Denmark: Synthetic Gemstones Market 2024

Synthetic Gemstones Market Size in Denmark

In 2022, the Danish synthetic gemstones market increased by X% to $X, rising for the third year in a row after two years of decline. In general, consumption continues to indicate significant growth. Synthetic gemstones consumption peaked in 2022 and is likely to see steady growth in the near future.

Synthetic Gemstones Exports

Exports from Denmark

After two years of growth, overseas shipments of synthetic or reconstructed precious or semi-precious stones decreased by X% to X kg in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X kg, and then fell remarkably in the following year.

In value terms, synthetic gemstones exports dropped sharply to $X in 2022. Overall, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then shrank remarkably in the following year.

Exports by Country

The United States (X kg) was the main destination for synthetic gemstones exports from Denmark, with a X% share of total exports. Moreover, synthetic gemstones exports to the United States exceeded the volume sent to the second major destination, Iceland (X kg), more than tenfold. The Philippines (X kg) ranked third in terms of total exports with a X% share.

From 2017 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (X% per year) and the Philippines (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for synthetic or reconstructed precious or semi-precious stones exports from Denmark, comprising X% of total exports. The second position in the ranking was taken by Iceland ($X), with an X% share of total exports. It was followed by Thailand, with a X% share.

From 2017 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the average synthetic gemstones export price amounted to $X per kg, waning by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per kg in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iceland ($X per kg), while the average price for exports to the Philippines ($X per kg) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (X%), while the prices for the other major destinations experienced a decline.

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 Imports

Imports into Denmark

In 2022, purchases abroad of synthetic or reconstructed precious or semi-precious stones increased by X% to X kg, rising for the third consecutive year after two years of decline. In general, imports saw resilient growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, synthetic gemstones imports soared to $X in 2022. Overall, imports saw significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, India (X kg) constituted the largest supplier of synthetic gemstones to Denmark, accounting for a X% share of total imports. Moreover, synthetic gemstones imports from India exceeded the figures recorded by the second-largest supplier, the United States (X kg), fivefold. China (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (X% per year).

In value terms, the largest synthetic gemstones suppliers to Denmark were Switzerland ($X), India ($X) and the United States ($X), together comprising X% of total imports.

In terms of the main suppliers, India, with a CAGR of X%, recorded the highest growth rate of 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 average synthetic gemstones import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price continues to indicate a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Switzerland ($X,588 per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :