ASEAN: Industrial Diamond Market 2024

Industrial Diamond Market Size in ASEAN

The ASEAN industrial diamond market fell to $X in 2022, declining by X% against the previous year. In general, consumption, however, showed strong growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Industrial Diamond Production in ASEAN

In value terms, industrial diamond production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, recorded prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Industrial Diamond Exports

Exports in ASEAN

In 2022, the amount of diamonds (industrial) exported in ASEAN shrank sharply to X carats, waning by X% compared with 2021. In general, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X carats in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, industrial diamond exports contracted markedly to $X in 2022. Over the period under review, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand represented the key exporter of diamonds (industrial) in ASEAN, with the volume of exports reaching X carats, which was approx. X% of total exports in 2022. It was distantly followed by Singapore (X carats), mixing up a X% share of total exports.

Thailand was also the fastest-growing in terms of the diamonds (industrial) exports, with a CAGR of X% from 2012 to 2022. Singapore (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics.

In value terms, Singapore ($X) remains the largest industrial diamond supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore stood at X%.

Export Prices by Country

The export price in ASEAN stood at $X per kg in 2022, picking up by X% against the previous year. Overall, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per kg), while Thailand stood at $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%).

Industrial Diamond Imports

Imports in ASEAN

For the third consecutive year, ASEAN recorded growth in supplies from abroad of diamonds (industrial), which increased by X% to X carats in 2022. Overall, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, industrial diamond imports contracted to $X in 2022. Over the period under review, imports, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia dominates imports structure, accounting for X carats, which was near X% of total imports in 2022. Thailand (X carats) and Lao People's Democratic Republic (X carats) took a minor share of total imports.

Indonesia was also the fastest-growing in terms of the diamonds (industrial) imports, with a CAGR of X% from 2012 to 2022. At the same time, Lao People's Democratic Republic (X%) displayed positive paces of growth. By contrast, Thailand (X%) illustrated a downward trend over the same period. Indonesia (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported diamonds (industrial) in ASEAN, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Lao People's Democratic Republic (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per kg, falling by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of import peaked at $X per kg in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per kg), while Indonesia ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :