New Zealand: Synthetic Gemstones Market 2025

Synthetic Gemstones Market Size in New Zealand

The New Zealand synthetic gemstones market dropped sharply to $X in 2021, waning by -33.7% against the previous year. Overall, consumption, however, recorded a buoyant expansion. Synthetic gemstones consumption peaked at $X in 2020, and then plummeted in the following year.

Synthetic Gemstones Production in New Zealand

In value terms, synthetic gemstones production fell markedly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +23.8% against 2018 indices. The growth pace was the most rapid in 2020 when the production volume increased by 44%. Synthetic gemstones production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Synthetic Gemstones Exports

Exports from New Zealand

In 2021, shipments abroad of synthetic or reconstructed precious or semi-precious stones decreased by -79.4% to X kg for the first time since 2018, thus ending a two-year rising trend. In general, exports recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2019 when exports increased by 1,400% against the previous year. Over the period under review, the exports reached the maximum at X kg in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, synthetic gemstones exports declined remarkably to $X in 2021. Overall, exports saw a dramatic curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by 1,283%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for synthetic gemstones exports from New Zealand, with a 86% share of total exports. Moreover, synthetic gemstones exports to the United States exceeded the volume sent to the second major destination, Mexico (X kg), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -29.9%.

In value terms, Mexico ($X) remains the key foreign market for synthetic or reconstructed precious or semi-precious stones exports from New Zealand, comprising 98% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 1.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Mexico amounted to -12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-53.3% per year) and the United States (-46.6% per year).

Export Prices by Country

In 2021, the average synthetic gemstones export price amounted to $X per ton, jumping by 48% against the previous year. In general, the export price showed a buoyant expansion. The growth pace was the most rapid in 2020 an increase of 106%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+63.2%).

Synthetic Gemstones Imports

Imports into New Zealand

In 2021, imports of synthetic or reconstructed precious or semi-precious stones into New Zealand plummeted to X kg, falling by -69.9% on the previous year. Overall, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 705%. As a result, imports attained the peak of X kg, and then fell rapidly in the following year.

In value terms, synthetic gemstones imports fell remarkably to $X in 2021. In general, imports faced a sharp reduction. The growth pace was the most rapid in 2020 when imports increased by 469%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X kg) was the main synthetic gemstones supplier to New Zealand, with a 92% share of total imports. Moreover, synthetic gemstones imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (0.0% per year) and the United States (-23.4% per year).

In value terms, the largest synthetic gemstones suppliers to New Zealand were Hong Kong SAR ($X), the United States ($X) and China ($X), with a combined 35% share of total imports.

Hong Kong SAR, with a CAGR of +5.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average synthetic gemstones import price amounted to $X per kg, which is down by -28.8% against the previous year. Overall, the import price showed a precipitous slump. The pace of growth was the most pronounced in 2013 when the average import price increased by 146% against the previous year. As a result, import price attained the peak level of $X per kg. 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 the United States ($X per kg), while the price for China ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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