Thailand: Industrial Diamonds Market 2022

Industrial Diamonds Market Size in Thailand

The Thai industrial diamonds market contracted significantly to $X in 2021, which is down by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, posted a resilient increase. As a result, consumption reached the peak level of $X, and then reduced sharply in the following year.

Industrial Diamonds Exports

Exports from Thailand

Industrial diamonds exports from Thailand soared to X tons in 2021, with an increase of X% on 2020. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial diamonds exports skyrocketed to $X in 2021. Over the period under review, exports showed a buoyant expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Egypt (X tons) was the main destination for industrial diamonds exports from Thailand, accounting for a X% share of total exports. Moreover, industrial diamonds exports to Egypt exceeded the volume sent to the second major destination, the United States (X tons), sevenfold. Indonesia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Egypt was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Indonesia (+X% per year).

In value terms, the largest markets for industrial diamonds exported from Thailand were the United States ($X), the United Arab Emirates ($X) and Hong Kong SAR ($X), together comprising X% of total exports.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average industrial diamonds export price amounted to less than $X per kg, dropping by -X% against the previous year. In general, the export price faced a abrupt slump. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per kg in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($X per kg), while the average price for exports to Egypt (less than $X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Diamonds Imports

Imports into Thailand

In 2021, the amount of industrial diamonds, dust and powder of precious or semi-precious stones imported into Thailand reduced dramatically to X tons, which is down by -X% against the previous year's figure. In general, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of X tons, and then fell remarkably in the following year.

In value terms, industrial diamonds imports surged to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of industrial diamonds to Thailand, with a X% share of total imports. Moreover, industrial diamonds imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), tenfold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and Germany (+X% per year).

In value terms, the largest industrial diamonds suppliers to Thailand were China ($X), Germany ($X) and the United States ($X), with a combined X% share of total imports.

In terms of the main suppliers, China, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average industrial diamonds import price stood at $X per ton in 2021, growing by X% against the previous year. In general, the import price, however, showed a abrupt shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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