Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Kuwait - 2022
Contents:
- Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Kuwait (CIF) - 2022
- Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Kuwait (FOB) - 2022
- Imports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Kuwait
- Exports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Kuwait
Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Kuwait (CIF) - 2022
In 2022, the average import price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves amounted to $699,172 per ton, jumping by 127% against the previous year. Over the period under review, the import price posted significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($1,765,353 per ton), while the price for the UK ($20,561 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+73.8%), 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 Kuwait (FOB) - 2022
The average export price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves stood at $140,006 per ton in 2022, declining by -42.2% against the previous year. In general, the export price faced a sharp decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 352% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,575,000 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Germany.
From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +68.6% per year.
Imports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Kuwait
In 2022, after three years of growth, there was significant decline in overseas purchases of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves, when their volume decreased by -69% to 5.6 tons. Overall, imports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 166% against the previous year.
In value terms, imports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves plummeted to $3.9M in 2022. In general, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 238%.
| Import of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 512 | 250 | 727 | 1,241 | 34.3% |
| Thailand | N/A | 4.0 | 880 | 1,190 | 1624.8% |
| Vietnam | 9.0 | 12.3 | 209 | 550 | 293.9% |
| France | 180 | 1,079 | 683 | 540 | 44.2% |
| Switzerland | 16.6 | 5.3 | 30.3 | 94.2 | 78.4% |
| Lithuania | 9.9 | 1,058 | 2,489 | 48.8 | 70.2% |
| India | 16.1 | 6.7 | 13.8 | 36.8 | 31.7% |
| Latvia | N/A | 195 | 39.5 | 16.3 | -71.1% |
| United Kingdom | N/A | 0.6 | 1.1 | 4.7 | 179.9% |
| Others | 136 | 364 | 518 | 214 | 16.3% |
| Total | 879 | 2,974 | 5,590 | 3,936 | 64.8% |
Top Suppliers of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of to Kuwait in 2022:
- China (2150.0 kg)
- Thailand (925.0 kg)
- Vietnam (852.0 kg)
- Switzerland (431.0 kg)
- France (306.0 kg)
- Lithuania (245.0 kg)
- United Kingdom (228.0 kg)
- India (127.0 kg)
- Latvia (23.0 kg)
Exports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Kuwait
For the fourth consecutive year, Kuwait recorded growth in shipments abroad of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves, which increased by 67% to 488 kg in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 95%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves contracted slightly to $68K in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 68%. As a result, the exports attained the peak of $71K, and then declined in the following year.
| Export of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | N/A | 68.3 | 0% |
| China | N/A | N/A | 0.8 | N/A | 0% |
| Qatar | N/A | 33.4 | 30.8 | N/A | -7.8% |
| Italy | N/A | 8.7 | 13.0 | N/A | 49.4% |
| Saudi Arabia | 28.9 | N/A | 7.8 | N/A | -48.0% |
| Others | N/A | 0.3 | 18.6 | N/A | 6100.0% |
| Total | 28.9 | 42.3 | 71.0 | 68.3 | 33.2% |
Top Export Markets for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of from Kuwait in 2022:
- Germany (488.0 kg)
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