Asia: Industrial Diamonds Market 2022

Industrial Diamonds Market Size in Asia

The Asian industrial diamonds market surged to $X in 2021, picking up by X% against the previous year. The market value increased at an average annual rate of +X% over the period 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 and is likely to continue growth in the immediate term.

Industrial Diamonds Production in Asia

In value terms, industrial diamonds production expanded sharply to $X in 2021 estimated in export price. The total production indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Industrial Diamonds Exports

Exports in Asia

In 2021, overseas shipments of industrial diamonds, dust and powder of precious or semi-precious stones increased by X% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, industrial diamonds exports surged to $X in 2021. Over the period under review, exports, however, recorded a perceptible slump. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, resulting at X tons, which was near X% of total exports in 2021. It was distantly followed by Thailand (X tons), committing a X% share of total exports. South Korea (X tons) and Hong Kong SAR (X tons) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to industrial diamonds exports from China stood at +X%. At the same time, Thailand (+X%) and Hong Kong SAR (+X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2012-2021. By contrast, South Korea (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Thailand and China increased by +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest industrial diamonds supplier in Asia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2021, the average annual growth rate of value in China was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (-X% per year) and Hong Kong SAR (-X% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per kg, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a abrupt descent. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per kg in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Hong Kong SAR ($X per kg), while Thailand (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 South Korea (+X%), while the other leaders experienced a decline in the export price figures.

Industrial Diamonds Imports

Imports in Asia

In 2021, industrial diamonds imports in Asia reduced remarkably to X tons, declining by -X% against the previous year. In general, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2020 when imports increased by X%. As a result, imports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, industrial diamonds imports soared to $X in 2021. Over the period under review, imports saw a noticeable contraction. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Thailand prevails in imports structure, amounting to X tons, which was near X% of total imports in 2021. South Korea (X tons) held a relatively small share of total imports.

Thailand was also the fastest-growing in terms of the industrial diamonds, dust and powder of precious or semi-precious stones imports, with a CAGR of +X% from 2012 to 2021. At the same time, South Korea (+X%) displayed positive paces of growth. While the share of Thailand (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of South Korea (-X p.p.) displayed negative dynamics.

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

From 2012 to 2021, the average annual growth rate of value in South Korea amounted to +X%.

Import Prices by Country

In 2021, the import price in Asia amounted to less than $X per kg, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a deep contraction. The level of import peaked at $X per kg in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was South Korea ($X per kg), while Thailand amounted to less than $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-X%).

Source: IndexBox Platform

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