Eastern Asia: Synthetic Gemstones Market 2024

Synthetic Gemstones Market Size in Eastern Asia

The East Asian synthetic gemstones market dropped significantly to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption showed a abrupt downturn. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Synthetic Gemstones Production in Eastern Asia

In value terms, synthetic gemstones production declined to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Synthetic Gemstones Exports

Exports in Eastern Asia

In 2022, overseas shipments of synthetic or reconstructed precious or semi-precious stones decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, synthetic gemstones exports contracted remarkably to $X in 2022. In general, exports showed a drastic downturn. 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 shrank significantly in the following year.

Exports by Country

Japan (X tons) and China (X tons) dominates exports structure, together constituting X% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), mixing up an X% share of total exports. Hong Kong SAR (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Taiwan (Chinese) (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest synthetic gemstones supplying countries in Eastern Asia were China ($X), Japan ($X) and Hong Kong SAR ($X), together comprising X% of total exports. Taiwan (Chinese) lagged somewhat behind, accounting for a further X%.

Among the main exporting countries, Taiwan (Chinese), with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per kg, with a decrease of X% against the previous year. Over the period under review, the export price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per kg, and then fell markedly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per kg), while Taiwan (Chinese) ($X per kg) 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 leaders experienced more modest paces of growth.

Synthetic Gemstones Imports

Imports in Eastern Asia

In 2022, supplies from 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 two years of growth. Overall, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, synthetic gemstones imports reduced markedly to $X in 2022. Over the period under review, imports showed a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of X%. The level of import peaked at $X in 2021, and then reduced sharply in the following year.

Imports by Country

China dominates imports structure, resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by Japan (X tons), constituting a X% share of total imports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the synthetic or reconstructed precious or semi-precious stones imports, with a CAGR of X% from 2012 to 2022. Japan (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points.

In value terms, the largest synthetic gemstones importing markets in Eastern Asia were Japan ($X), China ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports.

In terms of the main importing countries, Japan, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, dropping by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then reduced dramatically in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X,230 per ton), while China ($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 leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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