Global Synthetic Gemstones Market 2024

Synthetic Gemstones Market Size

The global synthetic gemstones market contracted markedly to $X in 2022, with a decrease of X% against the previous year. In general, consumption showed a abrupt downturn. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the global market remained at a somewhat lower figure.

Synthetic Gemstones Production

In value terms, synthetic gemstones production totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, global production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Synthetic Gemstones Exports

Exports

In 2022, shipments abroad of synthetic or reconstructed precious or semi-precious stones decreased by X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the global exports remained at a somewhat lower figure.

In value terms, synthetic gemstones exports contracted dramatically to $X in 2022. In general, exports continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then contracted remarkably in the following year.

Exports by Country

The United Arab Emirates was the key exporter of synthetic or reconstructed precious or semi-precious stones in the world, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Japan (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Israel (X%), China (X%), Russia (X%) and the United States (X%). Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Israel (X%) and Lao People's Democratic Republic (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, the United States (X%), Japan (X%), China (X%) and Russia (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Israel (X p.p.) and Lao People's Democratic Republic (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of China (X p.p.) and Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest synthetic gemstones supplier worldwide, comprising X% of global exports. The second position in the ranking was held by China ($X), with an X% share of global exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and Japan (X% per year).

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, however, showed a buoyant increase. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank remarkably in the following year.

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 China ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Synthetic Gemstones Imports

Imports

In 2022, after four 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. Overall, imports recorded a deep contraction. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, global imports reached the peak figure at X tons in 2021, and then contracted remarkably in the following year.

In value terms, synthetic gemstones imports declined significantly to $X in 2022. In general, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Global imports peaked at $X in 2021, and then shrank markedly in the following year.

Imports by Country

China was the key importing country with an import of around X tons, which finished at X% of total imports. It was distantly followed by Germany (X tons), the United States (X tons) and South Africa (X tons), together constituting a X% share of total imports. Mauritius (X tons), Japan (X tons), Indonesia (X tons) and Sri Lanka (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to synthetic gemstones imports into China stood at X%. At the same time, South Africa (X%), the United States (X%), Germany (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, South Africa emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Mauritius experienced a relatively flat trend pattern. By contrast, Indonesia (X%) and Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), Germany (X p.p.), the United States (X p.p.), South Africa (X p.p.) and Mauritius (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest synthetic gemstones importing markets worldwide were Japan ($X), China ($X) and the United States ($X), with a combined X% share of global imports. Germany, Mauritius, Indonesia, South Africa and Sri Lanka lagged somewhat behind, together accounting for a further X%.

South Africa, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average synthetic gemstones import price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Global import price peaked at $X per ton in 2015; however, from 2016 to 2022, 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 Japan ($X,230 per ton), while South Africa ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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