Asia-Pacific: Synthetic Gemstones Market 2024

Synthetic Gemstones Market Size in Asia-Pacific

The Asia-Pacific synthetic gemstones market shrank significantly to $X in 2022, which is down by X% against the previous year. In general, consumption continues to indicate a deep downturn. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Synthetic Gemstones Production in Asia-Pacific

In value terms, synthetic gemstones production declined slightly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Synthetic Gemstones Exports

Exports in Asia-Pacific

In 2022, overseas shipments of synthetic or reconstructed precious or semi-precious stones decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, exports showed a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, synthetic gemstones exports shrank markedly to $X in 2022. In general, exports showed a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then contracted sharply in the following year.

Exports by Country

In 2022, Japan (X tons) and China (X tons) were the main exporters of synthetic or reconstructed precious or semi-precious stones in Asia-Pacific, together reaching near X% of total exports. Lao People's Democratic Republic (X tons) took the next position in the ranking, followed by Taiwan (Chinese) (X tons) and Thailand (X tons). All these countries together held near X% share of total exports. Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Lao People's Democratic Republic (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest synthetic gemstones supplying countries in Asia-Pacific were China ($X), Japan ($X) and Lao People's Democratic Republic ($X), together accounting for X% of total exports. Hong Kong SAR, Taiwan (Chinese) and Thailand lagged somewhat behind, together accounting for a further X%.

Thailand, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Asia-Pacific stood at $X per kg in 2022, falling by X% against the previous year. In general, the export price, however, posted prominent growth. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price reached the peak level of $X per kg, and then reduced remarkably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per kg), while Taiwan (Chinese) ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Synthetic Gemstones Imports

Imports in Asia-Pacific

In 2022, imports of synthetic or reconstructed precious or semi-precious stones in Asia-Pacific reduced markedly to X tons, waning by X% on the previous year's figure. Over the period under review, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, synthetic gemstones imports fell rapidly to $X in 2022. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then fell dramatically in the following year.

Imports by Country

China dominates imports structure, accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Japan (X tons), generating a X% share of total imports. The following importers - Indonesia (X tons), Sri Lanka (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to synthetic gemstones imports into China stood at X%. At the same time, Sri Lanka (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%), Japan (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Indonesia and Sri Lanka increased by X, X and X percentage points, respectively.

In value terms, Japan ($X), China ($X) and Taiwan (Chinese) ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Japan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price, however, showed a noticeable increase. The pace of growth was the most pronounced in 2021 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then dropped notably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X,230 per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :