Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Hungary - 2023

Contents:

1. Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Hungary (CIF) - 2022
2. Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Hungary (FOB) - 2022
3. Imports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Hungary
4. Exports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Hungary

Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Hungary (CIF) - 2022

In 2022, the average import price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves amounted to $215,996 per ton, falling by -19.1% against the previous year. Overall, the import price, however, showed strong growth. The most prominent rate of growth was recorded in 2021 an increase of 269%. As a result, import price attained the peak level of $267,018 per ton, and then dropped markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($2,595,969 per ton), while the price for China ($54,584 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+807.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Hungary (FOB) - 2022

In 2022, the average export price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves amounted to $922,870 per ton, picking up by 98% against the previous year. In general, the export price enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 23,669%. As a result, the export price reached the peak level of $4,665 per kg. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($1,793,466 per ton), while the average price for exports to Serbia ($73,388 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 the Czech Republic (+200.5%), 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 Hungary

In 2022, supplies from abroad of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves increased by 33% to 9.7 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern.

In value terms, imports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves expanded rapidly to $2.1M in 2022. Overall, imports showed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 211%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of to Hungary in 2022:

1. China (5.9 tons)
2. India (1.1 tons)
3. Belgium (1.0 tons)
4. Germany (0.7 tons)
5. Brazil (0.3 tons)
6. Austria (0.3 tons)

Exports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Hungary

In 2022, exports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves from Hungary dropped notably to 624 kg, with a decrease of -44.8% compared with the previous year. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,263%. As a result, the exports attained the peak of 1.1 tons, and then fell notably in the following year.

In value terms, exports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves rose remarkably to $576K in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 768% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of from Hungary in 2022:

1. Serbia (201.0 kg)
2. Czech Republic (99.0 kg)
3. Slovakia (73.0 kg)
4. Romania (58.0 kg)
5. Poland (39.0 kg)
6. Bulgaria (32.0 kg)
7. Croatia (28.0 kg)
8. Slovenia (21.0 kg)

Source: IndexBox Market Intelligence Platform