SADC: Synthetic Gemstones Market 2024

Synthetic Gemstones Market Size in SADC

The SADC synthetic gemstones market surged to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption posted measured growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Synthetic Gemstones Production in SADC

In value terms, synthetic gemstones production rose slightly to $X in 2022 estimated in export price. The total production indicated a remarkable 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 pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Synthetic Gemstones Exports

Exports in SADC

After two years of growth, overseas shipments of synthetic or reconstructed precious or semi-precious stones decreased by X% to X kg in 2022. In general, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, synthetic gemstones exports contracted remarkably to $X in 2022. Overall, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then reduced notably in the following year.

Exports by Country

In 2022, Mauritius (X kg) represented the main exporter of synthetic or reconstructed precious or semi-precious stones, achieving X% of total exports. Madagascar (X kg) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Mozambique (X%) and Namibia (X%). Tanzania (X kg) and South Africa (X kg) held a relatively small share of total exports.

Exports from Mauritius increased at an average annual rate of X% from 2012 to 2022. At the same time, Namibia (X%), Mozambique (X%) and Madagascar (X%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. By contrast, Tanzania (X%) and South Africa (X%) illustrated a downward trend over the same period. Mauritius (X p.p.), Mozambique (X p.p.), Madagascar (X p.p.), Namibia (X p.p.) and Tanzania (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest synthetic gemstones supplying countries in SADC were Mauritius ($X), Mozambique ($X) and Namibia ($X), with a combined X% share of total exports. Madagascar, Tanzania and South Africa lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2022, the export price in SADC amounted to $X per kg, which is down by X% against the previous year. Over the period under review, the export price, however, recorded buoyant growth. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per kg, and then declined rapidly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mozambique ($X per kg), while South Africa ($X per kg) was amongst the lowest.

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

Synthetic Gemstones Imports

Imports in SADC

Synthetic gemstones imports surged to X tons in 2022, rising by X% compared with the year before. In general, imports enjoyed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, synthetic gemstones imports stood at $X in 2022. Overall, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X tons) and Mauritius (X tons) represented the key importer of synthetic or reconstructed precious or semi-precious stones in SADC, achieving X% of total import.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of X%).

In value terms, Mauritius ($X) constitutes the largest market for imported synthetic or reconstructed precious or semi-precious stones in SADC, comprising X% of total imports. The second position in the ranking was held by South Africa ($X), with a X% share of total imports.

In Mauritius, synthetic gemstones imports plunged by an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mauritius ($X per ton), while South Africa stood at $X per ton.

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

Source: IndexBox Platform

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