Report Update Apr 1, 2024

Kuwait - Industrial Diamonds, Dust and Powder of Precious or Semi-Precious Stones - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Industrial Diamonds Market 2022

Industrial Diamonds Market Size in Kuwait

In 2021, the Kuwaiti industrial diamonds market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, showed a pronounced setback. Industrial diamonds consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Industrial Diamonds Production in Kuwait

In value terms, industrial diamonds production fell slightly to $X in 2021 estimated in export price. In general, the total production indicated a notable expansion from 2012 to 2021: its value 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, production decreased by -X% against 2017 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Industrial Diamonds Exports

Exports from Kuwait

For the fourth year in a row, Kuwait recorded growth in shipments abroad of industrial diamonds, dust and powder of precious or semi-precious stones, which increased by X% to X tons in 2021. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, industrial diamonds exports surged to $X in 2021. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Saudi Arabia (X tons) was the main destination for industrial diamonds exports from Kuwait, accounting for a approx. X% share of total exports.

From 2012 to 2017, the average annual growth rate of volume to Saudi Arabia was relatively modest.

From 2012 to 2017, the average annual growth rate of value to Saudi Arabia was relatively modest.

Export Prices by Country

The average industrial diamonds export price stood at $X per kg in 2017, growing by X% against the previous year. In general, the export price continues to indicate a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2017, the rate of growth in terms of prices for Saudi Arabia amounted to X% per year.

Industrial Diamonds Imports

Imports into Kuwait

In 2021, purchases abroad 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 four years of decline. Over the period under review, imports continue to indicate a significant expansion. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, industrial diamonds imports surged to $X in 2021. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest industrial diamonds supplier to Kuwait, with a X% share of total imports. Moreover, industrial diamonds imports from India exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from India amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and China (-X% per year).

In value terms, India ($X) constituted the largest supplier of industrial diamonds to Kuwait, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from India totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and China (-X% per year).

Import Prices by Country

The average industrial diamonds import price stood at $X per kg in 2021, waning by -X% against the previous year. In general, the import price recorded a noticeable decline. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The import price peaked at $X per kg in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per kg), while the price for the United States ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced a decline.

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Frequently Asked Questions (FAQ) :

What are the largest markets for industrial diamonds, dust and powder of precious or semi-precious stones in the world?

Thailand constituted the country with the largest volume of industrial diamonds consumption, comprising approx. 81% of total volume. Moreover, industrial diamonds consumption in Thailand exceeded the figures recorded by the second-largest consumer, China, more than tenfold. The third position in this ranking was held by South Korea, with a 2.4% share.

What are the largest producers of industrial diamonds, dust and powder of precious or semi-precious stones in the world?

The country with the largest volume of industrial diamonds production was China, comprising approx. 83% of total volume. Moreover, industrial diamonds production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. Central African Republic ranked third in terms of total production with a 2.8% share.

What are the leading suppliers of industrial diamonds, dust and powder of precious or semi-precious stones to Kuwait?

In value terms, India constituted the largest supplier of industrial diamonds to Kuwait, comprising 58% of total imports. The second position in the ranking was taken by the United States, with a 12% share of total imports.

What is the average export price for industrial diamonds, dust and powder of precious or semi-precious stones in Kuwait?

The average industrial diamonds export price stood at $9.4 per kg in 2017, rising by 1,629% against the previous year.

What is the average import price for industrial diamonds, dust and powder of precious or semi-precious stones in Kuwait?

The average industrial diamonds import price stood at $1.5 per kg in 2021, dropping by -25.6% against the previous year.

This report provides an in-depth analysis of the industrial diamonds market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32121200 - Industrial diamonds, worked, dust and powder of natural or synthetic precious or semi-precious stones

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023