Synthetic Gemstones Market

Synthetic gemstones market: find recently published info provided by an Ai-driven market intelligence tool. Facts and figures cover companies, market prices, market size, consumption, exports, production, trade, and imports. Here is a split by country, including China, Africa, the Middle East, EU, Russia, the U.S., the U.K., and Latin America. Market dynamics and forecast to 2030 are also provided in the snapshots.

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Synthetic Gemstones - World's Largest Markets

In value terms, India, Hong Kong SAR and China were the countries with the highest levels of market value in 2020, with a combined 70% share of the global market.

India (+518.1% per year) recorded the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while synthetic gemstones market for the other global leaders experienced more modest paces of growth.

Synthetic Gemstones Prices

Synthetic Gemstones - Top Importers

In value terms, India ($421M) constitutes the largest market for imported synthetic or reconstructed precious or semi-precious stones worldwide, comprising 49% of global imports. The second position in the ranking was occupied by Hong Kong SAR ($148M), with a 17% share of global imports. It was followed by China, with a 8% share.

In India, synthetic gemstones imports expanded at an average annual rate of +485.8% over the period from 2018-2020. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (+17.5% per year) and China (+8.7% per year).

Synthetic Gemstones - Top Exporters

In value terms, Hong Kong SAR ($299M) emerged as the largest synthetic gemstones supplier worldwide, comprising 37% of global exports. The second position in the ranking was occupied by China ($120M), with a 15% share of global exports. It was followed by Belgium, with a 9.7% share.

In Hong Kong SAR, synthetic gemstones exports increased at an average annual rate of +220.2% over the period from 2018-2020. The remaining exporting countries recorded the following average annual rates of exports growth: China (+70.5% per year) and Belgium (+500.0% per year).

Synthetic Gemstones - Market Forecast

Driven by increasing demand for synthetic gemstones worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Synthetic Gemstones - Product Coverage

• HS 710410 - Stones; precious or semi-precious, synthetic or reconstructed, piezo-electric quartz, whether or not worked or graded (but not strung, mounted or set), temporarily strung for transport convenience
• HS 710420 - Stones; precious or semi-precious, synthetic or reconstructed, (not piezo-electric quartz), unworked or simply sawn, roughly shaped, (not strung, mounted or set), temporarily strung for transport convenience

Source: IndexBox Market Intelligence Platform