Tanzania has long been recognized for its rich deposits of gemstones, including lapis lazuli, which continue to hold a significant position in the global market. In 2023, Tanzania"s gemstone industry, particularly lapis lazuli, has witnessed a noticeable dynamic in trade volumes and pricing trends. According to the latest data, the export value for precious or semi-precious stones that are unworked reached approximately $20. 35 million in 2023, indicating a stable market despite the absence of recorded export quantities. This could suggest a focus on high-value stones or a strategic withholding of volume data for competitive advantage. Compared to 2022, where 15. 44 million kg of such stones were exported for $20. 78 million, the market has maintained its monetary value despite significant volume fluctuations.

Interestingly, imports of unworked stones have drastically reduced in quantity from 1,077 kg in 2022 to just 14. 838 kg in 2023, accompanied by a slight increase in value to $4,512. 28. This trend highlights a potential shift towards more selective, possibly higher-quality stone imports. For further worked stones, the export and domestic market saw 178,798 carats traded in 2023 for $1. 31 million, reflecting a consistent demand for refined gemstones. Imports here were considerably lower, with only 920 carats valued at $9,192. 06, indicating that Tanzania primarily exports its refined gemstone products rather than importing them.

The shifts in trade volumes and prices underline important market strategies, possibly influenced by global demand patterns and Tanzania"s production policies. Businesses looking to engage in this market should consider leveraging platforms like Aritral. com. Aritral offers a comprehensive suite of services including product listing, direct communication with suppliers, global sales assistance, AI-powered marketing strategies, and detailed profile management to streamline international trade in this competitive sector.