Italy: Synthetic Gemstones Market 2024

Synthetic Gemstones Market Size in Italy

After three years of growth, the Italian synthetic gemstones market decreased by X% to $X in 2022. Over the period under review, consumption saw a abrupt decrease. Over the period under review, the market hit record highs at $X in 2021, and then declined sharply in the following year.

Synthetic Gemstones Production in Italy

In value terms, synthetic gemstones production contracted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a measured 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 increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

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Synthetic Gemstones Exports

Exports from Italy

In 2022, shipments abroad of synthetic or reconstructed precious or semi-precious stones increased by X% to X tons, rising for the second consecutive year after six years of decline. In general, exports enjoyed a notable expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, synthetic gemstones exports dropped sharply to $X in 2022. Overall, exports, however, recorded a sharp curtailment. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for synthetic gemstones exports from Italy, with a X% share of total exports. It was followed by Switzerland (X kg), with less than X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and France (X% per year).

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

Among 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

In 2022, the average synthetic gemstones export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price continues to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2015 an increase of X%. The export price peaked at $X,962 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X,333 per ton), while the average price for exports to Canada ($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 Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Gemstones Imports

Imports into Italy

In 2022, after six 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 tons. In general, imports, however, enjoyed modest growth. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then fell rapidly in the following year.

In value terms, synthetic gemstones imports fell dramatically to $X in 2022. Overall, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then dropped sharply in the following year.

Imports by Country

In 2022, China (X tons) was the main supplier of synthetic gemstones to Italy, with a X% share of total imports. It was followed by India (X kg), with a X% share of total imports. The third position in this ranking was taken by Thailand (X kg), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of synthetic or reconstructed precious or semi-precious stones to Italy, comprising X% of total imports. The second position in the ranking was held by Peru ($X), with an X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the average synthetic gemstones import price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt descent. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 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 Peru ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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