South-Eastern Asia: Synthetic Gemstones Market 2024

Synthetic Gemstones Market Size in South-Eastern Asia

In 2022, after two years of growth, there was significant decline in the Southeast Asian synthetic gemstones market, when its value decreased by X% to $X. Over the period under review, consumption showed a slight curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Synthetic Gemstones Production in South-Eastern Asia

In value terms, synthetic gemstones production declined to $X in 2022 estimated in export price. Overall, production, however, posted resilient growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Synthetic Gemstones Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of synthetic or reconstructed precious or semi-precious stones decreased by X% to X tons, falling for the third year in a row after three years of growth. Overall, exports showed a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, synthetic gemstones exports contracted rapidly to $X in 2022. Over the period under review, exports recorded a perceptible decrease. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Lao People's Democratic Republic (X tons) was the key exporter of synthetic or reconstructed precious or semi-precious stones, achieving X% of total exports. It was distantly followed by Thailand (X tons), Singapore (X tons) and Malaysia (X tons), together comprising a X% share of total exports.

Lao People's Democratic Republic was also the fastest-growing in terms of the synthetic or reconstructed precious or semi-precious stones exports, with a CAGR of X% from 2012 to 2022. Thailand experienced a relatively flat trend pattern. Malaysia (X%) and Singapore (X%) illustrated a downward trend over the same period. While the share of Lao People's Democratic Republic (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Lao People's Democratic Republic ($X) emerged as the largest synthetic gemstones supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Lao People's Democratic Republic totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, leveling off at the previous year. Over the period under review, the export price posted a notable increase. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X,452 per ton), while Singapore ($X per ton) was amongst the lowest.

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

Synthetic Gemstones Imports

Imports in South-Eastern Asia

In 2022, the amount of synthetic or reconstructed precious or semi-precious stones imported in South-Eastern Asia dropped dramatically to X tons, which is down by X% compared with the previous year. Over the period under review, imports recorded a significant decline. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, synthetic gemstones imports fell dramatically to $X in 2022. In general, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Indonesia represented the key importing country with an import of about X tons, which accounted for X% of total imports. Thailand (X tons) ranks second in terms of the total imports with an X% share, followed by the Philippines (X%), Myanmar (X%) and Singapore (X%). The following importers - Vietnam (X kg) and Malaysia (X kg) - each finished at a X% share of total imports.

Imports into Indonesia decreased at an average annual rate of X% from 2012 to 2022. At the same time, the Philippines (X%) and Myanmar (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%), Malaysia (X%), Vietnam (X%) and Thailand (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.), the Philippines (X p.p.), Myanmar (X p.p.) and Singapore (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported synthetic or reconstructed precious or semi-precious stones in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by the Philippines ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Thailand amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: the Philippines (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price enjoyed a strong increase. The pace of growth was the most pronounced in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X,189 per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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