Kenya"s position as a significant player in the gemstones market is underscored by its robust trade in Tanzanite. In 2023, the data reflects a substantial export volume of 782,135. 21 kg of precious stones, valued at $3,720,881. 072. This represents a remarkable increase from 2022"s export figures of 270,610. 765 kg valued at $4,203,091. 269, highlighting a notable trend in volume growth despite a slight decrease in value. The decrease in value against rising volumes suggests a reduction in per-unit prices, possibly due to increased global competition or market saturation.

Imports, by contrast, have shown a significant decline, from 33. 65 kg in 2022 to a negligible 0. 8 kg in 2023, with an associated drop in value from $979. 017 to $222. 443. This shift indicates a stronger focus on domestic production capabilities and a possible decline in import reliance. Additionally, the export data for rubies, sapphires, and emeralds that are further worked shows fluctuations in volumes and values over the years. However, in 2023, only 184.

5 carats were exported, valued at $13,163. 848, indicating a focus on high-value, low-volume exports. In summary, while the Tanzanite export market in Kenya is expanding, with increasing volumes and strategic shifts in import reliance, commodity prices are experiencing pressure. As businesses navigate these dynamics, Aritral offers invaluable support with its AI-powered B2B platform. Aritral facilitates international trade by providing product listing, direct communication, global sales assistance, and efficient profile management, making it an essential tool for businesses seeking to optimize their presence in the global gemstone market.