SADC: Industrial Diamond Market 2024

Industrial Diamond Market Size in SADC

The SADC industrial diamond market skyrocketed to $X in 2022, growing by X% against the previous year. In general, consumption enjoyed a resilient increase. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Industrial Diamond Production in SADC

In value terms, industrial diamond production amounted to $X in 2022 estimated in export price. Over the period under review, production saw significant growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Industrial Diamond Exports

Exports in SADC

In 2022, after three years of decline, there was significant growth in overseas shipments of diamonds (industrial), when their volume increased by X% to X carats. In general, exports recorded prominent growth. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X carats. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, industrial diamond exports skyrocketed to $X in 2022. Total exports indicated a resilient expansion 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, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Angola (X carats) represented the major exporter of diamonds (industrial), generating X% of total exports. Botswana (X carats) took the second position in the ranking, followed by Zimbabwe (X carats) and South Africa (X carats). All these countries together held approx. X% share of total exports. Democratic Republic of the Congo (X carats) followed a long way behind the leaders.

Angola experienced a relatively flat trend pattern with regard to volume of exports of diamonds (industrial). At the same time, Botswana (X%), Zimbabwe (X%), Democratic Republic of the Congo (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Botswana, Zimbabwe, South Africa and Democratic Republic of the Congo increased by X, X, X and X percentage points, respectively.

In value terms, Angola ($X) remains the largest industrial diamond supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Zimbabwe ($X), with a X% share of total exports. It was followed by South Africa, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Angola totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Zimbabwe (X% per year) and South Africa (X% per year).

Export Prices by Country

The export price in SADC stood at $X per kg in 2022, increasing by X% against the previous year. Overall, the export price enjoyed modest growth. The growth pace was the most rapid in 2019 when the export price increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per kg), while Botswana ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Angola (X%), while the other leaders experienced mixed trends in the export price figures.

Industrial Diamond Imports

Imports in SADC

In 2022, after three years of growth, there was significant decline in supplies from abroad of diamonds (industrial), when their volume decreased by X% to X carats. In general, imports, however, recorded a resilient increase. The growth pace was the most rapid in 2015 when imports increased by X%. As a result, imports attained the peak of X carats. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, industrial diamond imports surged to $X in 2022. Overall, imports, however, saw resilient growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Botswana (X carats) was the largest importer of diamonds (industrial), generating X% of total imports. It was distantly followed by South Africa (X carats), comprising a X% share of total imports.

Botswana was also the fastest-growing in terms of the diamonds (industrial) imports, with a CAGR of X% from 2012 to 2022. At the same time, South Africa (X%) displayed positive paces of growth. Botswana (X p.p.) significantly strengthened its position in terms of the total imports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Botswana ($X) constitutes the largest market for imported diamonds (industrial) in SADC, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports.

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

Import Prices by Country

The import price in SADC stood at $X per kg in 2022, picking up by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per kg), while Botswana amounted to $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :