Singapore: Natural Quartz Crystal Market 2024

Natural Quartz Crystal Market Size in Singapore

The Singaporean natural quartz crystal market was estimated at $X in 2022, almost unchanged from the previous year. Over the period under review, consumption, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2020 when the market value increased by 4.5%. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Natural Quartz Crystal Production in Singapore

In value terms, natural quartz crystal production reached $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 5.4%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Natural Quartz Crystal Exports

Exports from Singapore

In 2022, overseas shipments of quartz crystal (natural) were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports recorded a resilient increase. The pace of growth appeared the most rapid in 2014 when exports increased by 946% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, natural quartz crystal exports soared to $X in 2022. Over the period under review, exports showed resilient growth. The growth pace was the most rapid in 2014 with an increase of 251% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons), Malaysia (X tons) and Vietnam (X tons) were the main destinations of natural quartz crystal exports from Singapore, with a combined 56% share of total exports. Indonesia, Taiwan (Chinese), Thailand, the United States and Japan lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +55.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the key foreign market for quartz crystal (natural) exports from Singapore, comprising 49% of total exports. The second position in the ranking was held by Thailand ($X), with a 17% share of total exports. It was followed by Taiwan (Chinese), with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Malaysia totaled +28.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+2.5% per year) and Taiwan (Chinese) (+4.9% per year).

Export Prices by Country

In 2022, the average natural quartz crystal export price amounted to $X per ton, reducing by -23.7% against the previous year. Over the period under review, the export price showed a noticeable decline. The pace of growth was the most pronounced in 2013 an increase of 107%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+107.4%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Quartz Crystal Imports

Imports into Singapore

In 2022, approx. X tons of quartz crystal (natural) were imported into Singapore; jumping by 70% compared with 2021 figures. Over the period under review, imports showed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, natural quartz crystal imports skyrocketed to $X in 2022. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 181%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

China (X tons), India (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of natural quartz crystal imports to Singapore, together comprising 91% of total imports. Brazil, Italy, the United States and Malaysia lagged somewhat behind, together accounting for a further 8%.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +128.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of quartz crystal (natural) to Singapore, comprising 58% of total imports. The second position in the ranking was taken by the United States ($X), with a 16% share of total imports. It was followed by India, with an 8% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +42.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+16.7% per year) and India (+41.2% per year).

Import Prices by Country

The average natural quartz crystal import price stood at $X per ton in 2022, jumping by 63% against the previous year. In general, the import price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 172%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+46.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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