Denmark: Diamond Market Overview 2020

Diamond Market Size in Denmark

The revenue of the diamond market in Denmark amounted to $X in 2018, lowering by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, diamond consumption continues to indicate a deep downturn. The pace of growth was the most pronounced in 2014 when the market value increased by X% against the previous year. Diamond consumption peaked at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Diamond Exports

Exports from Denmark

In 2018, the amount of diamonds and other precious stones (unworked) exported from Denmark amounted to X tonnes, going up by X% against the previous year. In general, diamond exports, however, continue to indicate an abrupt contraction. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, diamond exports reached their maximum at X tonnes in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, diamond exports stood at $X in 2018. Overall, diamond exports, however, continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by X% y-o-y. Exports peaked at $X in 2008; however, from 2009 to 2018, exports remained at a lower figure.

Exports by Country

China (X kg) was the main destination for diamond exports from Denmark, with a X% share of total exports. Moreover, diamond exports to China exceeded the volume sent to the second major destination, Norway (X kg), fivefold. Thailand (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to China stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-X% per year) and Thailand (-X% per year).

In value terms, Thailand ($X) remains the key foreign market for diamond exports from Denmark, comprising X% of total diamond exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Thailand stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and Switzerland (-X% per year).

Export Prices by Country

The average diamond export price stood at $X per tonne in 2018, waning by -X% against the previous year. Overall, the diamond export price continues to indicate a drastic decrease. The growth pace was the most rapid in 2008 an increase of X% year-to-year. In that year, the average export prices for diamonds and other precious stones (unworked) attained their peak level of $X per tonne. From 2009 to 2018, the growth in terms of the average export prices for diamonds and other precious stones (unworked) remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Thailand ($X per tonne), while the average price for exports to Norway ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to India, while the prices for the other major destinations experienced more modest paces of growth.

Diamond Imports

Imports into Denmark

In 2018, the imports of diamonds and other precious stones (unworked) into Denmark stood at X tonnes, declining by -X% against the previous year. Overall, diamond imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X% y-o-y. Over the period under review, diamond imports attained their maximum at X tonnes in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

In value terms, diamond imports totaled $X in 2018. Over the period under review, diamond imports continue to indicate a drastic shrinkage. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. Imports peaked at $X in 2008; however, from 2009 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X tonnes) constituted the largest supplier of diamond to Denmark, accounting for a X% share of total imports. Moreover, diamond imports from the U.S. exceeded the figures recorded by the second-largest supplier, India (X kg), threefold. The third position in this ranking was occupied by Belgium (X kg), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from the U.S. totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Belgium (+X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of diamond to Denmark, comprising X% of total diamond imports. The second position in the ranking was occupied by China, Hong Kong SAR ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2007 to 2018, the average annual growth rate of value from the U.S. amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China, Hong Kong SAR (+X% per year) and India (+X% per year).

Import Prices by Country

The average diamond import price stood at $X per tonne in 2018, surging by X% against the previous year. Over the period under review, the diamond import price, however, continues to indicate an abrupt deduction. The most prominent rate of growth was recorded in 2018 an increase of X% year-to-year. The import price peaked at $X per tonne in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was China, Hong Kong SAR ($X per tonne), while the price for Brazil ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Czech Republic, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform