Brazil: Diamond Market 2024

Diamond Market Size in Brazil

The Brazilian diamond market shrank notably to $X in 2022, falling by X% against the previous year. Over the period under review, consumption, however, showed a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Diamond Production in Brazil

In value terms, diamond production rose slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent expansion 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Diamond Exports

Exports from Brazil

In 2022, the amount of diamonds and other precious stones (unworked) exported from Brazil shrank to X tons, which is down by X% compared with the previous year. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then declined in the following year.

In value terms, diamond exports totaled $X in 2022. In general, exports, however, recorded resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for diamond exports from Brazil, accounting for a X% share of total exports. Moreover, diamond exports to China exceeded the volume sent to the second major destination, the United States (X tons), eightfold. The third position in this ranking was held by the Netherlands (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the Netherlands (X% per year).

In value terms, Belgium ($X), the United States ($X) and China ($X) constituted the largest markets for diamond exported from Brazil worldwide, with a combined X% share of total exports.

Belgium, with a CAGR of X%, saw 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, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average diamond export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price showed a buoyant expansion. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to the Netherlands ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Diamond Imports

Imports into Brazil

In 2022, the amount of diamonds and other precious stones (unworked) imported into Brazil expanded significantly to X tons, with an increase of X% compared with the year before. Overall, imports continue to indicate buoyant growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, diamond imports surged to $X in 2022. In general, imports saw a remarkable increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Uruguay (X tons) constituted the largest diamond supplier to Brazil, with a X% share of total imports. Moreover, diamond imports from Uruguay exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fivefold. The third position in this ranking was held by South Africa (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Uruguay totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and South Africa (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from Uruguay amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Madagascar (X% per year) and Mexico (X% per year).

Import Prices by Country

The average diamond import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, import price indicated a strong expansion from 2012 to 2022: its price 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, diamond import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, 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 Uruguay ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :