Report Update Apr 1, 2024

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

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Hungary: Synthetic Gemstones Market 2024

Synthetic Gemstones Market Size in Hungary

In 2022, after two years of growth, there was significant decline in the Hungarian synthetic gemstones market, when its value decreased by X% to $X. Overall, consumption continues to indicate a dramatic decline. Synthetic gemstones consumption peaked at $X in 2021, and then declined notably in the following year.

Synthetic Gemstones Production in Hungary

In value terms, synthetic gemstones production expanded significantly to $X in 2022 estimated in export price. In general, production recorded a prominent expansion. 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 remained at a somewhat lower figure.

Synthetic Gemstones Exports

Exports from Hungary

For the third year in a row, Hungary recorded growth in overseas shipments of synthetic or reconstructed precious or semi-precious stones, which increased by X% to X kg in 2022. Over the period under review, exports continue to indicate a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, synthetic gemstones exports skyrocketed to $X in 2022. In general, exports, however, showed a sharp shrinkage. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Slovakia (X kg) was the main destination for synthetic gemstones exports from Hungary, accounting for a approx. X% share of total exports.

From 2016 to 2022, the average annual rate of growth in terms of volume to Slovakia totaled X%.

In value terms, Slovakia ($X) emerged as the key foreign market for synthetic or reconstructed precious or semi-precious stones exports from Hungary.

From 2016 to 2022, the average annual growth rate of value to Slovakia stood at X%.

Export Prices by Country

In 2022, the average synthetic gemstones export price amounted to $X per kg, jumping by X% against the previous year. Overall, the export price, however, continues to indicate a dramatic downturn. Over the period under review, the average export prices attained the maximum at $X per kg in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Slovakia.

From 2016 to 2022, the rate of growth in terms of prices for the Netherlands amounted to X% per year.

Synthetic Gemstones Imports

Imports into Hungary

In 2022, after two years of growth, there was significant decline in supplies from abroad of synthetic or reconstructed precious or semi-precious stones, when their volume decreased by X% to X kg. In general, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X kg, and then fell significantly in the following year.

In value terms, synthetic gemstones imports expanded remarkably to $X in 2022. Overall, imports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X kg) and the United States (X kg) were the main suppliers of synthetic gemstones imports to Hungary.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%).

In value terms, Germany ($X) constituted the largest supplier of synthetic or reconstructed precious or semi-precious stones to Hungary, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany stood at X%.

Import Prices by Country

In 2022, the average synthetic gemstones import price amounted to $X per kg, surging by X% against the previous year. Over the period under review, the import price, however, saw a deep downturn. Over the period under review, average import prices attained the maximum at $X per kg in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per kg), while the price for the United States stood at $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced a decline.

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 Hungary?

In value terms, Germany constituted the largest supplier of synthetic or reconstructed precious or semi-precious stones to Hungary, comprising 78% of total imports. The second position in the ranking was taken by the United States $824), with a 10% share of total imports.

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

In value terms, Slovakia emerged as the key foreign market for synthetic or reconstructed precious or semi-precious stones exports from Hungary.

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

In 2022, the average synthetic gemstones export price amounted to $412 per kg, with an increase of 16% against the previous year.

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

The average synthetic gemstones import price stood at $233 per kg in 2022, with an increase of 132% against the previous year.

This report provides an in-depth analysis of the synthetic gemstones market in Hungary. 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:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
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