China's Quartz Crystal (Natural) Market to Expand with +0.1% CAGR - Projected to Reach 71M Tons by 2035 - News and Statistics - IndexBox

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IndexBox has just published a new report: China - Quartz Crystal (Natural) - Market Analysis, Forecast, Size, Trends And Insights.

Driven by increasing demand in China, the market for natural quartz crystal is expected to grow steadily over the next decade. Market performance is forecasted to continue its upward trend, with both volume and value set to increase by 2035.

Driven by increasing demand for quartz crystal (natural) in China, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.1% for the period from 2024 to 2035, which is projected to bring the market volume to 71M tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +0.5% for the period from 2024 to 2035, which is projected to bring the market value to $8B (in nominal wholesale prices) by the end of 2035.

In 2024, consumption of quartz crystal (natural) decreased by -1.1% to 70M tons, falling for the third consecutive year after four years of growth. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, consumption reached the peak volume at 73M tons in 2021; however, from 2022 to 2024, consumption stood at a somewhat lower figure.

The value of the natural quartz crystal market in China dropped to $7.5B in 2024, with a decrease of -7.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $10.4B. From 2019 to 2024, the growth of the market remained at a somewhat lower figure.

In 2024, production of quartz crystal (natural) decreased by -0.6% to 71M tons, falling for the third consecutive year after three years of growth. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 6.1%. Over the period under review, production hit record highs at 74M tons in 2021; however, from 2022 to 2024, production remained at a lower figure.

In value terms, natural quartz crystal production fell to $7.5B in 2024 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 57%. As a result, production attained the peak level of $11.5B. From 2019 to 2024, production growth remained at a somewhat lower figure.

In 2024, supplies from abroad of quartz crystal (natural) decreased by -6.8% to 1.3M tons for the first time since 2020, thus ending a three-year rising trend. In general, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 392% against the previous year. Imports peaked at 1.4M tons in 2023, and then contracted in the following year.

In value terms, natural quartz crystal imports rose sharply to $1.1B in 2024. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2023 with an increase of 187% against the previous year. Over the period under review, imports attained the maximum in 2024 and are expected to retain growth in the near future.

Myanmar (465K tons), India (332K tons) and Brazil (133K tons) were the main suppliers of natural quartz crystal imports to China, together comprising 73% of total imports. The United States, Tanzania, Taiwan (Chinese), Norway, Pakistan, Angola and South Korea lagged somewhat behind, together comprising a further 21%.

From 2013 to 2024, the biggest increases were recorded for Pakistan (with a CAGR of +87.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($532M) constituted the largest supplier of quartz crystal (natural) to China, comprising 49% of total imports. The second position in the ranking was taken by Norway ($217M), with a 20% share of total imports. It was followed by India, with a 16% share.

From 2013 to 2024, the average annual growth rate of value from the United States amounted to +66.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+39.5% per year) and India (+77.2% per year).

The average natural quartz crystal import price stood at $848 per ton in 2024, increasing by 22% against the previous year. In general, the import price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 97%. Over the period under review, average import prices reached the maximum at $1,224 per ton in 2016; however, from 2017 to 2024, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2024, amid the top importers, the country with the highest price was Norway ($7,109 per ton), while the price for Myanmar ($55 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the United States (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

In 2024, approx. 1.8M tons of quartz crystal (natural) were exported from China; picking up by 20% on the year before. Over the period under review, exports recorded a strong increase. The growth pace was the most rapid in 2019 when exports increased by 455%. Over the period under review, the exports reached the peak figure in 2024 and are likely to see gradual growth in the near future.

In value terms, natural quartz crystal exports dropped rapidly to $163M in 2024. Overall, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 100%. The exports peaked at $234M in 2021; however, from 2022 to 2024, the exports remained at a lower figure.

Malaysia (811K tons) was the main destination for natural quartz crystal exports from China, with a 45% share of total exports. Moreover, natural quartz crystal exports to Malaysia exceeded the volume sent to the second major destination, Indonesia (352K tons), twofold. Thailand (257K tons) ranked third in terms of total exports with a 14% share.

From 2013 to 2024, the average annual rate of growth in terms of volume to Malaysia amounted to +60.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+24.3% per year) and Thailand (+30.2% per year).

In value terms, Thailand ($64M), Malaysia ($33M) and Indonesia ($16M) were the largest markets for natural quartz crystal exported from China worldwide, with a combined 69% share of total exports.

Among the main countries of destination, Malaysia, with a CAGR of +34.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

In 2024, the average natural quartz crystal export price amounted to $90 per ton, falling by -31.6% against the previous year. In general, the export price saw a noticeable contraction. The pace of growth appeared the most rapid in 2018 an increase of 396%. As a result, the export price reached the peak level of $375 per ton. From 2019 to 2024, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2024, amid the top suppliers, the country with the highest price was Thailand ($247 per ton), while the average price for exports to Malaysia ($41 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+5.7%), while the prices for the other major destinations experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the natural quartz crystal market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Export

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles