Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Saudi Arabia - 2022
Contents:
- Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Saudi Arabia (FOB) - 2022
- Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Saudi Arabia (CIF) - 2022
- Exports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Saudi Arabia
- Imports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Saudi Arabia
Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Saudi Arabia (FOB) - 2022
In 2021, the average export price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves amounted to $21,457 per ton, approximately mirroring the previous year. In general, the export price, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 an increase of 34% against the previous year. As a result, the export price attained the peak level of $45,331 per ton. From 2018 to 2021, 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 Arab Emirates ($19,580 per ton), while the average price for exports to Bahrain stood at $9,671 per ton.
From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+94.3%).
Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Saudi Arabia (CIF) - 2022
The average import price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves stood at $156,930 per ton in 2021, reducing by -12.5% against the previous year. Over the period under review, the import price, however, posted a strong expansion. The most prominent rate of growth was recorded in 2014 an increase of 21%. The import price peaked at $179,292 per ton in 2020, and then dropped in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($3,102,843 per ton), while the price for China ($34,632 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+42.7%), 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 Saudi Arabia
In 2022, exports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves from Saudi Arabia amounted to 19 tons, approximately reflecting the previous year. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 606% against the previous year. The exports peaked in 2022 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 shrank notably to $258K in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 813% against the previous year.
| Export of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Saudi Arabia (Thousand USD) | |||
|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 |
| Bahrain | 86.2 | 188 | 118.1% |
| Others | 96.3 | 224 | 132.6% |
| Total | 182 | 412 | 126.4% |
Top Export Markets for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of from Saudi Arabia in 2022:
- Bahrain (19.5 tons)
Imports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Saudi Arabia
In 2021, approx. 173 tons of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves were imported into Saudi Arabia; with an increase of 125% on 2020. Over the period under review, imports posted a significant expansion. 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 skyrocketed to $27M in 2021. In general, imports showed a significant expansion. 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 Saudi Arabia (Million USD) | |||
|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 |
| United States | 6.7 | 12.1 | 80.6% |
| Thailand | 3.4 | 7.4 | 117.6% |
| China | 1.8 | 4.1 | 127.8% |
| Vietnam | 1.2 | 1.9 | 58.3% |
| Others | 0.7 | 1.5 | 114.3% |
| Total | 13.8 | 27.1 | 96.4% |
Top Suppliers of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of to Saudi Arabia in 2022:
- China (118.7 tons)
- Thailand (24.0 tons)
- Vietnam (7.7 tons)
- United States (3.9 tons)
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