Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in the UK - 2023
Contents:
- Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in the UK (CIF) - 2022
- Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in the UK (FOB) - 2022
- Imports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in the UK
- Exports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in the UK
Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in the UK (CIF) - 2022
In 2022, the average import price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves amounted to $99,273 per ton, increasing by 29% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 52% against the previous year. As a result, import price attained the peak level of $174,349 per ton. From 2016 to 2022, the average import prices remained at a lower figure.
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 Thailand ($376,795 per ton), while the price for Brazil ($8,520 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+14.4%), 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 UK (FOB) - 2022
In 2022, the average export price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves amounted to $182,923 per ton, increasing by 4.5% against the previous year. Overall, the export price continues to indicate a strong increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 56%. The export price peaked in 2022 and is likely to continue growth in years to come.
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 United States ($481,817 per ton), while the average price for exports to Denmark ($27,855 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 Germany (+16.9%), 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 UK
After three years of growth, overseas purchases of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves decreased by -3.9% to 626 tons in 2022. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 68% against the previous year. As a result, imports reached the peak of 651 tons, and then reduced in the following year.
In value terms, imports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves skyrocketed to $62M in 2022. Overall, imports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 77%. Over the period under review, imports of hit record highs in 2022 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 the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.2 | 5.4 | 9.4 | 21.3 | 71.8% |
| Thailand | 0.3 | 0.4 | 11.4 | 16.3 | 278.8% |
| Vietnam | 0.4 | 0.3 | 3.6 | 8.5 | 177.0% |
| France | 21.3 | 1.8 | 2.7 | 4.8 | -39.1% |
| India | 1.2 | 0.8 | 1.5 | 1.4 | 5.3% |
| Germany | 2.0 | 8.0 | 11.5 | 1.2 | -15.7% |
| Brazil | 0.4 | 0.5 | 1.1 | 0.9 | 31.0% |
| Hong Kong SAR | 0.5 | 0.6 | 1.1 | 0.7 | 11.9% |
| Madagascar | N/A | 0.1 | 0.1 | 0.3 | 73.2% |
| Netherlands | 13.0 | 1.3 | 0.8 | 0.1 | -80.3% |
| Others | 3.0 | 9.0 | 6.9 | 6.6 | 30.1% |
| Total | 46.3 | 28.2 | 50.1 | 62.2 | 10.3% |
Top Suppliers of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of to the UK in 2022:
- China (344.4 tons)
- Brazil (108.1 tons)
- Thailand (43.2 tons)
- India (40.1 tons)
- Vietnam (26.6 tons)
- France (17.5 tons)
- Madagascar (14.9 tons)
- Hong Kong SAR (12.4 tons)
- Germany (5.0 tons)
- Netherlands (0.9 tons)
Exports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in the UK
In 2022, the amount of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves exported from the UK reduced markedly to 59 tons, with a decrease of -34.5% on the previous year's figure. In general, exports recorded a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 5%.
In value terms, exports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves dropped remarkably to $11M in 2022. Overall, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by 16%. As a result, the exports attained the peak of $16M, and then contracted sharply in the following year.
| Export of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 656 | 372 | 2,091 | 2,052 | 46.2% |
| France | 2,088 | 1,544 | 5,558 | 1,864 | -3.7% |
| United Arab Emirates | 39.8 | 19.5 | 177 | 1,002 | 193.1% |
| Netherlands | 429 | 268 | 1,064 | 672 | 16.1% |
| Macao SAR | 75.0 | 92.2 | 505 | 614 | 101.5% |
| Germany | 862 | 2,715 | 560 | 532 | -14.9% |
| Ireland | 3,064 | 2,517 | 772 | 394 | -49.5% |
| Australia | 135 | 146 | 305 | 223 | 18.2% |
| Italy | 705 | 1,474 | 106 | 159 | -39.1% |
| Belgium | 551 | 341 | 86.4 | 118 | -40.2% |
| New Zealand | 7.6 | 11.7 | 31.2 | 60.6 | 99.8% |
| Denmark | 24.6 | 9.7 | 15.3 | 59.6 | 34.3% |
| Spain | 1,035 | 522 | 51.7 | 18.8 | -73.7% |
| Others | 4,815 | 3,545 | 4,401 | 2,986 | -14.7% |
| Total | 14,487 | 13,577 | 15,724 | 10,754 | -9.5% |
Top Export Markets for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of from the UK in 2022:
- France (18.3 tons)
- United Arab Emirates (9.5 tons)
- Australia (6.7 tons)
- United States (4.3 tons)
- Netherlands (3.8 tons)
- Macao SAR (2.7 tons)
- Denmark (2.1 tons)
- Germany (1.9 tons)
- New Zealand (1.5 tons)
- Ireland (1.4 tons)
- Italy (0.8 tons)
- Belgium (0.6 tons)
- Spain (0.2 tons)
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