Angola"s gemstone market, particularly for spinel, has seen notable shifts in trade dynamics in 2023. Spinel is a highly sought-after gemstone, often prized for its vibrant colors and durability. This year, trade data reveals interesting trends in both import and export activities. In 2023, Angola"s import volume of unworked or simply sawn precious stones, including spinel, was consistent at 109 kg, with a total import value of approximately $63. 52. This is a significant decrease from 2022, where the import volume was substantially higher at 901. 4 kg, valued at $776. 84.

This drop highlights a strategic shift, possibly indicating a move towards enhancing domestic production or adjusting to global demand changes. On the export front, Angola exported a total of 170 kg of these stones in 2023, with a total export value of $799. 02. Notably, the export price per kilogram varied significantly, reaching up to $370. 59 for specific shipments, which suggests a strong international demand and a premium positioning for Angolan spinel. This contrasts with the import prices, which were generally lower, indicating a favorable trade margin. These patterns reflect Angola"s evolving position in the global gemstones market, with a focus on capitalizing on high-value exports while managing import costs. The data underscores the importance of maintaining competitive pricing strategies and quality standards to enhance Angola"s market share.

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