Poland: Synthetic Gemstones Market 2024

Synthetic Gemstones Market Size in Poland

In 2021, the Polish synthetic gemstones market decreased by -23.1% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, saw a prominent expansion. Over the period under review, the market reached the peak level at $X in 2020, and then contracted sharply in the following year.

Synthetic Gemstones Production in Poland

In value terms, synthetic gemstones production expanded slightly to $X in 2021 estimated in export price. Overall, production, however, showed a mild downturn. The most prominent rate of growth was recorded in 2019 with an increase of 16% against the previous year. Synthetic gemstones production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Synthetic Gemstones Exports

Exports from Poland

In 2021, after two years of decline, there was significant growth in shipments abroad of synthetic or reconstructed precious or semi-precious stones, when their volume increased by 44% to X kg. Overall, exports, however, saw a significant contraction. The pace of growth was the most pronounced in 2018 with an increase of 156%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, synthetic gemstones exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 132% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Switzerland (X kg) was the main destination for synthetic gemstones exports from Poland, with a 98% share of total exports. It was followed by the Netherlands (X kg), with a 1.7% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Switzerland totaled -2.4%.

In value terms, Switzerland ($X) remains the key foreign market for synthetic or reconstructed precious or semi-precious stones exports from Poland, comprising 100% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 0.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Switzerland stood at -12.5%.

Export Prices by Country

The average synthetic gemstones export price stood at $X per ton in 2021, with a decrease of -13.8% against the previous year. Over the period under review, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2019 an increase of 53% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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 Switzerland ($X per ton), while the average price for exports to the Netherlands totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (-3.0%), while the prices for the other major destinations experienced a decline.

Synthetic Gemstones Imports

Imports into Poland

After two years of growth, purchases abroad of synthetic or reconstructed precious or semi-precious stones decreased by -63.3% to X kg in 2021. Over the period under review, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of 534%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, synthetic gemstones imports declined dramatically to $X in 2021. Overall, imports showed a slight setback. The pace of growth appeared the most rapid in 2020 with an increase of 1,062% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X kg) constituted the largest synthetic gemstones supplier to Poland, accounting for a 72% share of total imports. Moreover, synthetic gemstones imports from China exceeded the figures recorded by the second-largest supplier, India (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+65.3% per year) and Thailand (-8.1% per year).

In value terms, the largest synthetic gemstones suppliers to Poland were China ($X), India ($X) and Thailand ($X), together accounting for 86% of total imports.

In terms of the main suppliers, India, with a CAGR of +190.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average synthetic gemstones import price stood at $X per ton in 2021, with an increase of 45% against the previous year. Over the period under review, the import price enjoyed notable growth. The growth pace was the most rapid in 2020 when the average import price increased by 83% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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