Hong Kong SAR, China - Synthetic Or Reconstructed Precious Or Semi-Precious Stones - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSynthetic Gemstones Price in Hong Kong SAR - 2023
Contents:
- Synthetic Gemstones Price in Hong Kong SAR (FOB) - 2022
- Synthetic Gemstones Price in Hong Kong SAR (CIF) - 2022
- Synthetic Gemstones Exports in Hong Kong SAR
- Synthetic Gemstones Imports in Hong Kong SAR
Synthetic Gemstones Price in Hong Kong SAR (FOB) - 2022
In 2022, the average synthetic gemstones export price amounted to $1,298,052 per ton, declining by -86.9% against the previous year. Overall, the export price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 an increase of 99% against the previous year. As a result, the export price attained the peak level of $9,936 per kg, and then declined remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($4,603,733 per ton), while the average price for exports to Japan ($412,573 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 India (+33.1%), while the prices for the other major destinations experienced more modest paces of growth.
Synthetic Gemstones Price in Hong Kong SAR (CIF) - 2022
The average synthetic gemstones import price stood at $1,138,372 per ton in 2022, which is down by -12.7% against the previous year. Overall, the import price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 an increase of 367%. Over the period under review, average import prices attained the maximum at $2,838,405 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,145,516 per ton), while the price for Switzerland ($293,623 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+41.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Synthetic Gemstones Exports in Hong Kong SAR
In 2022, overseas shipments of synthetic or reconstructed precious or semi-precious stones decreased by -96.3% to 3.4 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports faced a dramatic setback. The growth pace was the most rapid in 2020 when exports increased by 64% against the previous year.
In value terms, synthetic gemstones exports reduced remarkably to $4.4M in 2022. Overall, exports recorded a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 106%. As a result, the exports attained the peak of $927M, and then fell markedly in the following year.
| Export of Synthetic Gemstones in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.7 | 1.1 | 1.1 | 2.0 | 41.9% |
| China | 6.3 | 30.2 | 28.2 | 1.8 | -34.1% |
| Malaysia | 17.1 | 7.6 | 13.1 | 0.3 | -74.0% |
| Canada | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| Italy | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Japan | 0.3 | 0.1 | 0.1 | 0.1 | -30.7% |
| Thailand | 4.8 | 2.5 | 2.0 | N/A | -35.5% |
| United States | 7.7 | 6.6 | 14.9 | N/A | 39.1% |
| India | 265 | 367 | 844 | N/A | 78.5% |
| United Arab Emirates | 1.5 | 4.9 | 3.6 | N/A | 54.9% |
| Singapore | 43.3 | 13.4 | 10.0 | N/A | -51.9% |
| Others | 2.5 | 16.2 | 9.4 | N/A | 93.9% |
| Total | 350 | 450 | 927 | 4.4 | -76.7% |
Top Export Markets for Synthetic Gemstones from Hong Kong SAR in 2022:
- China (2588.0 kg)
- Germany (434.0 kg)
- Japan (203.0 kg)
- Italy (73.0 kg)
- Canada (54.0 kg)
- Malaysia (49.0 kg)
- United States (1.0 kg)
Synthetic Gemstones Imports in Hong Kong SAR
In 2022, overseas purchases of synthetic or reconstructed precious or semi-precious stones decreased by -99.7% to 1 tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2020 with an increase of 899%. As a result, imports reached the peak of 1.1K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, synthetic gemstones imports shrank dramatically to $1.2M in 2022. Over the period under review, imports showed a precipitous setback. The most prominent rate of growth was recorded in 2021 when imports increased by 74%. As a result, imports attained the peak of $539M, and then declined dramatically in the following year.
| Import of Synthetic Gemstones in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 76.8 | 177 | 376 | 1.2 | -75.0% |
| South Korea | N/A | 22.3 | 0.1 | N/A | -99.6% |
| Japan | 4.6 | 3.7 | 5.1 | N/A | 5.3% |
| India | 109 | 54.1 | 68.9 | N/A | -20.5% |
| Singapore | 79.0 | 22.1 | 18.9 | N/A | -51.1% |
| Others | 45.5 | 30.7 | 70.6 | N/A | 24.6% |
| Total | 315 | 309 | 539 | 1.2 | -84.4% |
Top Suppliers of Synthetic Gemstones to Hong Kong SAR in 2022:
- China (1012.0 kg)
- Japan (26.0 kg)
This report provides an in-depth analysis of the synthetic gemstones market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20136800 - Synthetic or reconstructed precious or semi-precious stones, u nworked or simply sawn or roughly shaped
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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