SADC: Industrial Diamond Market 2023

Industrial Diamond Market Size in SADC

The SADC industrial diamond market soared to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption saw strong growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Industrial Diamond Production in SADC

In value terms, industrial diamond production expanded markedly to $X in 2022 estimated in export price. Overall, production saw a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The level of production peaked 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. Overall, exports saw a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of 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 lower figure.

In value terms, industrial diamond exports skyrocketed to $X in 2022. Total exports indicated a prominent 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, 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) was the key 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) held a relatively small share of total exports.

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. While the share of Botswana (X p.p.), Zimbabwe (X p.p.), South Africa (X p.p.) and Democratic Republic of the Congo (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Angola (X p.p.) displayed negative dynamics.

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

In Angola, industrial diamond exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: 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, surging by X% against the previous year. In general, the export price recorded a modest expansion. The pace of growth was the most pronounced in 2019 an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: 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

After three years of growth, overseas purchases of diamonds (industrial) decreased by X% to X carats in 2022. In general, imports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. 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 soared to $X in 2022. Overall, imports, however, recorded a remarkable increase. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Botswana represented the main importer of diamonds (industrial) in SADC, with the volume of imports reaching X carats, which was near X% of total imports in 2022. It was distantly followed by South Africa (X carats), generating 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. While the share of Botswana (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics.

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

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

Import Prices by Country

In 2022, the import price in SADC amounted to $X per kg, rising by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 stood at $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

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