Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in India - 2023
Contents:
- Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in India (FOB) - 2022
- Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in India (CIF) - 2022
- Exports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in India
- Imports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in India
Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in India (FOB) - 2022
The average export price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves stood at $60,049 per ton in 2022, dropping by -6.1% against the previous year. Overall, the export price recorded a deep reduction. The pace of growth appeared the most rapid in 2015 an increase of 16% against the previous year. Over the period under review, the average export prices hit record highs at $139,455 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($137,745 per ton), while the average price for exports to Spain ($24,807 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 Japan (+0.6%), while the prices for the other major destinations experienced a decline.
Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in India (CIF) - 2022
The average import price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves stood at $102,751 per ton in 2022, falling by -16.4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 339%. As a result, import price attained the peak level of $998,516 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($553,432 per ton), while the price for China ($28,315 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+24.2%), 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 India
Exports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves from India totaled 677 tons in 2022, picking up by 4% against the previous year. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 145%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves shrank to $41M in 2022. Overall, exports saw resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 117%. As a result, the exports reached the peak of $42M, and then shrank in the following year.
| Export of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.1 | 11.1 | 26.5 | 25.2 | 31.4% |
| United Kingdom | 1.1 | 0.6 | 1.4 | 2.0 | 22.1% |
| Netherlands | 0.1 | 0.3 | 0.9 | 0.9 | 108.0% |
| Australia | 0.4 | 0.4 | 1.1 | 0.8 | 26.0% |
| Spain | 0.3 | 0.3 | 0.5 | 0.8 | 38.7% |
| Canada | 0.2 | 0.3 | 0.7 | 0.7 | 51.8% |
| Others | 14.3 | 6.0 | 10.6 | 10.3 | -10.4% |
| Total | 27.5 | 19.2 | 41.7 | 40.7 | 14.0% |
Top Export Markets for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of from India in 2022:
- United States (476.1 tons)
- United Kingdom (45.5 tons)
- Spain (32.6 tons)
- Australia (29.4 tons)
- Netherlands (14.0 tons)
- Canada (11.9 tons)
Imports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in India
In 2022, imports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves into India soared to 89 tons, picking up by 96% on 2021. Over the period under review, imports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 404% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, imports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves soared to $9.1M in 2022. In general, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 111%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 75.8 | 800 | 2,841 | 4,437 | 288.3% |
| Switzerland | 155 | 1.2 | 2.9 | 2,056 | 136.7% |
| United States | 849 | 862 | 318 | 908 | 2.3% |
| Thailand | 875 | 40.9 | 29.5 | 824 | -2.0% |
| Hong Kong SAR | 3,364 | 348 | 1,391 | 171 | -63.0% |
| China | 189 | 98.4 | 197 | 163 | -4.8% |
| Chile | 32.9 | N/A | N/A | N/A | 0% |
| Others | 1,247 | 493 | 795 | 585 | -22.3% |
| Total | 6,788 | 2,644 | 5,575 | 9,143 | 10.4% |
Top Suppliers of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of to India in 2022:
- Switzerland (53.8 tons)
- Singapore (16.2 tons)
- United States (8.8 tons)
- China (5.7 tons)
- Thailand (1.5 tons)
- Hong Kong SAR (1.3 tons)
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