Uzbekistan"s gemstones market, particularly in Topaz, has shown dynamic trends in recent years. From 2020 to 2024, trade volumes and pricing have fluctuated significantly, reflecting broader economic and market shifts. In 2024, Uzbekistan exported 704. 874 kg of precious stones, valued at $381,399, indicating a resurgence in export activity post-2023, when export activity was recorded at zero kg despite a high value of $338,318. This suggests a backlog or a surge in pricing despite low volumes. The import side also tells an interesting story. In 2024, foreign imports amounted to 41,919. 182 kg valued at $591,327, a significant increase from 2023"s import volume of 1,120 kg worth $225,391.

This surge in import volume, with a relatively moderate price increase, suggests an increased demand or stockpiling strategy possibly due to anticipated price rises or supply chain stability concerns. A closer look at the prices reveals that while the import quantities have been volatile, the value per kilogram has decreased from approximately $219. 75 per kg in 2020 to about $14. 10 per kg in 2024. This dramatic drop in price per kg could be attributed to oversupply or decreased global demand for unwrought stones. Uzbekistan"s ability to re-export suggests a strategic position in the regional gemstones market, leveraging both supply availability and competitive pricing. As businesses explore this market, it"s crucial to establish reliable supplier connections and understand market dynamics. Aritral is an AI-driven B2B platform simplifying international trade in commodities and raw materials. It provides invaluable tools for businesses to navigate Uzbekistan’s topaz market, offering Product Listing, Direct Communication, Global Sales Assistance, AI-Powered Marketing, and Profile Management, making it an essential partner in maximizing trade opportunities.