Price for Stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles of in Hong Kong SAR - 2023
Contents:
- Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Hong Kong SAR (CIF) - 2022
- Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Hong Kong SAR (FOB) - 2022
- Imports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Hong Kong SAR
- Exports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Hong Kong SAR
Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves amounted to $111,612 per ton, falling by -23.7% against the previous year. Overall, the import price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2013 when the average import price increased by 37%. Over the period under review, average import prices attained the peak figure at $294,717 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -4.8% per year.
Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves amounted to $325,329 per ton, growing by 62% against the previous year. In general, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves increased by +90.7% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($1,347,150 per ton), while the average price for exports to the Netherlands ($37,644 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Hong Kong SAR
In 2022, imports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves into Hong Kong SAR skyrocketed to 2.7K tons, rising by 137% on the previous year. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 271% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves soared to $296M in 2022. Over the period under review, imports enjoyed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 152% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.7 | 18.5 | 91.6 | 255 | 131.0% |
| Others | 52.1 | 46.4 | 72.2 | 41.2 | -7.5% |
| Total | 72.7 | 64.9 | 164 | 296 | 59.7% |
Top Suppliers of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of to Hong Kong SAR in 2022:
- China (2.6K tons)
Exports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Hong Kong SAR
Exports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves from Hong Kong SAR dropped rapidly to 672 tons in 2022, waning by -29.8% against the year before. In general, exports continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2021 with an increase of 85% against the previous year. As a result, the exports reached the peak of 957 tons, and then fell remarkably in the following year.
In value terms, exports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves expanded notably to $219M in 2022. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 118% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.5 | 16.8 | 72.1 | 136 | 121.6% |
| United States | 39.4 | 33.0 | 48.4 | 25.1 | -14.0% |
| Germany | 10.0 | 2.9 | 21.0 | 15.8 | 16.5% |
| France | 2.2 | 2.5 | 3.9 | 5.9 | 38.9% |
| Australia | 2.4 | 2.7 | 5.1 | 4.7 | 25.1% |
| United Kingdom | 3.2 | 3.5 | 13.7 | 4.6 | 12.9% |
| Japan | 2.4 | 2.1 | 2.9 | 3.2 | 10.1% |
| Italy | 2.6 | 1.8 | 2.0 | 1.8 | -11.5% |
| Canada | 0.6 | 0.5 | 0.5 | 1.0 | 18.6% |
| Spain | 2.4 | 1.3 | 1.0 | 0.9 | -27.9% |
| Czech Republic | 0.3 | 0.5 | 0.6 | 0.7 | 32.6% |
| New Zealand | 1.3 | 0.6 | 1.0 | 0.6 | -22.7% |
| Netherlands | 26.6 | 9.6 | 0.6 | 0.5 | -73.4% |
| Others | 17.5 | 10.5 | 19.8 | 18.1 | 1.1% |
| Total | 123 | 88.4 | 193 | 219 | 21.2% |
Top Export Markets for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of from Hong Kong SAR in 2022:
- United States (182.9 tons)
- China (100.7 tons)
- Australia (71.9 tons)
- United Kingdom (71.7 tons)
- Germany (59.4 tons)
- France (41.7 tons)
- Netherlands (14.5 tons)
- Italy (14.0 tons)
- Czech Republic (12.9 tons)
- New Zealand (12.5 tons)
- Japan (12.0 tons)
- Canada (11.7 tons)
- Spain (10.8 tons)
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