Argentina: Diamond Market 2024

Diamond Market Size in Argentina

The Argentinian diamond market fell dramatically to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption saw a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Diamond Production in Argentina

In value terms, diamond production totaled $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 indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Diamond Exports

Exports from Argentina

In 2022, diamond exports from Argentina surged to X tons, with an increase of X% against 2021. Overall, exports posted a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, diamond exports surged to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons), Brazil (X tons) and Hong Kong SAR (X tons) were the main destinations of diamond exports from Argentina, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) remains the key foreign market for diamonds and other precious stones (unworked) exports from Argentina, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the United States (X% per year).

Export Prices by Country

The average diamond export price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the export price recorded a deep slump. The pace of growth was the most pronounced in 2015 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Mexico ($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 Brazil (X%), while the prices for the other major destinations experienced a decline.

Diamond Imports

Imports into Argentina

For the third consecutive year, Argentina recorded growth in overseas purchases of diamonds and other precious stones (unworked), which increased by X% to X tons in 2022. In general, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, diamond imports soared to $X in 2022. Over the period under review, imports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) was the main diamond supplier to Argentina, accounting for a X% share of total imports. It was followed by China (X tons), with a X% share of total imports. The third position in this ranking was held by Morocco (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Morocco (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of diamonds and other precious stones (unworked) to Argentina, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Morocco, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Morocco (X% per year).

Import Prices by Country

The average diamond import price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price recorded a deep reduction. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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 Spain ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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