Latin America and the Caribbean: Non-Industrial Diamond Market 2022

Production By Country in Latin America and the Caribbean

The countries with the highest volumes of non-industrial diamond production in 2020 were Brazil (X tons) and Guyana (X tons).

From 2007 to 2020, the biggest increases were in Brazil (-X%).

Non-Industrial Diamond Exports

Exports in Latin America and the Caribbean

In 2020, non-industrial diamond exports in Latin America and the Caribbean contracted significantly to X kg, falling by -X% compared with the previous year's figure. Over the period under review, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2011 when exports increased by X% y-o-y. As a result, the exports reached the peak of X tons. From 2012 to 2020, the growth of the exports remained at a lower figure.

In value terms, non-industrial diamond exports dropped significantly to $X in 2020. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Brazil represented the major exporter of non-industrial diamonds in Latin America and the Caribbean, with the volume of exports reaching X kg, which was near X% of total exports in 2020. It was distantly followed by Guyana (X kg), committing a X% share of total exports. Mexico (X kg) took a little share of total exports.

From 2007 to 2020, average annual rates of growth with regard to non-industrial diamond exports from Brazil stood at -X%. At the same time, Mexico (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. By contrast, Guyana (-X%) illustrated a downward trend over the same period. While the share of Brazil (+X p.p.) and Mexico (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Guyana (-X p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest non-industrial diamond supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Guyana ($X), with a X% share of total exports.

In Brazil, non-industrial diamond exports expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Guyana (-X% per year) and Mexico (+X% per year).

Export Prices by Country

In 2020, the non-industrial diamond export price in Latin America and the Caribbean amounted to $X per kg, rising by X% against the previous year. Overall, the export price showed a resilient increase. The pace of growth was the most pronounced in 2012 when the export price increased by X% y-o-y. The level of export peaked in 2020 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($X per kg), while Guyana ($X per kg) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Brazil (+X%), while the other leaders experienced more modest paces of growth.

Non-Industrial Diamond Imports

Imports in Latin America and the Caribbean

In 2020, approx. X tons of non-industrial diamonds were imported in Latin America and the Caribbean; falling by -X% compared with 2019 figures. Overall, imports saw a significant curtailment. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. The volume of import peaked at X tons in 2007; however, from 2008 to 2020, imports failed to regain momentum.

In value terms, non-industrial diamond imports shrank dramatically to $X in 2020. Over the period under review, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2010; however, from 2011 to 2020, imports remained at a lower figure.

Imports by Country

Chile represented the key importer of non-industrial diamonds in Latin America and the Caribbean, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2020. Aruba (X tons) held the second position in the ranking, followed by Ecuador (X tons) and Trinidad and Tobago (X tons). All these countries together held approx. X% share of total imports. The following importers - Grenada (X tons), Bolivia (X tons) and Paraguay (X tons) - together made up X% of total imports.

From 2007 to 2020, average annual rates of growth with regard to non-industrial diamond imports into Chile stood at +X%. At the same time, Ecuador (+X%), Trinidad and Tobago (+X%), Grenada (+X%) and Bolivia (+X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. By contrast, Paraguay (-X%) and Aruba (-X%) illustrated a downward trend over the same period. Chile (+X p.p.), Aruba (+X p.p.), Ecuador (+X p.p.), Trinidad and Tobago (+X p.p.), Grenada (+X p.p.), Bolivia (+X p.p.) and Paraguay (+X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Aruba ($X) constitutes the largest market for imported non-industrial diamonds in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by Chile ($X), with a X% share of total imports. It was followed by Trinidad and Tobago, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Aruba stood at -X%. In the other countries, the average annual rates were as follows: Chile (+X% per year) and Trinidad and Tobago (-X% per year).

Import Prices by Country

In 2020, the non-industrial diamond import price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price saw a significant increase. The most prominent rate of growth was recorded in 2008 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2009 to 2020, the import prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Aruba ($X per ton), while Grenada ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Paraguay (+X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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