Report Update Apr 1, 2024

Estonia - Synthetic or Reconstructed Precious or Semi-Precious Stones - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Estonia: Synthetic Gemstones Market 2024

Synthetic Gemstones Market Size in Estonia

The Estonian synthetic gemstones market rose sharply to $X in 2022, surging by X% against the previous year. Over the period under review, the total consumption indicated a notable expansion from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Synthetic Gemstones Production in Estonia

In value terms, synthetic gemstones production rose sharply to $X in 2022 estimated in export price. Over the period under review, production showed a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Synthetic Gemstones Exports

Exports from Estonia

After five years of growth, shipments abroad of synthetic or reconstructed precious or semi-precious stones decreased by X% to X kg in 2019. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the exports attained the peak of X kg, and then shrank significantly in the following year.

In value terms, synthetic gemstones exports contracted significantly to $X in 2019. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then contracted sharply in the following year.

Exports by Country

The United States (X kg) was the main destination for synthetic gemstones exports from Estonia, with a X% share of total exports. It was followed by the Netherlands (X kg), with a X% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to the United States totaled X%.

In value terms, the United States ($X) emerged as the key foreign market for synthetic or reconstructed precious or semi-precious stones exports from Estonia, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with less than X% share of total exports.

From 2012 to 2019, the average annual growth rate of value to the United States amounted to X%.

Export Prices by Country

The average synthetic gemstones export price stood at $X per ton in 2019, waning by X% against the previous year. In general, the export price, however, showed a remarkable increase. Over the period under review, the average export prices reached the peak figure at $X,386 per ton in 2016; however, from 2017 to 2019, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2019, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands totaled $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Synthetic Gemstones Imports

Imports into Estonia

In 2022, supplies from abroad of synthetic or reconstructed precious or semi-precious stones decreased by X% to X kg, falling for the third year in a row after two years of growth. Overall, imports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at X kg in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, synthetic gemstones imports reduced markedly to $X in 2022. Over the period under review, imports, however, recorded notable growth. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the UK (X kg) was the main synthetic gemstones supplier to Estonia, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK stood at X%.

In value terms, the UK ($X) constituted the largest supplier of synthetic or reconstructed precious or semi-precious stones to Estonia.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK amounted to X%.

Import Prices by Country

The average synthetic gemstones import price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for synthetic or reconstructed precious or semi-precious stones in the world?

Russia constituted the country with the largest volume of synthetic gemstones consumption, accounting for 32% of total volume. Moreover, synthetic gemstones consumption in Russia exceeded the figures recorded by the second-largest consumer, China, threefold. Switzerland ranked third in terms of total consumption with a 9.8% share.

What are the largest producers of synthetic or reconstructed precious or semi-precious stones in the world?

Russia constituted the country with the largest volume of synthetic gemstones production, accounting for 35% of total volume. Moreover, synthetic gemstones production in Russia exceeded the figures recorded by the second-largest producer, the United Arab Emirates, threefold. Switzerland ranked third in terms of total production with a 10% share.

What are the leading suppliers of synthetic or reconstructed precious or semi-precious stones to Estonia?

In value terms, the UK $253) constituted the largest supplier of synthetic or reconstructed precious or semi-precious stones to Estonia.

What are the leading importers of synthetic or reconstructed precious or semi-precious stones from Estonia?

In value terms, the United States emerged as the key foreign market for synthetic or reconstructed precious or semi-precious stones exports from Estonia, comprising 99.9% of total exports. The second position in the ranking was held by the Netherlands $10), with less than 0.1% share of total exports.

What is the average export price for synthetic or reconstructed precious or semi-precious stones in Estonia?

The average synthetic gemstones export price stood at $358,248 per ton in 2019, dropping by -2% against the previous year.

What is the average import price for synthetic or reconstructed precious or semi-precious stones in Estonia?

In 2022, the average synthetic gemstones import price amounted to $50,600 per ton, declining by -88.3% against the previous year.

This report provides an in-depth analysis of the synthetic gemstones market in Estonia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20136800 - Synthetic or reconstructed precious or semi-precious stones, u nworked or simply sawn or roughly shaped

Country coverage:

Estonia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Estonia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023