Northern America: Precious Stones Market 2020

Precious Stones Market Size in Northern America

The revenue of the precious stones market in Northern America amounted to $X in 2017, coming down by -X% against the previous year. The precious stones consumption continues to indicate a moderate increase. The growth pace was the most rapid in 2008, when market value increased by X% year-to-year. Over the period under review, the precious stones market reached its maximum level of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Precious Stones Production in Northern America

In 2017, the amount of precious and semi-precious stones produced in Northern America totaled X tons, stabilizing at the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; 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 2008, with an increase of X% year-to-year. Over the period under review, the precious stones production attained its maximum volume in 2017, and is expected to retain its growth in the near future.

Precious Stones Exports in Northern America

In 2017, approx. X tons of precious and semi-precious stones were exported in Northern America; surging by X% against the previous year. The total exports indicated a notable expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the precious stones exports increased by +X% against 2013 indices. The growth pace was the most rapid in 2017, when it surged by X% year-to-year. In that year, the precious stones exports attained their peak volume, and are likely to continue its growth in the immediate term.

In value terms, precious stones exports stood at $X in 2017. The total exports indicated a remarkable expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the precious stones exports increased by +X% against 2015 indices. The level of exports peaked in 2017, and are likely to continue its growth in the immediate term.

Precious Stones Exports by Country in Northern America

In 2017, Canada (X tons) represented the largest exporter for precious and semi-precious stones, comprising X% of total exports. It was distantly followed by the U.S. (X tons), constituting X% share of total exports.

From 2007 to 2017, average annual rates of growth with regard to precious stones exports from Canada stood at +X%. At the same time, the U.S. (+X%) displayed positive paces of growth. Moreover, the U.S. emerged as the fastest growing exporter in Northern America, with a CAGR of +X% from 2007-2017. Canada (-X%) and the U.S. (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest precious stones markets worldwide were the U.S. ($X) and Canada ($X).

The U.S. (+X% per year) recorded the highest rates of growth with regard to exports, in terms of the main exporting countries over the last decade.

Precious Stones Export Prices by Country in Northern America

In 2017, the precious stones export price in Northern America amounted to $X per kg, waning by -X% against the previous year. The export price indicated a temperate increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the precious stones export price decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2013, an increase of X% year-to-year. Over the period under review, the export prices for precious and semi-precious stones attained its maximum level of $X per kg in 2014; however, from 2015 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was the U.S. ($X per kg), while Canada ($X per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Canada (+X% per year).

Precious Stones Imports in Northern America

In 2017, approx. X tons of precious and semi-precious stones were imported in Northern America; picking up by X% against the previous year. The precious stones imports continue to indicate an outstanding growth. The most prominent rate of growth was recorded in 2017, when imports increased by X% year-to-year. In that year, the precious stones imports attained their peak volume, and are likely to continue its growth in the immediate term.

In value terms, precious stones imports amounted to $X in 2017. The precious stones imports continue to indicate a remarkable expansion. The level of imports peaked in 2017, and are likely to see steady growth in the immediate term.

Precious Stones Imports by Country in Northern America

The imports of the one major importers of precious and semi-precious stones, namely the U.S., represented more than two-thirds of total import.

The U.S. was also the fastest growing in terms of the precious and semi-precious stones imports, with a CAGR of +X% from 2007 to 2017. From 2007 to 2017, the share of the U.S. decreased by -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported precious and semi-precious stones in Northern America.

From 2007 to 2017, the average annual growth rate of value in the U.S. totaled +X%.

Precious Stones Import Prices by Country in Northern America

In 2017, the precious stones import price in Northern America amounted to $X per ton, falling by -X% against the previous year. The precious stones import price continues to indicate a dramatic slump. The pace of growth appeared the most rapid in 2010, an increase of X% against the previous year. Over the period under review, the import prices for precious and semi-precious stones attained its maximum level of $X per kg in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

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

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the U.S. (-X% per year).

Source: IndexBox Platform