Africa: Industrial Diamonds Market 2022

Industrial Diamonds Market Size in Africa

The African industrial diamonds market shrank to $X in 2021, approximately reflecting the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Industrial Diamonds Production in Africa

In value terms, industrial diamonds production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Industrial Diamonds Exports

Exports in Africa

In 2021, the amount of industrial diamonds, dust and powder of precious or semi-precious stones exported in Africa shrank slightly to X tons, with a decrease of -X% on the year before. Over the period under review, exports faced a precipitous slump. The growth pace was the most rapid in 2014 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, industrial diamonds exports dropped dramatically to $X in 2021. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, South Africa (X tons) represented the key exporter of industrial diamonds, dust and powder of precious or semi-precious stones, constituting X% of total exports. Tanzania (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Cameroon (X%). The following exporters - Sierra Leone (X tons) and Ethiopia (X tons) - together made up X% of total exports.

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

In value terms, Tanzania ($X) remains the largest industrial diamonds supplier in Africa, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports. It was followed by Ethiopia, with a X% share.

From 2012 to 2021, the average annual growth rate of value in Tanzania totaled +X%. In the other countries, the average annual rates were as follows: South Africa (-X% per year) and Ethiopia (+X% per year).

Export Prices by Country

The export price in Africa stood at $X per kg in 2021, declining by -X% against the previous year. Overall, the export price, however, posted a significant expansion. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per kg in 2020, and then dropped markedly in the following year.

Prices varied noticeably by the country of origin: the country with the highest price was Tanzania ($X per kg), while Cameroon (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 Ethiopia (+X%), while the other leaders experienced more modest paces of growth.

Industrial Diamonds Imports

Imports in Africa

In 2021, approx. X tons of industrial diamonds, dust and powder of precious or semi-precious stones were imported in Africa; with a decrease of -X% compared with 2020 figures. Overall, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, industrial diamonds imports surged to $X in 2021. In general, imports saw a deep contraction. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

South Africa represented the main importing country with an import of about X tons, which resulted at X% of total imports. It was distantly followed by Egypt (X tons), constituting a X% share of total imports. Nigeria (X tons), Mauritius (X tons), Tunisia (X tons) and Burkina Faso (X tons) held a minor share of total imports.

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

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

From 2012 to 2021, the average annual growth rate of value in Egypt totaled +X%. In the other countries, the average annual rates were as follows: Mauritius (-X% per year) and South Africa (-X% per year).

Import Prices by Country

In 2021, the import price in Africa amounted to $X per kg, surging by X% against the previous year. Overall, the import price recorded a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Mauritius ($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 Egypt (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :