MERCOSUR: Industrial Diamond Market 2023

Industrial Diamond Market Size in MERCOSUR

The MERCOSUR industrial diamond market reduced dramatically to $X in 2022, with a decrease of X% against the previous year. Overall, consumption recorded a sharp setback. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Industrial Diamond Production in MERCOSUR

In value terms, industrial diamond production contracted rapidly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Industrial Diamond Exports

Exports in MERCOSUR

In 2022, exports of diamonds (industrial) in MERCOSUR surged to X carats, rising by X% on the year before. Overall, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X carats. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, industrial diamond exports surged to $X in 2022. Over the period under review, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Brazil (X carats), together recording X% of total export.

Brazil was also the fastest-growing in terms of the diamonds (industrial) exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest industrial diamond supplier in MERCOSUR.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to X%.

Export Prices by Country

The export price in MERCOSUR stood at $X per kg in 2022, falling by X% against the previous year. Overall, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per kg in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to X% per year.

Industrial Diamond Imports

Imports in MERCOSUR

Industrial diamond imports declined dramatically to X carats in 2022, dropping by X% against 2021 figures. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X carats in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, industrial diamond imports plummeted to $X in 2022. In general, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the one major importers of diamonds (industrial), namely Brazil, represented more than two-thirds of total import.

Brazil was also the fastest-growing in terms of the diamonds (industrial) imports, with a CAGR of X% from 2012 to 2022. Brazil (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, Brazil ($X) constitutes the largest market for imported diamonds (industrial) in MERCOSUR.

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

Import Prices by Country

The import price in MERCOSUR stood at $X per kg in 2022, growing by X% against the previous year. In general, the import price saw a buoyant increase. The growth pace was the most rapid in 2014 when the import price increased by X%. The level of import peaked at $X per kg in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to X% per year.

Source: IndexBox Platform

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