Scandinavia: Diamond Market 2024

Diamond Market Size in Scandinavia

In 2022, the Scandinavia diamond market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption, however, enjoyed a measured increase. As a result, consumption attained the peak level of $X, and then dropped notably in the following year.

Diamond Production in Scandinavia

In value terms, diamond production reached $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Diamond Exports

Exports in Scandinavia

In 2022, the amount of diamonds and other precious stones (unworked) exported in Scandinavia soared to X kg, growing by X% on the previous year. Overall, exports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, diamond exports dropped sharply to $X in 2022. In general, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Norway (X kg) and Finland (X kg) represented the main exporters of diamonds and other precious stones (unworked) in 2022, recording approx. X% and X% of total exports, respectively. It was distantly followed by Sweden (X kg), generating a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Norway (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest diamond supplying countries in Scandinavia were Norway ($X), Finland ($X) and Sweden ($X).

Among the main exporting countries, Norway, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, dropping by X% against the previous year. Overall, the export price, however, recorded a resilient increase. The growth pace was the most rapid in 2017 an increase of X%. The level of export peaked at $X per ton in 2021, and then dropped remarkably in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced more modest paces of growth.

Diamond Imports

Imports in Scandinavia

In 2022, the amount of diamonds and other precious stones (unworked) imported in Scandinavia reduced sharply to X tons, shrinking by X% compared with 2021. Over the period under review, imports, however, continue to indicate a perceptible expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then declined remarkably in the following year.

In value terms, diamond imports stood at $X in 2022. Overall, imports, however, recorded a modest expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Norway represented the main importer of diamonds and other precious stones (unworked) in Scandinavia, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by Sweden (X tons), making up a X% share of total imports. Finland (X kg) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constitutes the largest market for imported diamonds and other precious stones (unworked) in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Norway ($X), with a X% share of total imports.

In Sweden, diamond imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Norway (X% per year) and Finland (X% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, saw a noticeable downturn. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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