The global export of synthetic precious or semi-precious stones is led by India, valued at 340.34 million USD, followed by the United Arab Emirates and China. India saw a year-on-year increase of 5.35%, showcasing robust growth among the leading exporters. Conversely, the United States experienced a 7.75% decline, while countries like Germany and Japan also saw decreases in their export values. Noteworthy is the emerging strength of countries such as Ireland and Armenia, which have shown significant year-on-year growth, enhancing market diversity.
Future trends to watch include increasing technological advancements in stone processing, which may enhance value addition capabilities in exporting countries. Additionally, shifts in consumer preferences towards sustainable practices could influence production and export strategies. The continued diversification of export sources suggests a potential increase in competition, altering the landscape for key players in the synthetic stone export market.
Top countries in Export of Synthetic Precious or Semi-Precious Stone Worked by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 340,340,000 | 2023 | +5.94% | +5.35% | View data |
| 2 | 2 United Arab Emirates | 306,180,000 | 2023 | +6.35% | +4.45% | View data |
| 3 | 3 China | 176,730,000 | 2023 | +2.92% | +3.29% | View data |
| 4 | 4 Thailand | 82,330,000 | 2023 | +0.04% | +1.08% | View data |
| 5 | 5 Russia | 50,055,000 | 2023 | +4.39% | +7.13% | View data |
| 6 | 6 Austria | 42,885,000 | 2023 | +1.39% | +0.57% | View data |
| 7 | 7 United Kingdom | 40,585,000 | 2023 | +5.1% | +3.75% | View data |
| 8 | 8 South Korea | 29,271,000 | 2023 | -0.87% | +0.38% | View data |
| 9 | 9 Germany | 20,458,000 | 2023 | +0.25% | -0.51% | View data |
| 10 | 10 United States | 13,958,000 | 2023 | -12.08% | -7.75% | View data |
