Report Update Nov 1, 2024

Norway - Synthetic or Reconstructed Precious or Semi-Precious Stones - Market Analysis, Forecast, Size, Trends and Insights

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Norway: Synthetic Gemstones Market 2024

Synthetic Gemstones Market Size in Norway

The Norwegian synthetic gemstones market contracted significantly to $X in 2021, with a decrease of -48.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a remarkable increase. Synthetic gemstones consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Synthetic Gemstones Exports

Exports from Norway

In 2021, approx. X kg of synthetic or reconstructed precious or semi-precious stones were exported from Norway; growing by 50% on 2020 figures. In general, exports, however, saw a perceptible setback. Over the period under review, the exports hit record highs at X kg in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, synthetic gemstones exports skyrocketed to $X in 2021. Overall, exports, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2014 when exports increased by 224%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X kg) was the main destination for synthetic gemstones exports from Norway, with a 89% share of total exports. Moreover, synthetic gemstones exports to Germany exceeded the volume sent to the second major destination, Sweden (X kg), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to -4.4%.

In value terms, the largest markets for synthetic gemstones exported from Norway were Germany ($X) and Sweden ($X).

Sweden, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average synthetic gemstones export price amounted to $X per kg, surging by 41% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 161% against the previous year. Over the period under review, the average export prices hit record highs at $X per kg in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per kg), while the average price for exports to Germany stood at $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+13.8%).

Synthetic Gemstones Imports

Imports into Norway

In 2021, the amount of synthetic or reconstructed precious or semi-precious stones imported into Norway declined rapidly to X kg, dropping by -43.8% against the previous year's figure. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 1,047%. Over the period under review, imports hit record highs at X kg in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, synthetic gemstones imports fell dramatically to $X in 2021. Over the period under review, imports saw a perceptible contraction. The pace of growth appeared the most rapid in 2013 when imports increased by 290%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Brazil (X kg), China (X kg) and the United States (X kg) were the main suppliers of synthetic gemstones imports to Norway, with a combined 78% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +93.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the United States ($X) and Brazil ($X) were the largest synthetic gemstones suppliers to Norway, with a combined 71% share of total imports.

Among the main suppliers, Brazil, with a CAGR of +45.8%, saw the highest growth rate of the value of imports, 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, dropping by -10.3% against the previous year. Over the period under review, the import price continues to indicate a sharp decline. The most prominent rate of growth was recorded in 2018 an increase of 309% against the previous year. Over the period under review, average import prices reached the maximum at $X per kg in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+13.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for synthetic or reconstructed precious or semi-precious stones in the world?

The countries with the highest volumes of synthetic gemstones consumption in 2021 were the United Arab Emirates, Myanmar and India, together accounting for 79% of global consumption.

What are the largest producers of synthetic or reconstructed precious or semi-precious stones in the world?

The countries with the highest volumes of synthetic gemstones production in 2021 were Russia, Hong Kong SAR and Switzerland, with a combined 71% share of global production. Lao People's Democratic Republic, Germany, Singapore, France and Taiwan Chinese) lagged somewhat behind, together accounting for a further 20%.

What are the leading suppliers of synthetic or reconstructed precious or semi-precious stones to Norway?

In value terms, the UK, Germany and the United States were the largest synthetic gemstones suppliers to Norway, together accounting for 83% of total imports. Taiwan Chinese), China, Brazil and Thailand lagged somewhat behind, together comprising a further 13%.

What is the average export price for synthetic or reconstructed precious or semi-precious stones in Norway?

In 2017, the average synthetic gemstones export price amounted to $1,241 per kg, which is down by -16.3% against the previous year.

What is the average import price for synthetic or reconstructed precious or semi-precious stones in Norway?

The average synthetic gemstones import price stood at $226,574 per ton in 2021, falling by -17.3% against the previous year.

This report provides an in-depth analysis of the synthetic gemstones market in Norway. 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:

Norway

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Norway
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023