Asia: Synthetic Gemstones Market 2024

Synthetic Gemstones Market Size in Asia

The Asian synthetic gemstones market fell rapidly to $X in 2022, waning by X% against the previous year. In general, consumption saw a deep slump. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Synthetic Gemstones Production in Asia

In value terms, synthetic gemstones production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a modest increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2019; afterwards, it flattened through to 2022.

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

In 2022, after four years of growth, there was significant decline in shipments abroad of synthetic or reconstructed precious or semi-precious stones, when their volume decreased by X% to X tons. Over the period under review, exports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted remarkably in the following year.

In value terms, synthetic gemstones exports dropped sharply to $X in 2022. In general, exports, however, showed a moderate increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then reduced sharply in the following year.

Exports by Country

The United Arab Emirates was the largest exporter of synthetic or reconstructed precious or semi-precious stones in Asia, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Japan (X tons), Israel (X tons) and China (X tons), together achieving a X% share of total exports. Lao People's Democratic Republic (X tons), Taiwan (Chinese) (X tons) and Thailand (X tons) held a little share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Israel (X%) and Lao People's Democratic Republic (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Thailand experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (X%), Japan (X%) and China (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Israel (X p.p.) and Lao People's Democratic Republic (X p.p.) significantly strengthened its position in terms of the total exports, while Japan and China saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest synthetic gemstones supplier in Asia, comprising X% of total exports. The second position in the ranking was held by China ($X), with an X% share of total exports. It was followed by Japan, with an X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price, however, posted a prominent increase. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of export peaked at $X,362 per ton in 2021, and then declined significantly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) 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

In 2022, supplies from abroad of synthetic or reconstructed precious or semi-precious stones decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, imports faced a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then fell markedly in the following year.

In value terms, synthetic gemstones imports contracted sharply to $X in 2022. Overall, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

China prevails in imports structure, finishing at X tons, which was near X% of total imports in 2022. It was distantly followed by Japan (X tons), making up a X% share of total imports. Indonesia (X tons), Sri Lanka (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

Imports into China decreased at an average annual rate of X% from 2012 to 2022. At the same time, Sri Lanka (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Asia, 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. While the share of China (X p.p.), Indonesia (X p.p.) and Sri Lanka (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (X p.p.) and Taiwan (Chinese) (X p.p.) displayed negative dynamics.

In value terms, the largest synthetic gemstones importing markets in Asia were Japan ($X), China ($X) and Taiwan (Chinese) ($X), together comprising X% of total imports.

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

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, which is down by X% against the previous year. Import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, synthetic gemstones import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2021, and then fell remarkably 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) :