China: Industrial Diamonds Market 2022

Industrial Diamonds Market Size in China

In 2021, the Chinese industrial diamonds market decreased by -X% to $X, falling for the second consecutive year after two years of growth. In general, consumption saw a abrupt downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Industrial Diamonds Production in China

In value terms, industrial diamonds production expanded to $X in 2021 estimated in export price. In general, production continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Industrial diamonds production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Industrial Diamonds Exports

Exports from China

In 2021, shipments abroad of industrial diamonds, dust and powder of precious or semi-precious stones increased by X% to X tons, rising for the second year in a row after two years of decline. In general, total exports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, industrial diamonds exports fell to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons), the United States (X tons) and Ireland (X tons) were the main destinations of industrial diamonds exports from China, together accounting for X% of total exports. South Korea, Hong Kong SAR, Italy, Japan, Spain, Algeria, the UK, Belgium, Russia and Switzerland lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Spain (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), South Korea ($X) and Ireland ($X) appeared to be the largest markets for industrial diamonds exported from China worldwide, together accounting for X% of total exports. The United States, Hong Kong SAR, Japan, Italy, Belgium, Switzerland, Spain, the UK, Russia and Algeria lagged somewhat behind, together comprising a further X the main countries of destination, Spain, with a CAGR of +X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average industrial diamonds export price stood at $X per kg in 2021, declining by -X% against the previous year. Over the period under review, the export price continues to indicate a perceptible downturn. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per kg in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($X per kg), while the average price for exports to Algeria (less than $X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Industrial Diamonds Imports

Imports into China

Industrial diamonds imports into China dropped to X tons in 2021, shrinking by -X% on the previous year. In general, imports, however, showed a prominent expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, industrial diamonds imports contracted notably to $X in 2021. Over the period under review, imports recorded a slight downturn. The pace of growth appeared the most rapid in 2017 when imports increased by X%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Ireland (X tons), the United States (X tons) and France (X tons) were the main suppliers of industrial diamonds imports to China, with a combined X% share of total imports. These countries were followed by Thailand and South Korea, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X) constituted the largest supplier of industrial diamonds to China, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Ireland stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and South Korea (-X% per year).

Import Prices by Country

The average industrial diamonds import price stood at $X per kg in 2021, falling by -X% against the previous year. Overall, the import price showed a deep downturn. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per kg in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per kg), while the price for France (less than $X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-X%), while the prices for the other major suppliers experienced a decline.

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Source: IndexBox Platform

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