Benelux: Diamond Market 2024

Diamond Market Size in Benelux

In 2022, the Benelux diamond market decreased by X% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption saw a deep slump. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Diamond Production in Benelux

In value terms, diamond production declined to $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Diamond Exports

Exports in Benelux

In 2022, after two years of growth, there was significant decline in shipments abroad of diamonds and other precious stones (unworked), when their volume decreased by X% to X tons. In general, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then dropped notably in the following year.

In value terms, diamond exports fell to $X in 2022. Over the period under review, exports saw a noticeable descent. The pace of growth was the most pronounced 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 remained at a lower figure.

Exports by Country

Belgium represented the main exporter of diamonds and other precious stones (unworked) in Benelux, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by the Netherlands (X tons), creating a X% share of total exports.

Exports from Belgium increased at an average annual rate of X% from 2012 to 2022. At the same time, the Netherlands (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of X% from 2012-2022. While the share of the Netherlands (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (X p.p.) displayed negative dynamics.

In value terms, Belgium ($X) remains the largest diamond supplier in Benelux, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with less than X% share of total exports.

In Belgium, diamond exports plunged by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per kg, with an increase of X% against the previous year. Overall, the export price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The level of export peaked at $X per kg in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per kg), while the Netherlands stood at $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%).

Diamond Imports

Imports in Benelux

In 2022, approx. X tons of diamonds and other precious stones (unworked) were imported in Benelux; with a decrease of X% on the previous year. Over the period under review, imports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, diamond imports rose remarkably to $X in 2022. In general, imports showed a noticeable shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands represented the major importing country with an import of around X tons, which finished at X% of total imports. It was distantly followed by Belgium (X tons), generating a X% share of total imports.

The Netherlands was also the fastest-growing in terms of the diamonds and other precious stones (unworked) imports, with a CAGR of X% from 2012 to 2022. At the same time, Belgium (X%) displayed positive paces of growth. From 2012 to 2022, the share of the Netherlands increased by X percentage points.

In value terms, Belgium ($X) constitutes the largest market for imported diamonds and other precious stones (unworked) in Benelux, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with less than X% share of total imports.

In Belgium, diamond imports plunged by an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per kg, increasing by X% against the previous year. Overall, the import price, however, showed a deep reduction. The growth pace was the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per kg in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per kg), while the Netherlands totaled $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Source: IndexBox Platform