021, overseas shipments of synthetic or reconstructed precious or semi-precious stones increased by 4.9% to X tons, rising for the second year in a row after two years of decline. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 268% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, synthetic gemstones exports reduced dramatically to $X in 2021. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 410% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium (X kg) was the main destination for synthetic gemstones exports from the Netherlands, accounting for a 56% share of total exports. Moreover, synthetic gemstones exports to Belgium exceeded the volume sent to the second major destination, Gibraltar (X kg), twofold. The United States (X kg) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium amounted to +83.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Gibraltar (0.0% per year) and the United States (+32.3% per year).

In value terms, the UK ($X) remains the key foreign market for synthetic or reconstructed precious or semi-precious stones exports from the Netherlands, comprising 60% of total exports. The second position in the ranking was held by the United States ($X), with a 25% share of total exports. It was followed by Belgium, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+13.3% per year) and Belgium (+79.5% per year).

Export Prices by Country

In 2021, the average synthetic gemstones export price amounted to $X per kg, reducing by -57% against the previous year. Over the period under review, the export price, however, continues to indicate a temperate expansion. The pace of growth appeared the most rapid in 2019 an increase of 125%. As a result, the export price attained the peak level of $X per kg. From 2020 to 2021, the average 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 the UK ($X per kg), while the average price for exports to Gibraltar ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+167.5%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Gemstones Imports

Imports into the Netherlands

In 2021, the amount of synthetic or reconstructed precious or semi-precious stones imported into the Netherlands surged to X tons, picking up by 2,942% compared with the previous year. Over the period under review, imports recorded a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, synthetic gemstones imports skyrocketed to $X in 2021. Overall, imports saw a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons) was the main supplier of synthetic gemstones to the Netherlands, accounting for a 95% share of total imports. It was followed by China (X kg), with a 0.5% share of total imports. The United States (X kg) ranked third in terms of total imports with a 0.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium amounted to +168.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-27.7% per year) and the United States (-9.1% per year).

In value terms, Belgium ($X) constituted the largest supplier of synthetic or reconstructed precious or semi-precious stones to the Netherlands, comprising 90% of total imports. The second position in the ranking was held by China ($X), with a 1.2% share of total imports. It was followed by the United States, with a 0.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium totaled +130.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.7% per year) and the United States (-5.7% per year).

Import Prices by Country

The average synthetic gemstones import price stood at $X per ton in 2021, waning by -42.2% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 73%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+42.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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