Price for Stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles of in the Philippines - 2022
Contents:
- Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in the Philippines (CIF) - 2022
- Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in the Philippines (FOB) - 2022
- Imports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in the Philippines
- Exports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in the Philippines
Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in the Philippines (CIF) - 2022
The average import price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves stood at $104,066 per ton in 2022, waning by -10.6% against the previous year. Overall, the import price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2016 an increase of 75%. The import price peaked at $177,651 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($234,695 per ton), while the price for Switzerland ($86,750 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in the Philippines (FOB) - 2022
The average export price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves stood at $101,265 per ton in 2022, dropping by -50.2% against the previous year. Over the period under review, the export price saw a deep setback. The most prominent rate of growth was recorded in 2017 an increase of 127%. As a result, the export price attained the peak level of $376,597 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($256,091 per ton), while the average price for exports to the United States ($37,476 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 Singapore (+126.8%), 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 the Philippines
In 2022, approx. 2.7 tons of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves were imported into the Philippines; jumping by 56% on the previous year. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 341%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves soared to $283K in 2022. Overall, imports showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 317% against the previous year. 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 the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | N/A | 82.3 | 123 | 49.5% |
| China | 48.2 | 18.9 | 30.3 | 61.2 | 8.3% |
| Hong Kong SAR | 24.8 | 2.5 | 14.7 | 49.3 | 25.7% |
| Italy | N/A | N/A | 37.6 | 29.3 | -22.1% |
| United States | 0.1 | 13.1 | 2.9 | 5.4 | 278.0% |
| Switzerland | 1.9 | 0.3 | 8.8 | 4.5 | 33.3% |
| Denmark | 6.6 | 11.8 | 15.4 | N/A | 52.8% |
| Singapore | 1.9 | N/A | N/A | N/A | 0% |
| Others | 6.9 | 2.0 | 10.5 | 10.6 | 15.4% |
| Total | 90.4 | 48.6 | 203 | 283 | 46.3% |
Top Suppliers of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of to the Philippines in 2022:
- France (1291.0 kg)
- China (646.0 kg)
- Italy (313.0 kg)
- Hong Kong SAR (210.0 kg)
- United States (53.0 kg)
- Switzerland (52.0 kg)
Exports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in the Philippines
In 2022, approx. 431 kg of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves were exported from the Philippines; falling by -49.7% compared with the year before. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 439%. As a result, the exports attained the peak of 857 kg, and then contracted notably in the following year.
In value terms, exports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves contracted notably to $44K in 2022. Overall, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 915% against the previous year. As a result, the exports attained the peak of $174K, and then fell sharply in the following year.
| Export of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | N/A | 0.1 | 140 | 24.7 | 1471.6% |
| United States | 28.0 | 7.5 | 22.9 | 11.7 | -25.2% |
| United Kingdom | 2.4 | 0.8 | 0.8 | 5.6 | 32.6% |
| Australia | N/A | 8.7 | 10.0 | N/A | 14.9% |
| Others | 0.1 | 0.1 | 0.8 | 1.6 | 152.0% |
| Total | 30.5 | 17.2 | 174 | 43.6 | 12.6% |
Top Export Markets for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of from the Philippines in 2022:
- United States (311.0 kg)
- Singapore (98.0 kg)
- United Kingdom (22.0 kg)
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