Report Update Nov 1, 2024

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

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Saudi Arabia: Synthetic Gemstones Market 2024

Synthetic Gemstones Market Size in Saudi Arabia

The Saudi synthetic gemstones market skyrocketed to $X in 2021, rising by 44% 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). Over the period under review, consumption enjoyed a significant expansion. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Synthetic Gemstones Exports

Exports from Saudi Arabia

Synthetic gemstones exports from Saudi Arabia surged to X kg in 2021, growing by 200% against the year before. Over the period under review, exports, however, continue to indicate a abrupt descent. Over the period under review, the exports attained the maximum at X kg in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, synthetic gemstones exports skyrocketed to $X in 2021. In general, exports, however, faced a deep downturn. The growth pace was the most rapid in 2017 when exports increased by 259%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Switzerland (X kg) was the main destination for synthetic gemstones exports from Saudi Arabia, with a approx. 133% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Switzerland stood at -14.9%.

From 2012 to 2021, the average annual growth rate of value to Switzerland amounted to +40.4%.

Export Prices by Country

The average synthetic gemstones export price stood at $X per ton in 2021, with a decrease of -54.7% against the previous year. Over the period under review, the export price showed a noticeable reduction. The growth pace was the most rapid in 2017 when the average export price increased by 80%. The export price peaked at $X per ton in 2020, and then fell significantly in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Switzerland amounted to +66.5% per year.

Synthetic Gemstones Imports

Imports into Saudi Arabia

In 2021, the amount of synthetic or reconstructed precious or semi-precious stones imported into Saudi Arabia skyrocketed to X kg, with an increase of 52% against 2020 figures. Overall, imports posted a significant expansion. The growth pace was the most rapid in 2019 with an increase of 185% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, synthetic gemstones imports skyrocketed to $X in 2021. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 176% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Thailand (X kg) constituted the largest synthetic gemstones supplier to Saudi Arabia, accounting for a 60% share of total imports. Moreover, synthetic gemstones imports from Thailand exceeded the figures recorded by the second-largest supplier, the UK (X kg), fourfold.

From 2013 to 2021, the average annual rate of growth in terms of volume from Thailand was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-10.7% per year) and China (-88.1% per year).

In value terms, Thailand ($X) constituted the largest supplier of synthetic or reconstructed precious or semi-precious stones to Saudi Arabia, comprising 39% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by the UK, with a 5.1% share.

From 2013 to 2021, the average annual growth rate of value from Thailand was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-21.7% per year) and the UK (-74.2% per year).

Import Prices by Country

The average synthetic gemstones import price stood at $X per ton in 2021, which is down by -24.3% against the previous year. Over the last three-year period, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2020 when the average import price increased by 41%. As a result, import price reached the peak level of $X per ton, and then shrank notably in the following year.

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 China ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2018 to 2021, the most notable rate of growth in terms of prices was attained by China (+24.2%), 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 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 Saudi Arabia?

In value terms, Thailand constituted the largest supplier of synthetic gemstones to Saudi Arabia, comprising 54% of total imports. The second position in the ranking was occupied by the UK, with an 8.1% share of total imports.

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

In 2021, the average synthetic gemstones export price amounted to $199,125 per ton, falling by -38.3% against the previous year.

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

In 2021, the average synthetic gemstones import price amounted to $513,971 per ton, dropping by -16.3% against the previous year.

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

Saudi Arabia

Data coverage:

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