The global import market for synthetic precious or semi-precious stones saw India leading with a share of 23.83% in 2023, marking a notable increase of 18.77%. The United Arab Emirates followed with a 19.15% share, showing a positive change of 9.75%. Noteworthy increases were observed in Japan (15.35%) and Belgium (7.41%), while significant declines were seen in the UK (-22.42%). Despite a negative trend in several countries such as China (-7.71%) and South Africa (-7.17%), the sector remains crucial for economic interactions in Asia and Europe, with potential for growth in emerging markets.
Looking forward, countries like India are expected to maintain their strong positions, driven by industrial demands and technological advancements. The negative growth in major economies like China hints at potential competitive shifts. Emerging markets could see increased activities as these countries invest in synthetic stone technology and trade facilitation. Overall, economic conditions and technological developments will shape the future dynamics of this market.
Top countries in Import of Synthetic Precious or Semi-Precious Stone Unworked or Simply Sawn or Roughly Shaped Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 23.83 | 2023 | -2.93% | +18.77% | View data |
| 2 | 2 United Arab Emirates | 19.15 | 2023 | +6.01% | +9.75% | View data |
| 3 | 3 Thailand | 12.63 | 2023 | +0.57% | +1.43% | View data |
| 4 | 4 Switzerland | 10.51 | 2023 | -1.97% | -1.33% | View data |
| 5 | 5 Malaysia | 10.2 | 2023 | +3.01% | -1.69% | View data |
| 6 | 6 South Korea | 7.8 | 2023 | +4.38% | +4.47% | View data |
| 7 | 7 China | 7.16 | 2023 | -10.75% | -7.71% | View data |
| 8 | 8 Mauritius | 3.47 | 2023 | -3.77% | -7.21% | View data |
| 9 | 9 United States | 3.07 | 2023 | -3.22% | -7.11% | View data |
| 10 | 10 Japan | 2.48 | 2023 | +0.75% | +15.35% | View data |
