Tunisia: Diamond Market 2024

Diamond Market Size in Tunisia

The Tunisian diamond market amounted to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Diamond Production in Tunisia

In value terms, diamond production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Diamond Exports

Exports from Tunisia

In 2022, the amount of diamonds and other precious stones (unworked) exported from Tunisia dropped remarkably to X tons, which is down by X% compared with 2021. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, diamond exports reduced rapidly to $X in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced markedly in the following year.

Exports by Country

The Czech Republic (X tons) was the main destination for diamond exports from Tunisia, with a X% share of total exports. Moreover, diamond exports to the Czech Republic exceeded the volume sent to the second major destination, Italy (X kg), threefold. Spain (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Spain (X% per year).

In value terms, the largest markets for diamond exported from Tunisia were the Czech Republic ($X), China ($X) and Italy ($X), together accounting for X% of total exports.

In terms of the main countries of destination, the Czech Republic, with a CAGR of X%, recorded the highest growth rate of 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 2022, the average diamond export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2021, and then shrank remarkably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Diamond Imports

Imports into Tunisia

After four years of decline, purchases abroad of diamonds and other precious stones (unworked) decreased by X% to X kg in 2022. Overall, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, diamond imports plummeted to $X in 2022. In general, imports, however, enjoyed prominent growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

India (X kg), Belgium (X kg) and Italy (X kg) were the main suppliers of diamond imports to Tunisia, together accounting for X% of total imports.

From 2014 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, Belgium ($X), India ($X) and Italy ($X) were the largest diamond suppliers to Tunisia, with a combined X% share of total imports.

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

Import Prices by Country

The average diamond import price stood at $X per kg in 2022, increasing by X% against the previous year. In general, the import price saw a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per kg), while the price for France ($X per kg) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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