Hong Kong SAR, China: Synthetic Gemstones Market 2024

Synthetic Gemstones Market Size in Hong Kong SAR, China

The Hong Kong synthetic gemstones market reduced rapidly to $X in 2022, dropping by X% against the previous year. Overall, consumption faced a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Synthetic Gemstones Production in Hong Kong SAR, China

In value terms, synthetic gemstones production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Synthetic Gemstones Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of synthetic or reconstructed precious or semi-precious stones decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports saw a sharp setback. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, synthetic gemstones exports dropped markedly to $X in 2022. In general, exports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then plummeted in the following year.

Exports by Country

China (X tons) was the main destination for synthetic gemstones exports from Hong Kong SAR, with a X% share of total exports. Moreover, synthetic gemstones exports to China exceeded the volume sent to the second major destination, Germany (X kg), sixfold. Japan (X kg) ranked third in terms of total exports with a X% share.

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

In value terms, the largest markets for synthetic gemstones exported from Hong Kong SAR were Germany ($X), China ($X) and Malaysia ($X), with a combined X% share of total exports.

Among the main countries of destination, Germany, 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 mixed trend patterns.

Export Prices by Country

In 2022, the average synthetic gemstones export price amounted to $X per kg, dropping by X% against the previous year. Overall, the export price, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per kg, and then reduced notably in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per kg), while the average price for exports to Japan ($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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Gemstones Imports

Imports into Hong Kong SAR, China

Synthetic gemstones imports into Hong Kong SAR contracted significantly to X kg in 2022, with a decrease of X% on the previous year's figure. In general, imports faced a sharp descent. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, synthetic gemstones imports shrank sharply to $X in 2022. Over the period under review, imports saw a sharp curtailment. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2021, and then declined notably in the following year.

Imports by Country

In 2022, China (X kg) was the main synthetic gemstones supplier to Hong Kong SAR, with a X% share of total imports. Moreover, synthetic gemstones imports from China exceeded the figures recorded by the second-largest supplier, Japan (X kg), more than tenfold.

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

In value terms, China ($X) constituted the largest supplier of synthetic or reconstructed precious or semi-precious stones to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports.

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

Import Prices by Country

The average synthetic gemstones import price stood at $X per kg in 2022, dropping by X% against the previous year. In general, the import price, however, saw significant growth. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per kg, and then reduced remarkably in the following year.

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 China ($X per kg), while the price for Japan totaled $X per kg.

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

Source: IndexBox Platform

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