France: Synthetic Gemstones Market 2024

Synthetic Gemstones Market Size in France

The French synthetic gemstones market surged to $X in 2022, increasing by X% against the previous year. Overall, consumption posted a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Synthetic Gemstones Production in France

In value terms, synthetic gemstones production amounted to $X in 2022 estimated in export price. Overall, the total production indicated a prominent increase 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Synthetic Gemstones Exports

Exports from France

In 2022, the amount of synthetic or reconstructed precious or semi-precious stones exported from France shrank sharply to X kg, dropping by X% compared with the previous year. Over the period under review, exports faced a sharp reduction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, synthetic gemstones exports dropped dramatically to $X in 2022. In general, exports recorded a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then shrank remarkably in the following year.

Exports by Country

Italy (X kg), Switzerland (X kg) and Spain (X kg) were the main destinations of synthetic gemstones exports from France, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the largest markets for synthetic gemstones exported from France were Italy ($X), Switzerland ($X) and Canada ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Canada, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average synthetic gemstones export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price enjoyed strong growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

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

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

Synthetic Gemstones Imports

Imports into France

For the third consecutive year, France recorded decline in supplies from abroad of synthetic or reconstructed precious or semi-precious stones, which decreased by X% to X tons in 2022. Over the period under review, imports showed a precipitous decline. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, synthetic gemstones imports shrank rapidly to $X in 2022. Overall, imports faced a dramatic descent. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

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

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Japan (X% per year).

In value terms, the largest synthetic gemstones suppliers to France were the United States ($X), China ($X) and Italy ($X), together accounting for X% of total imports. Germany, Japan, the UK and Switzerland lagged somewhat behind, together accounting for a further X%.

Germany, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average synthetic gemstones import price amounted to $X per ton, dropping by X% against the previous year. In general, the import price, however, continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2017 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 the United States ($X,905 per ton), while the price for China ($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 United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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