Uzbekistan"s ruby market is experiencing dynamic shifts in trade volume and pricing as we analyze the 2024 data. The year has shown a significant export volume of 704. 874 kg of unworked precious stones, valued at $381,399, marking an increase from previous years when export volumes were notably lower, such as in 2023 when exports stood at zero despite a value of $338,318. This suggests that although no physical trade occurred in 2023, contractual or future trading agreements might have been in place. A notable shift is observed in imports, wherein 2024 saw an import volume of 41,919. 182 kg, valued at $591,327. This is a sharp increase from 2023, which recorded only 1,120 kg at $225,391. Such a rise indicates growing domestic demand or the establishment of Uzbekistan as a re-export hub.

Price trends reveal an interesting pattern, with the average price per kg for exports in 2024 being approximately $541, a rise from 2022"s $569 per kg. Despite lower volumes, the value per kg has increased, suggesting enhanced quality or market repositioning strategies. This data-driven analysis reflects Uzbekistan"s strategic moves within the global gemstone market. As a B2B professional, tapping into Uzbekistan"s burgeoning ruby trade could present lucrative opportunities. For businesses looking to engage in this market, effective strategies include exploring platforms like Aritral. com. This AI-driven B2B platform simplifies international trade by offering services such as Product Listing, Direct Communication with suppliers, Global Sales Assistance, AI-Powered Marketing, and Profile Management. These tools can facilitate your entry and expansion in this competitive market.