Report Update Nov 1, 2024

Philippines - Quartz Crystal (Natural) - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Natural Quartz Crystal Market 2024

Natural Quartz Crystal Market Size in the Philippines

In 2022, after five years of growth, there was significant decline in the Philippine natural quartz crystal market, when its value decreased by -51.9% to $X. Over the period under review, consumption, however, continues to indicate prominent growth. Natural quartz crystal consumption peaked at $X in 2021, and then declined dramatically in the following year.

Natural Quartz Crystal Exports

Exports from the Philippines

In 2022, natural quartz crystal exports from the Philippines contracted notably to X tons, waning by -91.7% compared with the previous year. In general, exports saw a noticeable contraction. The most prominent rate of growth was recorded in 2020 with an increase of 23,819% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, natural quartz crystal exports dropped significantly to $X in 2022. Over the period under review, exports recorded a pronounced setback. The pace of growth was the most pronounced in 2020 with an increase of 27,901%. The exports peaked at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

The United States (X tons) was the main destination for natural quartz crystal exports from the Philippines, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +151.7%.

In value terms, the United States ($X) emerged as the key foreign market for quartz crystal (natural) exports from the Philippines.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +89.9%.

Export Prices by Country

The average natural quartz crystal export price stood at $X per ton in 2022, dropping by -78.3% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 195% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then fell remarkably in the following year.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +60.3% per year.

Natural Quartz Crystal Imports

Imports into the Philippines

In 2022, overseas purchases of quartz crystal (natural) decreased by -43.1% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 631%. Over the period under review, imports hit record highs at X tons in 2021, and then fell notably in the following year.

In value terms, natural quartz crystal imports shrank significantly to $X in 2022. Overall, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by 442%. Imports peaked at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

In 2022, India (X tons) was the main natural quartz crystal supplier to the Philippines, with a 90% share of total imports. Moreover, natural quartz crystal imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume from India stood at +31.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.4% per year) and South Korea (-78.7% per year).

In value terms, India ($X) constituted the largest supplier of quartz crystal (natural) to the Philippines, comprising 77% of total imports. The second position in the ranking was held by China ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.3% per year) and South Korea (-67.8% per year).

Import Prices by Country

The average natural quartz crystal import price stood at $X per ton in 2022, declining by -37% against the previous year. In general, the import price recorded a noticeable decrease. The growth pace was the most rapid in 2014 when the average import price increased by 119% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average 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 South Korea ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+50.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for quartz crystal (natural) in the world?

China remains the largest natural quartz crystal consuming country worldwide, accounting for 27% of total volume. Moreover, natural quartz crystal consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. Turkey ranked third in terms of total consumption with a 6.1% share.

What are the largest producers of quartz crystal (natural) in the world?

The country with the largest volume of natural quartz crystal production was China, comprising approx. 27% of total volume. Moreover, natural quartz crystal production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. Turkey ranked third in terms of total production with a 6.2% share.

What are the leading suppliers of quartz crystal (natural) to the Philippines?

In value terms, India constituted the largest supplier of natural quartz crystal to the Philippines.

What is the average export price for quartz crystal (natural) in the Philippines?

The average natural quartz crystal export price stood at $1,080 per ton in 2021, surging by 2.2% against the previous year.

What is the average import price for quartz crystal (natural) in the Philippines?

The average natural quartz crystal import price stood at $30 per ton in 2021, falling by -20% against the previous year.

This report provides an in-depth analysis of the natural quartz crystal market in the Philippines. 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 08111290 - Porphyry, basalt, quartzites and other monumental or building stone, crude, roughly trimmed or merely cut (excluding calcareous monumental or building stone of a gravity . 2,5, g ranite and sandstone)
Prodcom 08992900 - Other minerals

Country coverage:

Philippines

Data coverage:

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