Australia: Industrial Diamonds Market 2022

Industrial Diamonds Market Size in Australia

The Australian industrial diamonds market skyrocketed to $X in 2021, with an increase of X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. 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 Australia

In value terms, industrial diamonds production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X, and then contracted in the following year.

Industrial Diamonds Exports

Exports from Australia

Industrial diamonds exports from Australia rose sharply to X tons in 2021, with an increase of X% against the year before. Overall, exports, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, industrial diamonds exports contracted rapidly to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then fell rapidly in the following year.

Exports by Country

Hong Kong SAR (X tons) was the main destination for industrial diamonds exports from Australia, with a X% share of total exports. Moreover, industrial diamonds exports to Hong Kong SAR exceeded the volume sent to the second major destination, New Zealand (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume to Hong Kong SAR stood at -X%.

In value terms, Hong Kong SAR ($X) and New Zealand ($X) were the largest markets for industrial diamonds exported from Australia worldwide.

New Zealand, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average industrial diamonds export price stood at $X per kg in 2021, falling by -X% against the previous year. Overall, the export price, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The export price peaked at $X per kg in 2020, and then fell remarkably in the following year.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was New Zealand ($X per kg), while the average price for exports to Hong Kong SAR totaled $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+X%).

Industrial Diamonds Imports

Imports into Australia

In 2021, industrial diamonds imports into Australia surged to X tons, jumping by X% on the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, industrial diamonds imports surged to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2012; afterwards, it flattened through to 2021.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of industrial diamonds to Australia, accounting for a X% share of total imports. Moreover, industrial diamonds imports from China exceeded the figures recorded by the second-largest supplier, Ireland (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (-X% per year) and the United States (-X% per year).

In value terms, China ($X), Ireland ($X) and the United States ($X) appeared to be the largest industrial diamonds suppliers to Australia, with a combined X% share of total imports.

China, with a CAGR of +X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average industrial diamonds import price stood at $X per kg in 2021, which is down by -X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by X%. The import price peaked at $X per kg in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per kg), while the price for China ($X per kg) was amongst the lowest.

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

Source: IndexBox Platform

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