In 2024, Armenia"s turquoise market has shown notable export activity, with significant increases compared to the previous year. The data indicates a dramatic rise in export volumes, reaching over 1. 4 million kg, valued at approximately $7. 38 million. This marks a substantial leap from 2023, where the total export quantity was around 2. 3 million kg at a slightly lower total value of $6. 36 million, suggesting an increase in the unit price of the exported stones. Imports, however, have seen a mixed trend.

The import volume in 2024 was slightly under 70,000 kg with a value totaling approximately $108,820, significantly lower in both volume and value compared to 2023, which saw imports of about 275,000 kg valued around $59,460. This data suggests a tightening in the domestic demand or a strategic shift towards enhancing the export market capabilities. The price per kilogram data reflects a varied trend. For instance, in 2024, certain imports valued low compared to their volume, such as 8 kg for $484. 97, indicating selective high-value purchases. Conversely, exports like 46,816 kg at $6. 7 million suggest a high unit value, reflective of possibly higher quality or processed turquoise. Such trends underscore Armenia"s position as a growing player in the turquoise trade, focusing on export growth and high-value trade rather than sheer volume imports.

The market dynamics point towards an evolving strategy aimed at capitalizing on global demand. For businesses looking to engage with Armenia"s turquoise market, Aritral. com offers a comprehensive platform for connecting with local suppliers. As an AI-driven B2B solution, Aritral simplifies international trade with features like Product Listing, Direct Communication, Global Sales Assistance, and AI-Powered Marketing. This is a valuable resource for enterprises aiming to explore Armenia"s gemstone opportunities.