Price for Stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles of in the Dominican Republic - 2023

Contents:

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

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

In 2022, the average import price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves amounted to $57,084 per ton, growing by 21% against the previous year. Overall, the import price posted a resilient expansion. The growth pace was the most rapid in 2020 when the average import price increased by 66% against the previous year. As a result, import price attained the peak level of $79,229 per ton. From 2021 to 2022, the average 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 ($73,041 per ton), while the price for China stood at $9,668 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.0%).

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

In 2022, the average export price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves amounted to $71,558 per ton, rising by 280% against the previous year. Over the period under review, the export price enjoyed a resilient expansion. Over the period under review, the average export prices hit record highs at $90,167 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turks and Caicos Islands ($16,422 per ton), while the average price for exports to the United States totaled $16,264 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-11.0%).

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

In 2022, overseas purchases of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves decreased by -4.6% to 14 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 174%. As a result, imports attained the peak of 14 tons, and then shrank modestly in the following year.

In value terms, imports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves totaled $785K in 2022. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 89%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the near future.

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

1. United States (10.3 tons)
2. China (3.5 tons)

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

In 2022, the amount of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves exported from the Dominican Republic shrank dramatically to 240 kg, reducing by -37% on the previous year. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 3,710%. As a result, the exports attained the peak of 381 kg, and then contracted significantly in the following year.

In value terms, exports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves skyrocketed to $17K in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 3,270% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

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

1. United States (140.0 kg)
2. Turks and Caicos Islands (45.0 kg)

Source: IndexBox Market Intelligence Platform