South Africa - Synthetic Or Reconstructed Precious Or Semi-Precious Stones - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSynthetic Gemstones Price in South Africa - 2023
Contents:
- Synthetic Gemstones Price in South Africa (CIF) - 2022
- Synthetic Gemstones Price in South Africa (FOB) - 2022
- Synthetic Gemstones Imports in South Africa
- Synthetic Gemstones Exports in South Africa
Synthetic Gemstones Price in South Africa (CIF) - 2022
In 2022, the average synthetic gemstones import price amounted to $159,897 per ton, which is down by -54.8% against the previous year. In general, the import price, however, continues to indicate a resilient expansion. The growth pace was the most rapid in 2021 when the average import price increased by 539%. As a result, import price reached the peak level of $353,568 per ton, and then declined rapidly in the following year.
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 China ($285,099 per ton), while the price for Botswana totaled $8,096 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (+203.3%).
Synthetic Gemstones Price in South Africa (FOB) - 2022
The average synthetic gemstones export price stood at $488,625 per ton in 2022, falling by -4.2% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, synthetic gemstones export price increased by +94.2% against 2018 indices. The growth pace was the most rapid in 2013 an increase of 45%. Over the period under review, the average export prices reached the maximum at $510,304 per ton in 2021, and then dropped in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Lesotho ($862,010 per ton), while the average price for exports to Botswana amounted to $417,768 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+30.5%), while the prices for the other major destinations experienced mixed trend patterns.
Synthetic Gemstones Imports in South Africa
In 2022, overseas purchases of synthetic or reconstructed precious or semi-precious stones were finally on the rise to reach 902 kg after two years of decline. Overall, imports, however, showed a abrupt contraction.
In value terms, synthetic gemstones imports totaled $144K in 2022. In general, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 103%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Synthetic Gemstones in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Botswana | N/A | N/A | N/A | 7.2 | 0% |
| China | 55.7 | 25.4 | 41.3 | 4.3 | -57.4% |
| Others | 53.9 | 45.5 | 103 | 133 | 35.1% |
| Total | 110 | 70.9 | 144 | 144 | 9.4% |
Top Suppliers of Synthetic Gemstones to South Africa in 2022:
- Botswana (885.0 kg)
- China (15.0 kg)
Synthetic Gemstones Exports in South Africa
In 2022, approx. 32 kg of synthetic or reconstructed precious or semi-precious stones were exported from South Africa; picking up by 39% compared with 2021. In general, exports, however, faced a sharp decrease.
In value terms, synthetic gemstones exports soared to $16K in 2022. Overall, exports, however, faced a sharp decrease. The pace of growth was the most pronounced in 2021 when exports increased by 50% against the previous year.
| Export of Synthetic Gemstones in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Botswana | N/A | 6.9 | N/A | 11.2 | 27.4% |
| Lesotho | N/A | N/A | N/A | 4.4 | 0% |
| China | 1.9 | N/A | N/A | N/A | 0% |
| Namibia | 2.3 | N/A | N/A | N/A | 0% |
| Germany | N/A | N/A | 9.8 | N/A | 0% |
| Democratic Republic of the Congo | N/A | 0.7 | N/A | N/A | 0% |
| Italy | 32.6 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.2 | 1.9 | N/A | 850.0% |
| Total | 36.7 | 7.8 | 11.7 | 15.6 | -24.8% |
Top Export Markets for Synthetic Gemstones from South Africa in 2022:
- Botswana (27.0 kg)
- Lesotho (5.0 kg)
This report provides an in-depth analysis of the synthetic gemstones market in South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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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