India: Industrial Diamond Market 2024

Industrial Diamond Market Size in India

The Indian industrial diamond market expanded sharply to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption enjoyed prominent growth. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Industrial Diamond Production in India

In value terms, industrial diamond production shrank to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep slump. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Industrial diamond production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Industrial Diamond Exports

Exports from India

In 2022, after three years of growth, there was significant decline in shipments abroad of diamonds (industrial), when their volume decreased by X% to X carats. Overall, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked at X carats in 2021, and then declined sharply in the following year.

In value terms, industrial diamond exports shrank notably to $X in 2022. In general, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Israel (X carats) was the main destination for industrial diamond exports from India, with a X% share of total exports. Moreover, industrial diamond exports to Israel exceeded the volume sent to the second major destination, China (X carats), twofold. Ireland (X carats) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Israel amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Ireland (X% per year).

In value terms, the United Arab Emirates ($X), China ($X) and Belgium ($X) appeared to be the largest markets for industrial diamond exported from India worldwide, with a combined X% share of total exports.

The United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average industrial diamond export price amounted to $X per kg, shrinking by X% against the previous year. Over the period under review, the export price showed a perceptible setback. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per kg. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per kg), while the average price for exports to Israel ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced a decline.

Industrial Diamond Imports

Imports into India

In 2022, imports of diamonds (industrial) into India skyrocketed to X carats, rising by X% on 2021. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, industrial diamond imports surged to $X in 2022. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Belgium (X carats), the United Arab Emirates (X carats) and Russia (X carats) were the main suppliers of industrial diamond imports to India, together comprising X% of total imports. Israel and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Israel (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial diamond suppliers to India were the United Arab Emirates ($X), Belgium ($X) and Russia ($X), with a combined X% share of total imports. Israel and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Israel, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average industrial diamond import price stood at $X per kg in 2022, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2014 an increase of X%. The import price peaked at $X per kg in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per kg), while the price for Israel ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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