Switzerland: Synthetic Gemstones Market 2024

Synthetic Gemstones Market Size in Switzerland

The Swiss synthetic gemstones market declined significantly to $X in 2021, with a decrease of -26.3% against the previous year. Over the period under review, consumption, however, enjoyed a remarkable increase. Over the period under review, the market reached the peak level at $X in 2020, and then shrank significantly in the following year.

Synthetic Gemstones Production in Switzerland

In value terms, synthetic gemstones production fell modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 41% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Synthetic Gemstones Exports

Exports from Switzerland

Synthetic gemstones exports from Switzerland skyrocketed to X tons in 2021, surging by 76% against the previous year. Overall, exports, however, recorded a deep contraction. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, synthetic gemstones exports surged to $X in 2021. Over the period under review, exports, however, recorded a perceptible slump. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tons) was the main destination for synthetic gemstones exports from Switzerland, with a 61% share of total exports. Moreover, synthetic gemstones exports to Thailand exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), twofold. The third position in this ranking was taken by India (X tons), with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand totaled +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-6.0% per year) and India (+3.9% per year).

In value terms, Thailand ($X) remains the key foreign market for synthetic or reconstructed precious or semi-precious stones exports from Switzerland, comprising 63% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 26% share of total exports. It was followed by Germany, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Thailand totaled +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-1.6% per year) and Germany (-7.5% per year).

Export Prices by Country

In 2021, the average synthetic gemstones export price amounted to $X per ton, with an increase of 17% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, synthetic gemstones export price increased by +35.4% against 2019 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 65% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 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 the United States ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+46.1%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Gemstones Imports

Imports into Switzerland

Synthetic gemstones imports into Switzerland surged to X tons in 2021, growing by 41% on 2020. In general, imports, however, showed a abrupt decrease. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, synthetic gemstones imports rose notably to $X in 2021. Overall, imports, however, showed a deep contraction. The growth pace was the most rapid in 2016 when imports increased by 18%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest synthetic gemstones supplier to Switzerland, with a 58% share of total imports. Moreover, synthetic gemstones imports from France exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France stood at -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+2.3% per year) and China (+14.3% per year).

In value terms, France ($X) constituted the largest supplier of synthetic or reconstructed precious or semi-precious stones to Switzerland, comprising 36% of total imports. The second position in the ranking was held by Japan ($X), with a 17% share of total imports. It was followed by Russia, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France stood at -6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-7.2% per year) and Russia (-7.6% per year).

Import Prices by Country

In 2021, the average synthetic gemstones import price amounted to $X per ton, dropping by -23.1% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 37%. As a result, import price attained the peak level of $X per ton, and then declined remarkably 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 Japan ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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