Eastern Asia: Industrial Diamonds Market 2022

Industrial Diamonds Market Size in Eastern Asia

In 2021, the East Asian industrial diamonds market increased by X% to $X for the first time since 2016, thus ending a four-year declining trend. Overall, consumption, however, recorded a slight contraction. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Industrial Diamonds Production in Eastern Asia

In value terms, industrial diamonds production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Industrial Diamonds Exports

Exports in Eastern Asia

In 2021, overseas shipments 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. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, industrial diamonds exports stood at $X in 2021. Overall, exports, however, recorded a pronounced shrinkage. 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 remained at a lower figure.

Exports by Country

China prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2021. The following exporters - South Korea (X tons) and Hong Kong SAR (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of +X% from 2012 to 2021. At the same time, Hong Kong SAR (+X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +X% from 2012-2021. By contrast, South Korea (-X%) illustrated a downward trend over the same period. China (+X p.p.) significantly strengthened its position in terms of the total exports, while South Korea saw its share reduced by -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest industrial diamonds supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with an X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (-X% per year) and Hong Kong SAR (-X% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per kg, increasing by X% against the previous year. Overall, the export price, however, recorded a perceptible shrinkage. The growth pace was the most rapid in 2016 an increase of X%. The level of export 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 origin: the country with the highest price was Hong Kong SAR ($X per kg), while China ($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 other leaders experienced a decline in the export price figures.

Industrial Diamonds Imports

Imports in Eastern Asia

In 2021, supplies from abroad of industrial diamonds, dust and powder of precious or semi-precious stones increased by X% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated a moderate expansion 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, imports increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, industrial diamonds imports soared to $X in 2021. In general, imports, however, saw a mild slump. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X tons) represented the key importer of industrial diamonds, dust and powder of precious or semi-precious stones, making up X% of total imports. Japan (X tons) ranks second in terms of the total imports with a X% share, followed by China (X%) and Hong Kong SAR (X%).

Imports into South Korea increased at an average annual rate of +X% from 2012 to 2021. At the same time, China (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +X% from 2012-2021. Japan and Hong Kong SAR experienced a relatively flat trend pattern. South Korea (+X p.p.) and China (+X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR and Japan saw its share reduced by -X% and -X% from 2012 to 2021, respectively.

In value terms, South Korea ($X), Japan ($X) and Hong Kong SAR ($X) constituted the countries with the highest levels of imports in 2021, together accounting for X% of total imports.

South Korea, with a CAGR of +X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per kg, increasing by X% against the previous year. Overall, the import price, however, saw a deep contraction. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The level of import peaked 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 importing countries. In 2021, the country with the highest price was Hong Kong SAR ($X per kg), while South Korea ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-X%), while the other leaders experienced a decline in the import price figures.

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Source: IndexBox Platform

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