Eastern Asia: Precious Stones Market 2020

Precious Stones Market Size in Eastern Asia

The revenue of the precious stones market in Eastern Asia amounted to $X in 2017, going down by -X% against the previous year. The precious stones consumption continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2010, when it surged by X% year-to-year. In that year, the precious stones market attained their peak level of $X. From 2011 to 2017, growth of the precious stones market failed to regain its momentum.

Precious Stones Production in Eastern Asia

China, Hong Kong SAR (X tons) constituted the country with the largest volume of precious stones production, comprising approx. X% of total production.

Precious Stones Exports in Eastern Asia

In 2017, approx. X tons of precious and semi-precious stones were exported in Eastern Asia; coming up by X% against the previous year. The precious stones exports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2017, with an increase of X% y-o-y. In that year, the precious stones exports attained their peak volume, and are likely to continue its growth in the immediate term.

In value terms, precious stones exports totaled $X in 2017. The precious stones exports continue to indicate a remarkable expansion. Over the period under review, the precious stones exports attained its maximum level in 2017, and are likely to continue its growth in the near future.

Precious Stones Exports by Country in Eastern Asia

China, Hong Kong SAR was the major exporting country with an export of about X tons, which reached X% of total exports. South Korea (X tons) held a X% share (based on tons) of total exports, which put it in second place, followed by Japan (X%).

Exports from China, Hong Kong SAR increased at an average annual rate of +X% from 2007 to 2017. At the same time, South Korea (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest growing exporter in Eastern Asia, with a CAGR of +X% from 2007-2017. While the share of Japan (-X%), South Korea (-X%) and China, Hong Kong SAR (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China, Hong Kong SAR ($X) remains the largest precious stones supplier in Eastern Asia, making up X% of global exports. The second position in the ranking was occupied by Japan ($X), with a X% share of global exports. It was followed by South Korea, with a X% share.

In China, Hong Kong SAR, precious stones exports expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Japan (+X% per year) and South Korea (+X% per year).

Precious Stones Export Prices by Country in Eastern Asia

The precious stones export price in Eastern Asia stood at $X per kg in 2017, lowering by -X% against the previous year. The precious stones export price continues to indicate a drastic reduction. The pace of growth appeared the most rapid in 2009, when it surged by X% year-to-year. The level of export price peaked of $X per kg in 2016, and then declined slightly in the following year.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was China, Hong Kong SAR ($X per kg), while South Korea ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by China, Hong Kong SAR (-X% per year), while the other leaders experienced a decline in the export price figures.

Precious Stones Imports in Eastern Asia

In 2017, the amount of precious and semi-precious stones imported in Eastern Asia totaled X tons, surging by X% against the previous year. The precious stones imports continue to indicate an outstanding expansion. The most prominent rate of growth was recorded in 2017, with an increase of X% y-o-y. In that year, the precious stones imports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, precious stones imports totaled $X in 2017. The total imports indicated a mild expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the precious stones imports decreased by -X% against 2014 indices. In that year, the precious stones imports attained their peak level of $X. From 2012 to 2017, growth of the precious stones imports failed to regain its momentum.

Precious Stones Imports by Country in Eastern Asia

China, Hong Kong SAR represented the key importer of precious and semi-precious stones in Eastern Asia, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2017. It was distantly followed by China (X tons), committing X% share of total imports. Taiwan, Chinese (X tons) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to precious stones imports into China, Hong Kong SAR stood at +X%. At the same time, Taiwan, Chinese (+X%) and China (+X%) displayed positive paces of growth. Moreover, Taiwan, Chinese emerged as the fastest growing importer in Eastern Asia, with a CAGR of +X% from 2007-2017. While the share of Taiwan, Chinese (-X%), China (-X%) and China, Hong Kong SAR (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China, Hong Kong SAR ($X) constitutes the largest market for imported precious and semi-precious stones in Eastern Asia, making up X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by Taiwan, Chinese, with a X% share.

In China, Hong Kong SAR, precious stones imports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: China (-X% per year) and Taiwan, Chinese (+X% per year).

Precious Stones Import Prices by Country in Eastern Asia

In 2017, the precious stones import price in Eastern Asia amounted to $X per kg, reducing by -X% against the previous year. The precious stones import price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2011, when it surged by X% against the previous year. In that year, the import prices for precious and semi-precious stones reached their peak level of $X per kg. From 2012 to 2017, growth of the import prices for precious and semi-precious stones failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was China ($X per kg), while Taiwan, Chinese ($X per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China (-X% per year), while the other leaders experienced a decline in the import price figures.

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Source: IndexBox Platform