Stones: precious or semi-precious, synthetic or reconstructed, (not piezo-electric quartz), worked or graded or not, (but not strung, mounted or set), temporarily strung for transport convenience, n.e.s. in item no. 7104.20

In 2024, stones: precious or semi-precious, synthetic or reconstructed, (not piezo-electric quartz), worked or graded or not, (but not strung, mounted or set), temporarily strung for transport convenience, n.e.s. in item no. 7104.20 trade exhibited significant decline, with global flows reaching $2,493,157,247 and a three-year compound annual growth rate of -0.5% (five-year: +10.6%). The all-time peak of $3,397,457,354 was recorded in 2022; the current level is 27% below that high-water mark.

Over the 30-year observation window (1995–2024), 66% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is decelerating (-8.6% acceleration).

The World Trade Flows Characterization classifies stones: precious or semi-precious, synthetic or reconstructed, (not piezo-electric quartz), worked or graded or not, (but not strung, mounted or set), temporarily strung for transport convenience, n.e.s. in item no. 7104.20 as "Two-way horizontal trade" in the low price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is concentrated (Herfindahl-Hirschman Index 0.347). The three largest exporters — India ($1.4B), China ($236.9M), and United States ($192.6M) — collectively dominate supply flows. The leading exporter has grown at +2.4% over the last three years.

On the demand side, importer concentration is moderately concentrated (HHI 0.202). The three largest import markets are United States ($1.0B), Hong Kong ($204.7M), and United Arab Emirates ($191.7M). The largest importing market sources from 54 different supplying countries.

The dominant trade corridor is India → United States at $861.3M, representing 82.9% of the importer's total demand.

The volatility score for stones: precious or semi-precious, synthetic or reconstructed, (not piezo-electric quartz), worked or graded or not, (but not strung, mounted or set), temporarily strung for transport convenience, n.e.s. in item no. 7104.20 is 13 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. The concentrated supply structure suggests high barriers but also potential opportunity if dominant suppliers face disruption or capacity constraints.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.