Southern Asia: Precious Stones Market 2020

Precious Stones Market Size in Southern Asia

The revenue of the precious stones market in Southern Asia amounted to $X in 2017, waning by -X% 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). The precious stones consumption continues to indicate a deep decrease. The most prominent rate of growth was recorded in 2010, when market value increased by X% year-to-year. Over the period under review, the precious stones market reached its peak figure level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Precious Stones Exports in Southern Asia

In 2017, approx. X tons of precious and semi-precious stones were exported in Southern Asia; going up by X% against the previous year. The precious stones exports continue to indicate a remarkable growth. The pace of growth appeared the most rapid in 2011, with an increase of X% against the previous year. The volume of exports peaked in 2017, and are likely to see steady growth in the near future.

In value terms, precious stones exports stood at $X in 2017. The precious stones exports continue to indicate a remarkable increase. Over the period under review, the precious stones exports attained its maximum level in 2017, and are expected to retain its growth in the near future.

Precious Stones Exports by Country in Southern Asia

India prevails in precious stones exports structure, finishing at X tons, which was approx. X% of total exports in 2017. Afghanistan (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by Pakistan (X%). Sri Lanka (X tons) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to precious stones exports from India stood at +X%. At the same time, Pakistan (+X%), Afghanistan (+X%) and Sri Lanka (+X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest growing exporter in Southern Asia, with a CAGR of +X% from 2007-2017. Sri Lanka (-X%), Pakistan (-X%), Afghanistan (-X%) and India (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest precious stones supplier in Southern Asia, making up X% of global exports. The second position in the ranking was occupied by Sri Lanka ($X), with a X% share of global exports. It was followed by Afghanistan, with a X% share.

In India, precious stones exports expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Sri Lanka (-X% per year) and Afghanistan (+X% per year).

Precious Stones Export Prices by Country in Southern Asia

The precious stones export price in Southern Asia stood at $X per kg in 2017, declining by -X% against the previous year. The precious stones export price continues to indicate a drastic decline. The pace of growth was the most pronounced in 2012, an increase of X% against the previous year. The level of export price peaked of $X per kg in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Sri Lanka ($X per kg), while Pakistan ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Afghanistan (+X% per year), while the other leaders experienced a decline in the export price figures.

Precious Stones Imports in Southern Asia

In 2017, approx. X tons of precious and semi-precious stones were imported in Southern Asia; increasing by X% against the previous year. The precious stones imports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2011, when imports increased by X% y-o-y. The volume of imports peaked of X tons in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

In value terms, precious stones imports amounted to $X in 2017. The precious stones imports continue to indicate a prominent increase. Over the period under review, the precious stones imports reached its maximum level in 2017, and are expected to retain its growth in the immediate term.

Precious Stones Imports by Country in Southern Asia

India (X tons) represented roughly X% of total imports of precious and semi-precious stones in 2017.

India was also the fastest growing in terms of the precious and semi-precious stones imports, with a CAGR of +X% from 2007 to 2017. While the share of India (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported precious and semi-precious stones in Southern Asia.

In India, precious stones imports increased at an average annual rate of +X% over the period from 2007-2017.

Precious Stones Import Prices by Country in Southern Asia

The precious stones import price in Southern Asia stood at $X per kg in 2017, picking up by X% against the previous year. The import price indicated a moderate increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the precious stones import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2010, an increase of X% against the previous year. In that year, the import prices for precious and semi-precious stones reached their peak level of $X per kg. From 2011 to 2017, growth of the import prices for precious and semi-precious stones failed to regain its momentum.

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

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by India (+X% per year).

Source: IndexBox Platform