Report Western Africa - Industrial Diamonds, Dust and Powder of Precious or Semi-Precious Stones - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Apr 1, 2024

Western Africa - Industrial Diamonds, Dust and Powder of Precious or Semi-Precious Stones - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Industrial Diamonds Market 2022

Industrial Diamonds Market Size in Western Africa

The West African industrial diamonds market rose remarkably to $X in 2021, growing by X% against the previous year. Over the period under review, consumption showed resilient growth. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Industrial Diamonds Production in Western Africa

In value terms, industrial diamonds production totaled $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Industrial Diamonds Exports

Exports in Western Africa

After two years of decline, overseas shipments of industrial diamonds, dust and powder of precious or semi-precious stones increased by X% to X tons in 2021. Overall, exports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2018 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, industrial diamonds exports soared to $X in 2021. In general, exports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Sierra Leone (X tons) was the largest exporter of industrial diamonds, dust and powder of precious or semi-precious stones, comprising X% of total exports. It was distantly followed by Guinea (X tons), Ghana (X tons) and Nigeria (X tons), together making up a X% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to industrial diamonds exports from Sierra Leone stood at -X%. At the same time, Guinea (+X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +X% from 2012-2021. By contrast, Ghana (-X%) and Nigeria (-X%) illustrated a downward trend over the same period. Sierra Leone (+X p.p.) and Guinea (+X p.p.) significantly strengthened its position in terms of the total exports, while Ghana and Nigeria saw its share reduced by -X% and -X% from 2012 to 2021, respectively.

In value terms, the largest industrial diamonds supplying countries in Western Africa were Nigeria ($X), Sierra Leone ($X) and Guinea ($X), with a combined X% share of total exports.

Among the main exporting countries, Guinea, 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 mixed trends in the exports figures.

Export Prices by Country

The export price in Western Africa stood at $X per kg in 2021, waning by -X% against the previous year. Overall, the export price, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, the export price attained the peak level of $X per kg, and then declined significantly in the following year.

Prices varied noticeably by the country of origin: the country with the highest price was Nigeria ($X per kg), while Sierra Leone ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+X%), while the other leaders experienced more modest paces of growth.

Industrial Diamonds Imports

Imports in Western Africa

In 2021, approx. X tons of industrial diamonds, dust and powder of precious or semi-precious stones were imported in Western Africa; surging by X% compared with the previous year's figure. Over the period under review, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, industrial diamonds imports declined rapidly to $X in 2021. In general, imports continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then shrank rapidly in the following year.

Imports by Country

Nigeria (X tons) and Burkina Faso (X tons) prevails in imports structure, together comprising X% of total imports. It was distantly followed by Ghana (X tons), making up an X% share of total imports.

From 2012 to 2021, the biggest increases were in Ghana (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) constitutes the largest market for imported industrial diamonds, dust and powder of precious or semi-precious stones in Western Africa, comprising X% of total imports. The second position in the ranking was held by Nigeria ($X), with a X% share of total imports.

In Ghana, industrial diamonds imports expanded at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Nigeria (-X% per year) and Burkina Faso (+X% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per kg, shrinking by -X% against the previous year. Over the period under review, the import price faced a abrupt decrease. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The level of import peaked at $X per kg in 2020, and then fell sharply in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was Ghana ($X per kg), while Burkina Faso (less than $X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were Nigeria, Burkina Faso and Sierra Leone, together accounting for 81% of total consumption.
The countries with the highest volumes of in 2021 were Sierra Leone, Cote d'Ivoire and Nigeria, with a combined 98% share of total production.
In value terms, Nigeria, Sierra Leone and Guinea were the countries with the highest levels of exports in 2021, together comprising 90% of total exports.
In value terms, Ghana constitutes the largest market for imported industrial diamonds, dust and powder of precious or semi-precious stones in Western Africa, comprising 82% of total imports. The second position in the ranking was taken by Nigeria, with a 16% share of total imports.
The export price in Western Africa stood at $1.1 per kg in 2021, shrinking by -33.7% against the previous year.
In 2021, the import price in Western Africa amounted to $0.1 per kg, declining by -84.2% against the previous year.

This report provides an in-depth analysis of the industrial diamonds market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 32121200 - Industrial diamonds, worked, dust and powder of natural or synthetic precious or semi-precious stones

Country coverage:

  • Benin
  • Burkina Faso
  • Cabo Verde
  • Cote d'Ivoire
  • Gambia
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Liberia
  • Mali
  • Mauritania
  • Niger
  • Nigeria
  • Saint Helena, Ascension and Tristan da Cunha
  • Senegal
  • Sierra Leone
  • Togo

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Western Africa, split by region and country
  • Trade (exports and imports) in Western Africa
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Benin
    • Burkina Faso
    • Cabo Verde
    • Gambia
    • Ghana
    • Guinea
    • Guinea-Bissau
    • Liberia
    • Mali
    • Mauritania
    • Niger
    • Nigeria
    • Saint Helena, Ascension and Tristan da Cunha
    • Senegal
    • Sierra Leone
    • Togo
    • Cote d'Ivoire
  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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