Report Update Nov 1, 2024

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

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Slovakia: Synthetic Gemstones Market 2024

Synthetic Gemstones Market Size in Slovakia

The Slovak synthetic gemstones market surged to $X in 2021, picking up by 976% against the previous year. Overall, consumption, however, saw a dramatic shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Synthetic Gemstones Production in Slovakia

In value terms, synthetic gemstones production expanded notably to $X in 2021 estimated in export price. Overall, production saw a noticeable curtailment. The growth pace was the most rapid in 2017 when the production volume increased by 45%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Synthetic Gemstones Exports

Exports from Slovakia

In 2021, approx. X tons of synthetic or reconstructed precious or semi-precious stones were exported from Slovakia; with an increase of 25% against 2020. In general, exports posted a prominent increase. The pace of growth appeared the most rapid in 2013 when exports increased by 134%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, synthetic gemstones exports expanded rapidly to $X in 2021. Over the period under review, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 154% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X kg) was the main destination for synthetic gemstones exports from Slovakia, with a 88% share of total exports. Moreover, synthetic gemstones exports to the United States exceeded the volume sent to the second major destination, Germany (X kg), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +17.8%.

In value terms, Germany ($X) remains the key foreign market for synthetic or reconstructed precious or semi-precious stones exports from Slovakia, comprising 75% of total exports. The second position in the ranking was taken by the United States ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled -8.3%.

Export Prices by Country

In 2021, the average synthetic gemstones export price amounted to $X per kg, with a decrease of -14.3% against the previous year. Overall, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2015 when the average export price increased by 74% against the previous year. As a result, the export price attained the peak level of $X per kg. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per kg), while the average price for exports to the United States stood at $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.0%).

Synthetic Gemstones Imports

Imports into Slovakia

In 2021, the amount of synthetic or reconstructed precious or semi-precious stones imported into Slovakia soared to X kg, jumping by 275% on the previous year's figure. In general, imports, however, faced a precipitous contraction. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, synthetic gemstones imports skyrocketed to $X in 2021. Overall, imports, however, showed a deep slump. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Austria (X kg), the Czech Republic (X kg) and China (X kg) were the main suppliers of synthetic gemstones imports to Slovakia, together accounting for 90% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +8,400.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), China ($X) and Austria ($X) appeared to be the largest synthetic gemstones suppliers to Slovakia, together comprising 87% of total imports.

Among the main suppliers, the Czech Republic, with a CAGR of +11,183.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average synthetic gemstones import price stood at $X per ton in 2021, with an increase of 6.4% against the previous year. Overall, the import price continues to indicate measured growth. The pace of growth appeared the most rapid in 2015 an increase of 85% 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+56.9%), 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 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, together accounting for 79% 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, with a combined 71% share of global production. Lao People's Democratic Republic, Germany, Singapore, France and Taiwan Chinese) lagged somewhat behind, together comprising a further 20%.

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

In value terms, the Czech Republic constituted the largest supplier of synthetic gemstones to Slovakia, comprising 80% of total imports. The second position in the ranking was occupied by China, with an 8.4% share of total imports.

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

In value terms, Germany remains the key foreign market for synthetic gemstones exports from Slovakia, comprising 78% of total exports. The second position in the ranking was occupied by the United States, with a 20% share of total exports.

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

In 2021, the average synthetic gemstones export price amounted to $485 per kg, remaining stable against the previous year.

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

The average synthetic gemstones import price stood at $113,960 per ton in 2021, with a decrease of -72.4% against the previous year.

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

Slovakia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Slovakia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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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
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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