Pakistan - Synthetic Or Reconstructed Precious Or Semi-Precious Stones - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSynthetic Gemstones Price in Pakistan - 2022
Contents:
- Synthetic Gemstones Price in Pakistan (FOB) - 2022
- Synthetic Gemstones Price in Pakistan (CIF) - 2022
- Synthetic Gemstones Exports in Pakistan
- Synthetic Gemstones Imports in Pakistan
Synthetic Gemstones Price in Pakistan (FOB) - 2022
The average synthetic gemstones export price stood at $664,153 per ton in 2022, increasing by 91% against the previous year. Over the period under review, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 991% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,433,463 per ton), while the average price for exports to the UK ($86,967 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 United States (+36.6%), while the prices for the other major destinations experienced more modest paces of growth.
Synthetic Gemstones Price in Pakistan (CIF) - 2022
The average synthetic gemstones import price stood at $29,197 per ton in 2022, shrinking by -14.9% against the previous year. Over the period under review, the import price saw a abrupt contraction. The pace of growth was the most pronounced in 2013 an increase of 94%. Over the period under review, average import prices reached the peak figure at $946,000 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
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 Thailand ($10,914,701 per ton), while the price for China amounted to $8,933 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+93.0%).
Synthetic Gemstones Exports in Pakistan
In 2022, shipments abroad of synthetic or reconstructed precious or semi-precious stones decreased by -40.7% to 124 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a precipitous contraction. The growth pace was the most rapid in 2020 when exports increased by 7.1% against the previous year. As a result, the exports attained the peak of 589 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, synthetic gemstones exports expanded rapidly to $82K in 2022. Overall, exports, however, recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 287% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Synthetic Gemstones in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 29.9 | 8.2 | 44.2 | 68.6 | 31.9% |
| United Kingdom | 6.4 | 5.0 | 3.9 | 7.2 | 4.0% |
| Thailand | 2.4 | 2.3 | 1.5 | 2.3 | -1.4% |
| Italy | 2.4 | 1.4 | 0.9 | 1.3 | -18.5% |
| Others | 2.7 | 1.8 | 22.2 | 3.0 | 3.6% |
| Total | 43.7 | 18.8 | 72.6 | 82.4 | 23.5% |
Top Export Markets for Synthetic Gemstones from Pakistan in 2022:
- United Kingdom (83.0 kg)
- United States (28.0 kg)
- Italy (10.0 kg)
- Thailand (3.0 kg)
Synthetic Gemstones Imports in Pakistan
For the fourth year in a row, Pakistan recorded growth in overseas purchases of synthetic or reconstructed precious or semi-precious stones, which increased by 18% to 183 kg in 2022. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 182% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, synthetic gemstones imports reached $5.3K in 2022. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 90% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Synthetic Gemstones in Pakistan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,015 | 58.0 | 245 | 1,633 | 17.2% |
| Others | 852 | 3,492 | 5,074 | 3,710 | 63.3% |
| Total | 1,867 | 3,550 | 5,319 | 5,343 | 42.0% |
Top Suppliers of Synthetic Gemstones to Pakistan in 2022:
- China (183.0 kg)
This report provides an in-depth analysis of the synthetic gemstones market in Pakistan. 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:
- Pakistan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Pakistan
- 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
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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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