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

Contents:

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

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

The average export price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves stood at $838,200 per ton in 2022, increasing by 2.5% against the previous year. In general, the export price recorded notable growth. The growth pace was the most rapid in 2014 when the average export price increased by 68% against the previous year. The export price peaked at $1,324,320 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($1,148,000 per ton), while the average price for exports to the UK ($751,303 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 Italy (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves stood at $14,014,636 per ton in 2022, increasing by 15% against the previous year. Over the period under review, the import price continues to indicate significant growth. The pace of growth appeared the most rapid in 2020 an increase of 2,130% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($18,078,500 per ton), while the price for Afghanistan totaled $3,177,667 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+63.5%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, shipments abroad of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves decreased by -1.9% to 731 kg, falling for the second year in a row after two years of growth. Over the period under review, exports, however, showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 600%. As a result, the exports attained the peak of 1.6 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves amounted to $613K in 2022. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 769%. As a result, the exports reached the peak of $2.1M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. United States (339.0 kg)
2. United Arab Emirates (105.0 kg)
3. United Kingdom (99.0 kg)
4. France (68.0 kg)
5. Germany (55.0 kg)
6. Italy (15.0 kg)
7. Thailand (12.0 kg)

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

In 2022, the amount of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves imported into Pakistan surged to 11 kg, rising by 22% against the year before. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +16.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 29%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, imports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves surged to $154K in 2022. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 2,767%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

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

1. Switzerland (8.0 kg)
2. Afghanistan (3.0 kg)

Source: IndexBox Market Intelligence Platform