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

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

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Global Synthetic Gemstones Market 2024

Synthetic Gemstones Market Size

The global synthetic gemstones market soared to $X in 2021, jumping by 32% against the previous year. In general, consumption recorded a buoyant expansion. Over the period under review, the global market hit record highs in 2021 and is expected to retain growth in the immediate term.

Synthetic Gemstones Production

In value terms, synthetic gemstones production amounted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a dramatic slump. The most prominent rate of growth was recorded in 2018 with an increase of 15%. Over the period under review, global production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Synthetic Gemstones Exports

Exports

In 2021, global exports of synthetic or reconstructed precious or semi-precious stones skyrocketed to X tons, jumping by 37% compared with the year before. In general, total exports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +88.6% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, synthetic gemstones exports surged to $X in 2021. Overall, exports saw a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Botswana represented the key exporting country with an export of around X tons, which accounted for 38% of total exports. The United Arab Emirates (X tons) ranks second in terms of the total exports with a 15% share, followed by Switzerland (6.8%), the United States (5.9%), China (5.4%), Russia (5.4%), India (5%) and Hong Kong SAR (5%).

Botswana was also the fastest-growing in terms of the synthetic or reconstructed precious or semi-precious stones exports, with a CAGR of +202.6% from 2012 to 2021. At the same time, India (+52.6%), the United Arab Emirates (+13.3%), Hong Kong SAR (+7.7%), Russia (+5.3%) and the United States (+1.6%) displayed positive paces of growth. By contrast, Switzerland (-6.9%) and China (-13.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Botswana, the United Arab Emirates, India, Hong Kong SAR and Russia increased by +38, +9.4, +4.9, +2.2 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) remains the largest synthetic gemstones supplier worldwide, comprising 55% of global exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 10% share of global exports. It was followed by China, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in Hong Kong SAR stood at +44.1%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+29.0% per year) and China (+15.3% per year).

Export Prices by Country

In 2021, the average synthetic gemstones export price amounted to $X per ton, surging by 27% against the previous year. Overall, the export price recorded resilient growth. The most prominent rate of growth was recorded in 2016 an increase of 43% against the previous year. The global export price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while Botswana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+33.8%), while the other global leaders experienced more modest paces of growth.

Synthetic Gemstones Imports

Imports

Global synthetic gemstones imports soared to X tons in 2021, growing by 110% on 2020 figures. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 568%. Over the period under review, global imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, synthetic gemstones imports soared to $X in 2021. Overall, imports saw significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 96% against the previous year. Over the period under review, global imports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

Imports by Country

India represented the largest importer of synthetic or reconstructed precious or semi-precious stones in the world, with the volume of imports recording X tons, which was approx. 69% of total imports in 2021. It was distantly followed by the United Arab Emirates (X tons), constituting a 23% share of total imports. Belgium (X tons) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to synthetic gemstones imports into India stood at +63.9%. At the same time, Belgium (+89.1%) and the United Arab Emirates (+72.2%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in the world, with a CAGR of +89.1% from 2012-2021. From 2012 to 2021, the share of India, the United Arab Emirates and Belgium increased by +59, +21 and +1.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported synthetic or reconstructed precious or semi-precious stones worldwide, comprising 54% of global imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 7.6% share of global imports.

In India, synthetic gemstones imports increased at an average annual rate of +56.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+73.1% per year) and Belgium (+85.5% per year).

Import Prices by Country

In 2021, the average synthetic gemstones import price amounted to $X per ton, with a decrease of -8.6% against the previous year. Over the period under review, the import price saw a deep contraction. The growth pace was the most rapid in 2019 an increase of 62%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the United Arab Emirates ($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 United Arab Emirates (+0.5%), while the other global leaders experienced a decline in the import price figures.

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 comprising a further 20%.
In value terms, Hong Kong SAR remains the largest synthetic gemstones supplier worldwide, comprising 34% of global exports. The second position in the ranking was occupied by China, with a 13% share of global exports. It was followed by the United Arab Emirates, with a 9.9% share.
In value terms, India constitutes the largest market for imported synthetic or reconstructed precious or semi-precious stones worldwide, comprising 48% of global imports. The second position in the ranking was occupied by the United Arab Emirates, with a 12% share of global imports. It was followed by Hong Kong SAR, with a 9.3% share.
In 2021, the average synthetic gemstones export price amounted to $373,797 per ton, increasing by 13% against the previous year.
In 2021, the average synthetic gemstones import price amounted to $118,014 per ton, jumping by 17% against the previous year.

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

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • 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. CONSUMPTION BY COUNTRY
    3. 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. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

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

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    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. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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