Canada: Industrial Diamonds Market 2022

Industrial Diamonds Market Size in Canada

The Canadian industrial diamonds market soared to $X in 2021, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a pronounced contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Industrial Diamonds Exports

Exports from Canada

In 2021, exports of industrial diamonds, dust and powder of precious or semi-precious stones from Canada expanded notably to X tons, picking up by X% against the year before. Overall, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, industrial diamonds exports skyrocketed to $X in 2021. Over the period under review, exports recorded prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) and the United States (X tons) were the main destinations of industrial diamonds exports from Canada.

From 2012 to 2021, the biggest increases were in China (with a CAGR of -X value terms, the largest markets for industrial diamonds exported from Canada were the United States ($X) and China ($X, with a CAGR of -X%, saw the highest growth rate of the value of exports, among 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, jumping by X% against the previous year. Overall, the export price continues to indicate a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($X per kg), while the average price for exports to China stood at $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-X%).

Industrial Diamonds Imports

Imports into Canada

In 2021, approx. X tons of industrial diamonds, dust and powder of precious or semi-precious stones were imported into Canada; increasing by X% against the year before. Over the period under review, imports, however, continue to indicate a perceptible curtailment. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, industrial diamonds imports skyrocketed to $X in 2021. Overall, imports, however, recorded a pronounced decrease. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of industrial diamonds to Canada, with a X% share of total imports. Moreover, industrial diamonds imports from the United States exceeded the figures recorded by the second-largest supplier, South Korea (X tons), eightfold. China (X tons) ranked third in terms of total imports with a X% share.

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

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

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

Import Prices by Country

In 2021, the average industrial diamonds import price amounted to $X per kg, growing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, import price reached the peak level of $X per kg. From 2016 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($X per kg), while the price for the United States ($X per kg) was amongst the lowest.

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

Source: IndexBox Platform

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