Czech Republic: Synthetic Gemstones Market 2024

Synthetic Gemstones Market Size in the Czech Republic

In 2022, the Czech synthetic gemstones market decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption recorded a sharp slump. Synthetic gemstones consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Synthetic Gemstones Exports

Exports from the Czech Republic

In 2022, approx. X kg of synthetic or reconstructed precious or semi-precious stones were exported from the Czech Republic; with a decrease of X% against 2021. Overall, exports showed a abrupt downturn. 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 kg in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, synthetic gemstones exports reduced slightly to $X in 2022. In general, exports saw a pronounced shrinkage. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X kg) was the main destination for synthetic gemstones exports from the Czech Republic, accounting for a X% share of total exports. Moreover, synthetic gemstones exports to Germany exceeded the volume sent to the second major destination, Switzerland (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and the UK (X% per year).

In value terms, Germany ($X) remains the key foreign market for synthetic or reconstructed precious or semi-precious stones exports from the Czech Republic, comprising X% of total exports. The second position in the ranking was held by Switzerland ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the average synthetic gemstones export price amounted to $X per kg, growing by X% against the previous year. Over the period under review, the export price posted a remarkable increase. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per kg in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 Switzerland ($X per kg), while the average price for exports to Germany ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Gemstones Imports

Imports into the Czech Republic

In 2022, supplies from abroad of synthetic or reconstructed precious or semi-precious stones decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a sharp downturn. The pace of growth was the most pronounced in 2016 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, synthetic gemstones imports dropped markedly to $X in 2022. Overall, imports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Spain (X kg), Germany (X kg) and Switzerland (X kg) were the main suppliers of synthetic gemstones imports to the Czech Republic, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of synthetic or reconstructed precious or semi-precious stones to the Czech Republic, comprising X% of total imports. The second position in the ranking was held by Switzerland ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and Spain (X.8% per year).

Import Prices by Country

The average synthetic gemstones import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price continues to indicate a modest increase. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X,700 per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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