Report United Kingdom - Synthetic or Reconstructed Precious or Semi-Precious Stones - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

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

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United Kingdom: Synthetic Gemstones Market 2024

Synthetic Gemstones Market Size in the UK

The UK synthetic gemstones market dropped significantly to $X in 2021, falling by -26.9% against the previous year. In general, consumption continues to indicate a perceptible shrinkage. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Synthetic Gemstones Production in the UK

In value terms, synthetic gemstones production dropped modestly to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 43%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Synthetic Gemstones Exports

Exports from the UK

Synthetic gemstones exports from the UK soared to X tons in 2021, with an increase of 709% compared with the year before. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 803% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, synthetic gemstones exports skyrocketed to $X in 2021. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 3,884% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

India (X tons), the Netherlands (X tons) and Germany (X kg) were the main destinations of synthetic gemstones exports from the UK, with a combined 83% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +150.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), India ($X) and Germany ($X) constituted the largest markets for synthetic gemstones exported from the UK worldwide, with a combined 59% share of total exports.

The Netherlands, with a CAGR of +168.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average synthetic gemstones export price amounted to $X per kg, waning by -2% against the previous year. In general, the export price, however, showed a modest expansion. The most prominent rate of growth was recorded in 2017 an increase of 341% against the previous year. As a result, the export price attained the peak level of $X per kg. From 2018 to 2021, the average export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Gemstones Imports

Imports into the UK

After three years of growth, supplies from abroad of synthetic or reconstructed precious or semi-precious stones decreased by -35% to X tons in 2021. Over the period under review, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2015 when imports increased by 177%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, synthetic gemstones imports rose markedly to $X in 2021. In general, imports, however, enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 217% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

India (X tons), the United States (X kg) and China (X kg) were the main suppliers of synthetic gemstones imports to the UK, with a combined 85% share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +132.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of synthetic or reconstructed precious or semi-precious stones to the UK, comprising 65% of total imports. The second position in the ranking was held by the United States ($X), with a 17% share of total imports. It was followed by China, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value from India amounted to +193.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+21.8% per year) and China (+0.9% per year).

Import Prices by Country

In 2021, the average synthetic gemstones import price amounted to $X per kg, increasing by 66% against the previous year. Over the period under review, the import price saw a prominent increase. The growth pace was the most rapid in 2016 when the average import price increased by 186%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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 India ($X per kg), while the price for France ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+26.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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.
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. Lao People's Democratic Republic, Germany, Singapore, France and Taiwan Chinese) lagged somewhat behind, together accounting for a further 20%.
In value terms, India constituted the largest supplier of synthetic gemstones to the UK, comprising 65% of total imports. The second position in the ranking was occupied by the United States, with a 17% share of total imports. It was followed by China, with an 8.2% share.
In value terms, the largest markets for synthetic gemstones exported from the UK were the Netherlands, India and Germany, together accounting for 59% of total exports. Cyprus lagged somewhat behind, comprising a further 0.3%.
The average synthetic gemstones export price stood at $722,303 per ton in 2021, approximately mirroring the previous year.
The average synthetic gemstones import price stood at $2,621 per kg in 2021, picking up by 151% against the previous year.

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

  • United Kingdom

Data coverage:

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

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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

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