Kazakhstan: Diamond Market 2024

Diamond Market Size in Kazakhstan

In 2022, the Kazakh diamond market increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, the total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Diamond Production in Kazakhstan

In value terms, diamond production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

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Diamond Exports

Exports from Kazakhstan

Diamond exports from Kazakhstan shrank markedly to X tons in 2022, waning by X% compared with 2021. Over the period under review, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, diamond exports amounted to $X in 2022. In general, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2015 when exports increased by X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons), Hong Kong SAR (X tons) and Germany (X tons) were the main destinations of diamond exports from Kazakhstan, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, China ($X) remains the key foreign market for diamonds and other precious stones (unworked) exports from Kazakhstan, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Germany (X% per year).

Export Prices by Country

The average diamond export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a mild decline. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

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

Diamond Imports

Imports into Kazakhstan

In 2022, overseas purchases of diamonds and other precious stones (unworked) increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, diamond imports soared to $X in 2022. Overall, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 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

In 2022, Russia (X tons) was the main diamond supplier to Kazakhstan, with a X% share of total imports. Moreover, diamond imports from Russia exceeded the figures recorded by the second-largest supplier, Afghanistan (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Russia stood at X%.

In value terms, Russia ($X) constituted the largest supplier of diamonds and other precious stones (unworked) to Kazakhstan, comprising X% of total imports. The second position in the ranking was taken by Afghanistan ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia totaled X%.

Import Prices by Country

The average diamond import price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then shrank significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Afghanistan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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