Estonia: Diamond Market 2020

Diamond Market Size in Estonia

The revenue of the diamond market in Estonia amounted to $X in 2018, remaining relatively unchanged against the previous year. Over the period under review, diamond consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Estonia diamond consumption peaked in 2018 and is likely to continue its growth in the immediate term.

Diamond Production in Estonia

In value terms, diamond production amounted to $X in 2018 estimated in export prices. Overall, diamond production continues to indicate skyrocketing growth. The pace of growth appeared the most rapid in 2011 when production volume increased by X% y-o-y. Over the period under review, diamond production reached its peak figure level in 2018 and is likely to see steady growth in the immediate term.

Diamond Exports

Exports from Estonia

In 2018, the exports of diamonds and other precious stones (unworked) from Estonia totaled X kg, lowering by -X% against the previous year. In general, diamond exports continue to indicate a moderate shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. In that year, diamond exports reached their peak of X kg, and then declined slightly in the following year.

In value terms, diamond exports totaled $X in 2018. Overall, diamond exports continue to indicate a dramatic decrease. The pace of growth was the most pronounced in 2018 when exports increased by X% year-to-year. Estonia exports peaked at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, Brazil (X tons), Uruguay (X tons), China, Hong Kong SAR (X tons), Madagascar (X tons) and South Africa (X tons) represented the major exporters of diamonds and other precious stones (unworked) in the world, generating X% of total export. It was distantly followed by Mozambique (X tons) and Myanmar (X tons), together achieving a X% share of total exports. Mexico (X tons), India (X tons) and Singapore (X tons) held a relatively small share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by India, while the other leaders experienced more modest paces of growth.

In value terms, the largest diamond markets from Estonia were China, Hong Kong SAR ($X), India ($X) and South Africa ($X), together accounting for X% of total exports. Singapore, Myanmar, Brazil, Mozambique, Madagascar, Uruguay, Mexico and Estonia lagged somewhat behind, together accounting for a further X recorded the highest growth rate of exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the diamond export price in Estonia amounted to $X per ton, picking up by X% against the previous year. Overall, the diamond export price, however, continues to indicate an abrupt decrease. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. Over the period under review, the export prices for diamonds and other precious stones (unworked) attained their maximum at $X per ton in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was India ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Myanmar, while the other leaders experienced mixed trends in the export price figures.

Diamond Imports

Imports into Estonia

In 2018, the diamond imports into Estonia totaled X kg, dropping by -X% against the previous year. Overall, diamond imports continue to indicate a drastic curtailment. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, diamond imports reached their maximum at X tons in 2017, and then declined slightly in the following year.

In value terms, diamond imports stood at $X in 2018. Overall, diamond imports continue to indicate perceptible growth. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. In that year, diamond imports reached their peak of $X. From 2012 to 2018, the growth of diamond imports failed to regain its momentum.

Imports by Country

China prevails in diamond imports structure, finishing at X tons, which was approx. X% of total imports in 2018. It was distantly followed by China, Hong Kong SAR (X tons) and India (X tons), together constituting a X% share of total imports. The U.S. (X tons), Brazil (X tons), Thailand (X tons) and South Africa (X tons) held a little share of total imports.

From 2007 to 2018, average annual rates of growth with regard to diamond imports into China stood at -X%. At the same time, India (+X%), Brazil (+X%) and South Africa (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, the U.S. (-X%), Thailand (-X%) and China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of India and Brazil increased by +X% and +X% percentage points, while China, Hong Kong SAR (-X p.p.) and China (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported diamonds and other precious stones (unworked) into Estonia, comprising X% of global imports. The second position in the ranking was occupied by China, Hong Kong SAR ($X), with a X% share of global imports. It was followed by China, with a X% share.

In India, diamond imports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: China, Hong Kong SAR (+X% per year) and China (-X% per year).

Import Prices by Country

In 2018, the diamond import price in Estonia amounted to $X per ton, going up by X% against the previous year. In general, the diamond import price continues to indicate a prominent increase. The growth pace was the most rapid in 2011 an increase of X% year-to-year. Estonia import price peaked at $X per ton in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was India ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform