Price for Stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles of in South Africa - 2024
Contents:
- Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in South Africa (CIF) - 2022
- Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in South Africa (FOB) - 2022
- Imports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in South Africa
- Exports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in South Africa
Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in South Africa (CIF) - 2022
The average import price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves stood at $11,161 per ton in 2022, falling by -21% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves increased by +101.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 106%. As a result, import price attained the peak level of $14,135 per ton, and then reduced rapidly in the following year.
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 ($25,202 per ton), while the price for Mozambique ($183 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.6%), 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 South Africa (FOB) - 2022
The average export price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves stood at $10,345 per ton in 2022, shrinking by -28.6% against the previous year. In general, the export price recorded a deep slump. The pace of growth was the most pronounced in 2014 when the average export price increased by 160%. Over the period under review, the average export prices reached the peak figure at $57,196 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($128,311 per ton), while the average price for exports to the United States ($4,235 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 the Netherlands (+42.0%), 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 South Africa
In 2022, the amount of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves imported into South Africa surged to 180 tons, increasing by 51% compared with the previous year. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 123%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves skyrocketed to $2M in 2022. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 176%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 0.6 | 522 | 989 | 864 | 1029.2% |
| China | 158 | 136 | 274 | 586 | 54.8% |
| Vietnam | 1.1 | 160 | 228 | 264 | 521.4% |
| United States | 58.5 | 63.0 | 48.0 | 88.0 | 14.6% |
| Brazil | 34.0 | 3.7 | 3.0 | 31.0 | -3.0% |
| India | 38.5 | 14.3 | 16.6 | 21.6 | -17.5% |
| Namibia | 13.4 | 20.9 | 13.6 | 5.5 | -25.7% |
| Madagascar | 11.2 | N/A | 2.7 | 3.6 | -31.5% |
| Mozambique | N/A | N/A | N/A | 2.6 | 0% |
| Others | 50.2 | 91.6 | 112 | 148 | 43.4% |
| Total | 366 | 1,011 | 1,687 | 2,014 | 76.5% |
Top Suppliers of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of to South Africa in 2022:
- Vietnam (40.7 tons)
- Thailand (34.3 tons)
- China (28.6 tons)
- Brazil (26.9 tons)
- United States (25.1 tons)
- Mozambique (14.4 tons)
- India (3.2 tons)
- Namibia (2.9 tons)
- Madagascar (1.2 tons)
Exports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in South Africa
In 2022, exports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves from South Africa soared to 33 tons, increasing by 53% on the previous year. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves amounted to $343K in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -9.4% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 56% against the previous year. As a result, the exports reached the peak of $379K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 106 | 91.4 | 81.0 | 112 | 1.9% |
| Nigeria | 59.9 | 5.9 | 68.5 | 74.3 | 7.4% |
| Japan | 4.2 | N/A | 0.1 | 40.3 | 112.5% |
| Netherlands | 0.1 | 1.6 | 5.6 | 20.1 | 485.8% |
| Sweden | N/A | N/A | N/A | 10.3 | 0% |
| Namibia | 4.9 | 2.6 | 1.5 | 7.9 | 17.3% |
| Ireland | 2.8 | 177 | 11.5 | N/A | 102.7% |
| India | N/A | 18.1 | N/A | N/A | 0% |
| Others | 65.8 | 82.3 | 147 | 77.6 | 5.7% |
| Total | 243 | 379 | 315 | 343 | 12.2% |
Top Export Markets for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of from South Africa in 2022:
- United States (26.6 tons)
- Netherlands (1.8 tons)
- Sweden (0.9 tons)
- Namibia (0.7 tons)
- Japan (0.6 tons)
- Nigeria (0.6 tons)
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