Asia-Pacific: Industrial Diamond Market 2023

Industrial Diamond Market Size in Asia-Pacific

The Asia-Pacific industrial diamond market declined modestly to $X in 2022, shrinking by X% against the previous year. In general, consumption, however, continues to indicate a prominent expansion. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Industrial Diamond Production in Asia-Pacific

In value terms, industrial diamond production declined to $X in 2022 estimated in export price. Overall, production, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Industrial Diamond Exports

Exports in Asia-Pacific

In 2022, the amount of diamonds (industrial) exported in Asia-Pacific reduced markedly to X carats, which is down by X% compared with the year before. Overall, exports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X carats, and then shrank remarkably in the following year.

In value terms, industrial diamond exports fell dramatically to $X in 2022. Over the period under review, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

India represented the main exporting country with an export of around X carats, which recorded X% of total exports. It was distantly followed by Hong Kong SAR (X carats), comprising a X% share of total exports. China (X carats) held a little share of total exports.

Exports from India increased at an average annual rate of X% from 2012 to 2022. At the same time, China (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. India (X p.p.) and China (X p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest industrial diamond supplying countries in Asia-Pacific were India ($X), Hong Kong SAR ($X) and China ($X), together accounting for X% of total exports.

China, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per kg, reducing by X% against the previous year. In general, the export price faced a deep slump. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the export prices attained the maximum at $X per kg in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per kg), while India ($X per kg) was amongst the lowest.

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

Industrial Diamond Imports

Imports in Asia-Pacific

In 2022, approx. X carats of diamonds (industrial) were imported in Asia-Pacific; surging by X% compared with the year before. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2019 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, industrial diamond imports skyrocketed to $X in 2022. Overall, imports recorded a prominent increase. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

India dominates imports structure, finishing at X carats, which was approx. X% of total imports in 2022. China (X carats) followed a long way behind the leaders.

India was also the fastest-growing in terms of the diamonds (industrial) imports, with a CAGR of X% from 2012 to 2022. China experienced a relatively flat trend pattern. From 2012 to 2022, the share of India increased by X percentage points.

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

From 2012 to 2022, the average annual growth rate of value in India amounted to X%.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per kg, surging by X% against the previous year. In general, the import price, however, showed a deep slump. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per kg in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per kg), while China stood at $X per kg.

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

Source: IndexBox Platform

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