Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Malaysia - 2024
Contents:
- Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Malaysia (CIF) - 2022
- Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Malaysia (FOB) - 2022
- Imports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Malaysia
- Exports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Malaysia
Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Malaysia (CIF) - 2022
The average import price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves stood at $1,634,500 per ton in 2022, picking up by 62% against the previous year. In general, the import price enjoyed strong growth. The pace of growth was the most pronounced in 2018 an increase of 145%. The import price peaked in 2022 and is expected to retain growth in the near future.
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 Singapore ($3,949,125 per ton), while the price for Hong Kong SAR ($412,189 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Malaysia (FOB) - 2022
In 2022, the average export price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves amounted to $3,150,615 per ton, waning by -18.5% against the previous year. In general, the export price, however, recorded a significant expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 374% against the previous year. The export price peaked at $3,864,146 per ton in 2021, and then declined significantly in the following year.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +10.9% per year.
Imports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Malaysia
In 2022, approx. 3.7 tons of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves were imported into Malaysia; picking up by 182% compared with the year before. Over the period under review, imports enjoyed a temperate increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves skyrocketed to $6.1M in 2022. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 136 | 117 | 812 | 4,388 | 218.4% |
| China | 60.6 | 45.9 | 95.0 | 791 | 135.5% |
| Japan | 22.0 | 5.0 | 50.8 | 517 | 186.4% |
| South Korea | N/A | N/A | 57.2 | 112 | 95.8% |
| Hong Kong SAR | 251 | 171 | 142 | 80.8 | -31.5% |
| Brazil | 411 | N/A | 2.5 | N/A | -92.2% |
| Others | 146 | 181 | 181 | 228 | 16.0% |
| Total | 1,028 | 519 | 1,341 | 6,118 | 81.2% |
Top Suppliers of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of to Malaysia in 2022:
- United States (2218.0 kg)
- China (939.0 kg)
- Japan (229.0 kg)
- Hong Kong SAR (196.0 kg)
- South Korea (82.0 kg)
Exports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Malaysia
In 2022, the amount of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves exported from Malaysia shrank sharply to 13 kg, declining by -68.3% on the previous year. Overall, exports saw a precipitous descent. The most prominent rate of growth was recorded in 2021 when exports increased by 273%.
In value terms, exports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves fell rapidly to $41K in 2022. In general, exports saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 424%.
| Export of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 93.7 | 8.4 | 3.2 | 41.0 | -24.1% |
| Hong Kong SAR | 88.6 | N/A | 137 | N/A | 24.3% |
| South Korea | 3.8 | N/A | N/A | N/A | 0% |
| Thailand | 1.6 | N/A | 14.3 | N/A | 199.0% |
| United States | 5.9 | N/A | 1.8 | N/A | -44.8% |
| Japan | 4.4 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | N/A | N/A | 2.0 | N/A | 0% |
| Australia | 1.2 | N/A | N/A | N/A | 0% |
| Canada | N/A | 21.8 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 199 | 30.2 | 158 | 41.0 | -40.9% |
Top Export Markets for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of from Malaysia in 2022:
- Singapore (13.0 kg)
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