Sri Lanka"s gemstone market, notably its agate sector, has shown dynamic changes in trade volumes and pricing over recent years. Focusing on 2024, the country imported 23,253. 558 kg of precious and semi-precious stones, valued at approximately $2,129,012. This represented a significant increase from the 7,080. 57 kg imported in 2023, valued at $1,416,518. The substantial rise in import volume reflects a robust demand for unworked stones, potentially driven by increased domestic processing capacities or rising consumer interest. On the export front, 2024 saw a modest volume of 223. 657 kg, with a value of $705,646.

573. While this is a decrease from the higher volumes in 2023, where exports reached 6,782. 01 kg, the increase in the per kilogram value suggests a shift towards higher-value transactions or improved quality of exported goods. The 2024 export figures also suggest a strategic move to focus on quality over quantity, aligning with global market trends for premium agate products. Re-export activities have dramatically decreased, with volumes dropping from 6,761. 01 kg in 2023 to a mere 0. 145 kg in 2024. This could indicate a tighter control on the quality of re-exported goods or a shift in market strategy to prioritize direct exports.

Overall, Sri Lanka"s agate market is reflecting a strategic pivot toward enhancing trade value, emphasizing quality and value addition. For businesses looking to engage with Sri Lanka"s gemstone sector, Aritral offers invaluable services. As an AI-driven B2B platform, Aritral simplifies international trade with comprehensive solutions such as Product Listing, Direct Communication, Global Sales Assistance, AI-Powered Marketing, and Profile Management, making it an essential tool for navigating the competitive gemstones market. "