South-Eastern Asia: Industrial Diamond Market 2024

Industrial Diamond Market Size in South-Eastern Asia

The Southeast Asian industrial diamond market declined to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, recorded a remarkable increase. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Industrial Diamond Production in South-Eastern Asia

In value terms, industrial diamond production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Industrial Diamond Exports

Exports in South-Eastern Asia

In 2022, the amount of diamonds (industrial) exported in South-Eastern Asia dropped rapidly to X carats, waning by X% against the year before. Overall, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X carats in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial diamond exports declined significantly to $X in 2022. Over the period under review, exports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand was the major exporting country with an export of around X carats, which reached X% of total exports. It was distantly followed by Singapore (X carats), generating a X% share of total exports.

Thailand was also the fastest-growing in terms of the diamonds (industrial) exports, with a CAGR of X% from 2012 to 2022. Singapore (X%) illustrated a downward trend over the same period. Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Singapore ($X) remains the largest industrial diamond supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with an X% share of total exports.

In Singapore, industrial diamond exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per kg in 2022, rising by X% against the previous year. Overall, the export price saw resilient growth. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain 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 Singapore ($X per kg), while Thailand amounted to $X per kg.

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

Industrial Diamond Imports

Imports in South-Eastern Asia

In 2022, approx. X carats of diamonds (industrial) were imported in South-Eastern Asia; growing by X% compared with the previous year. Overall, imports posted a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, industrial diamond imports declined to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia prevails in imports structure, accounting for X carats, which was approx. X% of total imports in 2022. Thailand (X carats) and Lao People's Democratic Republic (X carats) took a minor share of total imports.

Indonesia 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, Lao People's Democratic Republic (X%) displayed positive paces of growth. By contrast, Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Indonesia, industrial 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: Thailand (X% per year) and Lao People's Democratic Republic (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per kg, shrinking by X% against the previous year. In general, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. The level of import peaked at $X per kg in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per kg), while Indonesia ($X per kg) was amongst the lowest.

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

Source: IndexBox Platform

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