Asia: Industrial Diamond Market 2023

Industrial Diamond Market Size in Asia

The Asian industrial diamond market dropped dramatically to $X in 2022, falling by X% against the previous year. Overall, consumption, however, recorded a significant increase. As a result, consumption attained the peak level of $X, and then fell dramatically in the following year.

Industrial Diamond Production in Asia

In value terms, industrial diamond production reduced to $X in 2022 estimated in export price. In general, production, however, continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Industrial Diamond Exports

Exports in Asia

In 2022, approx. X carats of diamonds (industrial) were exported in Asia; which is down by X% on 2021. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X carats in 2021, and then shrank in the following year.

In value terms, industrial diamond exports expanded markedly to $X in 2022. Over the period under review, exports, however, showed resilient growth. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

The United Arab Emirates represented the major exporting country with an export of around X carats, which accounted for X% of total exports. India (X carats) ranks second in terms of the total exports with an X% share, followed by Armenia (X%). The following exporters - Lebanon (X carats) and Hong Kong SAR (X carats) - each amounted to a X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the diamonds (industrial) exports, with a CAGR of X% from 2012 to 2022. At the same time, Armenia (X%), India (X%) and Lebanon (X%) displayed positive paces of growth. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates and Armenia increased by X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) remains the largest industrial diamond supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled X%. In the other countries, the average annual rates were as follows: India (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The export price in Asia stood at $X per kg in 2022, jumping by X% against the previous year. Over the period under review, the export price, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per kg in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per kg), while Armenia ($X per kg) was amongst the lowest.

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

Industrial Diamond Imports

Imports in Asia

In 2022, approx. X carats of diamonds (industrial) were imported in Asia; with a decrease of X% against 2021. Overall, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The volume of import peaked at X carats in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, industrial diamond imports contracted sharply to $X in 2022. Over the period under review, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then fell rapidly in the following year.

Imports by Country

The United Arab Emirates represented the key importing country with an import of around X carats, which resulted at X% of total imports. It was distantly followed by India (X carats), mixing up a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%).

In value terms, India ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of imports in 2022.

Among the main importing countries, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Asia stood at $X per kg in 2022, declining by X% against the previous year. Overall, the import price, however, enjoyed a notable increase. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per kg in 2021, and then dropped notably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per kg), while the United Arab Emirates stood at $X per kg.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :