MERCOSUR: Synthetic Gemstones Market 2024

Synthetic Gemstones Market Size in MERCOSUR

The MERCOSUR synthetic gemstones market expanded markedly to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, showed a abrupt decrease. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Synthetic Gemstones Production in MERCOSUR

In value terms, synthetic gemstones production fell modestly to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Synthetic Gemstones Exports

Exports in MERCOSUR

In 2022, shipments abroad of synthetic or reconstructed precious or semi-precious stones increased by X% to X tons, rising for the eighth year in a row after two years of decline. Overall, exports saw a resilient expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, synthetic gemstones exports amounted to $X in 2022. Total exports indicated prominent growth 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil represented the key exporter of synthetic or reconstructed precious or semi-precious stones in MERCOSUR, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Colombia (X kg) and Ecuador (X kg), together creating a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to synthetic gemstones exports from Brazil stood at X%. At the same time, Ecuador (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. While the share of Brazil (X p.p.), Colombia (X p.p.) and Ecuador (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest synthetic gemstones supplying countries in MERCOSUR were Colombia ($X), Brazil ($X) and Ecuador ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Ecuador, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the other leaders experienced a decline in the export price figures.

Synthetic Gemstones Imports

Imports in MERCOSUR

In 2022, the amount of synthetic or reconstructed precious or semi-precious stones imported in MERCOSUR dropped dramatically to X tons, shrinking by X% against the year before. Overall, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, synthetic gemstones imports fell notably to $X in 2022. In general, imports continue to indicate a dramatic setback. The growth pace was the most rapid in 2017 with an increase of X%. 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

The countries with the highest levels of synthetic gemstones imports in 2022 were Venezuela (X tons) and Ecuador (X tons), together finishing at X% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Ecuador (with a CAGR of X%).

In value terms, Venezuela ($X) and Ecuador ($X) constituted the countries with the highest levels of imports in 2022.

Among the main importing countries, Ecuador, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, faced a significant curtailment. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Venezuela ($X per ton), while Ecuador stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (X%).

Source: IndexBox Platform

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