Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Kenya - 2022
Contents:
- Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Kenya (FOB) - 2022
- Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Kenya (CIF) - 2022
- Exports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Kenya
- Imports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Kenya
Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Kenya (FOB) - 2022
In 2022, the average export price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves amounted to $25,436 per ton, reducing by -74.7% against the previous year. Over the period under review, the export price faced a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by 68% against the previous year. As a result, the export price reached the peak level of $146,505 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($95,998 per ton), while the average price for exports to Germany ($859 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 Sweden (+43.6%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Kenya (CIF) - 2022
The average import price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves stood at $82,769 per ton in 2022, surging by 23% against the previous year. Overall, the import price continues to indicate pronounced growth. The pace of growth was the most pronounced in 2021 an increase of 105% against the previous year. The import price peaked at $112,824 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 Thailand ($739,061 per ton), while the price for China stood at $51,368 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Kenya
Exports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves from Kenya surged to 21 tons in 2022, with an increase of 219% against the previous year. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves contracted rapidly to $538K in 2022. Over the period under review, exports, however, faced a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 23%.
| Export of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 531 | 216 | 575 | 483 | -3.1% |
| Germany | 9.3 | 5.0 | 1.6 | 13.7 | 13.8% |
| Singapore | 182 | 293 | 2.7 | N/A | -87.8% |
| Others | 126 | 28.3 | 86.8 | 40.9 | -31.3% |
| Total | 849 | 543 | 666 | 538 | -14.1% |
Top Export Markets for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of from Kenya in 2022:
- Germany (16.0 tons)
- United States (5.0 tons)
Imports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Kenya
For the fourth year in a row, Kenya recorded growth in purchases abroad of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves, which increased by 1.6% to 4.8 tons in 2022. Overall, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 1,640% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves skyrocketed to $396K in 2022. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2020 when imports increased by 571% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.4 | 50.2 | 204 | 233 | 359.6% |
| Thailand | 1.7 | 2.7 | 99.4 | 145 | 340.2% |
| Others | 5.3 | 10.2 | 14.5 | 18.1 | 50.6% |
| Total | 9.4 | 63.1 | 318 | 396 | 248.0% |
Top Suppliers of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of to Kenya in 2022:
- China (4.5 tons)
- Thailand (0.2 tons)
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