Report Update Nov 1, 2024

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

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Pakistan: Synthetic Gemstones Market 2024

Synthetic Gemstones Market Size in Pakistan

In 2021, the Pakistani synthetic gemstones market increased by 1,223% to $X, rising for the third consecutive year after two years of decline. Overall, consumption recorded a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Synthetic Gemstones Production in Pakistan

In value terms, synthetic gemstones production amounted to $X in 2021 estimated in export price. In general, production, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 666% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Synthetic Gemstones Exports

Exports from Pakistan

In 2021, overseas shipments of synthetic or reconstructed precious or semi-precious stones decreased by -64.5% to X kg for the first time since 2017, thus ending a three-year rising trend. In general, exports, however, enjoyed a tangible expansion. The pace of growth was the most pronounced in 2013 when exports increased by 574%. As a result, the exports reached the peak of X kg. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, synthetic gemstones exports soared to $X in 2021. Overall, exports, however, recorded prominent growth. The pace of growth was the most pronounced in 2015 with an increase of 721% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X kg) was the main destination for synthetic gemstones exports from Pakistan, accounting for a 62% share of total exports. Moreover, synthetic gemstones exports to the UK exceeded the volume sent to the second major destination, the United States (X kg), twofold. Italy (X kg) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK totaled +32.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-4.7% per year) and Italy (+27.7% per year).

In value terms, the United States ($X) remains the key foreign market for synthetic or reconstructed precious or semi-precious stones exports from Pakistan, comprising 61% of total exports. The second position in the ranking was held by the UK ($X), with a 5.3% share of total exports. It was followed by Thailand, with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+18.7% per year) and Thailand (-6.3% per year).

Export Prices by Country

The average synthetic gemstones export price stood at $X per ton in 2021, increasing by 991% against the previous year. Over the period under review, the export price continues to indicate a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 States ($X per ton), while the average price for exports to the UK ($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 States (+25.7%), while the prices for the other major destinations experienced mixed trend patterns.

Synthetic Gemstones Imports

Imports into Pakistan

In 2021, overseas purchases of synthetic or reconstructed precious or semi-precious stones increased by 182% to X kg, rising for the sixth consecutive year after three years of decline. In general, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, synthetic gemstones imports surged to $X in 2021. Over the period under review, imports continue to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2020 with an increase of 90%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, China (X kg) was the main supplier of synthetic gemstones to Pakistan, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +39.0%.

In value terms, the largest synthetic gemstones suppliers to Pakistan were Thailand ($X) and China ($X).

Thailand, with a CAGR of +4.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average synthetic gemstones import price stood at $X per ton in 2021, which is down by -46.8% against the previous year. In general, the import price continues to indicate a deep setback. The pace of growth was the most pronounced in 2013 when the average import price increased by 94% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a 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 Thailand ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+93.2%).

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, with a combined 79% share 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, together comprising 71% of global production. These countries were followed by Lao People's Democratic Republic, Germany, Singapore, France and Taiwan Chinese), which together accounted for a further 20%.

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

In value terms, China $269) constituted the largest supplier of synthetic gemstones to Pakistan.

What are the leading importers of synthetic or reconstructed precious or semi-precious stones from Pakistan?

In value terms, the United States remains the key foreign market for synthetic gemstones exports from Pakistan, comprising 62% of total exports. The second position in the ranking was occupied by the UK, with a 5.2% share of total exports. It was followed by Thailand, with a 2% share.

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

The average synthetic gemstones export price stood at $541,398 per ton in 2021, picking up by 194% against the previous year.

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

In 2021, the average synthetic gemstones import price amounted to $18,078 per ton, surging by 68% against the previous year.

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

Pakistan

Data coverage:

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