Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Ghana - 2023

Contents:

  1. Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Ghana (CIF) - 2022
  2. Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Ghana (FOB) - 2022
  3. Imports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Ghana
  4. Exports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Ghana

Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Ghana (CIF) - 2022

In 2022, the average import price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves amounted to $5,310 per ton, with a decrease of -17.2% against the previous year. In general, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when the average import price increased by 204%. The import price peaked at $24,904 per ton in 2012; however, from 2013 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 the United States ($31,714 per ton), while the price for Lebanon ($473 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+24.9%), while the prices for the other major suppliers experienced a decline.

Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Ghana (FOB) - 2022

In 2022, the average export price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves amounted to $21,234 per ton, jumping by 1,562% against the previous year. Overall, the export price recorded significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($132,500 per ton), while the average price for exports to the United States ($1,297 per ton) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+4,316.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Ghana

Imports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves into Ghana skyrocketed to 9.3 tons in 2022, with an increase of 24% against the previous year. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves rose to $49K in 2022. Overall, imports posted prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Africa3.3N/A8.29.441.8%
China0.6N/A1.54.291.3%
LebanonN/AN/AN/A1.40%
United States19.7N/A1.60.2-78.3%
ThailandN/AN/A5.9N/A0%
Others7.2N/A31.034.167.9%
Total30.8N/A48.249.317.0%

Top Suppliers of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of to Ghana in 2022:

  1. Lebanon (3.0 tons)
  2. South Africa (1.1 tons)
  3. China (1.1 tons)

Exports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Ghana

Exports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves from Ghana surged to 137 kg in 2022, growing by 661% against the year before. Overall, exports, however, faced a precipitous decline.

In value terms, exports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves surged to $2.9K in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Ghana (USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab EmiratesN/AN/A3.079526400.0%
Thailand199N/A4.076956.9%
BarbadosN/AN/AN/A1320%
Austria16.0N/A1.099.083.6%
United States126N/A1.048.0-27.5%
France6.0N/A1.037.083.4%
Canada28.0N/A1.026.0-2.4%
Others413N/A12.01,00334.4%
Total788N/A23.02,90954.6%

Top Export Markets for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of from Ghana in 2022:

  1. Thailand (47.0 kg)
  2. United States (37.0 kg)
  3. France (28.0 kg)
  4. United Arab Emirates (6.0 kg)
  5. Canada (3.0 kg)
  6. Austria (2.0 kg)
  7. Barbados (2.0 kg)

Source: IndexBox Market Intelligence Platform

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