Asia-Pacific: Diamond Market 2024

Diamond Market Size in Asia-Pacific

In 2022, the Asia-Pacific diamond market decreased by X% to $X.7B, falling for the second consecutive year after four years of growth. In general, consumption, however, showed a deep contraction. Over the period under review, the market hit record highs at $X.5B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Diamond Production in Asia-Pacific

In value terms, diamond production shrank to $X.8B in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X.3B in 2018; however, from 2019 to 2022, production failed to regain momentum.

Diamond Exports

Exports in Asia-Pacific

In 2022, exports of diamonds and other precious stones (unworked) in Asia-Pacific dropped to X tons, which is down by X% against 2021. Over the period under review, exports, however, showed a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, diamond exports totaled $X in 2022. Overall, exports continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Singapore (X tons) represented the main exporter of diamonds and other precious stones (unworked), generating X% of total exports. India (X tons) held the second position in the ranking, distantly followed by China (X tons). All these countries together held near X% share of total exports. The following exporters - South Korea (X tons), Australia (X tons) and Thailand (X tons) - each accounted for a X% share of total exports.

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

In value terms, Singapore ($X), India ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

In terms of the main exporting countries, Singapore, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the export price in Asia-Pacific amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, faced a deep downturn. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the export price figures.

Diamond Imports

Imports in Asia-Pacific

In 2022, the amount of diamonds and other precious stones (unworked) imported in Asia-Pacific soared to X tons, jumping by X% compared with the year before. Overall, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, diamond imports rose rapidly to $X in 2022. Total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China prevails in imports structure, finishing at X tons, which was approx. X% of total imports in 2022. The following importers - India (X tons) and Thailand (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to diamond imports into China stood at X%. At the same time, Thailand (X%) and India (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported diamonds and other precious stones (unworked) in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

In India, diamond imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, shrinking by X% against the previous year. In general, the import price saw a abrupt contraction. The growth pace was the most rapid in 2016 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X,844 per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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