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Report CIS - Diamonds (Industrial) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

CIS - Diamonds (Industrial) - Market Analysis, Forecast, Size, Trends and Insights

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CIS: Industrial Diamond Market 2024

Industrial Diamond Market Size in CIS

In 2021, the CIS industrial diamond market decreased by -29.7% to $X, falling for the sixth consecutive year after four years of growth. Overall, consumption, however, recorded a mild increase. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Industrial Diamond Production in CIS

In value terms, industrial diamond production expanded rapidly to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 138%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Industrial Diamond Exports

Exports in CIS

In 2021, the amount of diamonds (industrial) exported in the CIS skyrocketed to X tons, picking up by 51% compared with 2020 figures. Total exports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +76.5% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial diamond exports soared to $X in 2021. Overall, exports, however, continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2014 with an increase of 47%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of diamonds (industrial), namely Russia, represented more than two-thirds of total export.

Russia was also the fastest-growing in terms of the diamonds (industrial) exports, with a CAGR of +2.9% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest industrial diamond supplier in the CIS.

In Russia, industrial diamond exports contracted by an average annual rate of -3.3% over the period from 2012-2021.

Export Prices by Country

The export price in the CIS stood at $X per kg in 2021, declining by -14.3% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The pace of growth was the most pronounced in 2014 when the export price increased by 36%. As a result, the export price reached the peak level of $X per kg. From 2015 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to -6.0% per year.

Industrial Diamond Imports

Imports in CIS

In 2021, imports of diamonds (industrial) in the CIS surged to X tons, growing by 212% against 2020 figures. Overall, imports, however, faced a abrupt shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 29,917% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, industrial diamond imports surged to $X in 2021. In general, imports, however, faced a abrupt contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 386% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Armenia represented the main importer of diamonds (industrial) in the CIS, with the volume of imports accounting for X tons, which was near 76% of total imports in 2021. It was distantly followed by Russia (X tons) and Azerbaijan (X tons), together constituting a 24% share of total imports.

Armenia was also the fastest-growing in terms of the diamonds (industrial) imports, with a CAGR of +28.4% from 2012 to 2021. Azerbaijan experienced a relatively flat trend pattern. Russia (-28.9%) illustrated a downward trend over the same period. Armenia (+74 p.p.) and Azerbaijan (+9.2 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -83.2% from 2012 to 2021, respectively.

In value terms, Armenia ($X) constitutes the largest market for imported diamonds (industrial) in the CIS, comprising 58% of total imports. The second position in the ranking was held by Russia ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Armenia totaled +19.5%. In the other countries, the average annual rates were as follows: Russia (-24.7% per year) and Azerbaijan (0.0% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per kg, dropping by -36% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by 3,713% against the previous year. The level of import peaked at $X per kg in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per kg), while Armenia ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+5.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Russia constituted the country with the largest volume of industrial diamond consumption, comprising approx. 52% of total volume. Moreover, industrial diamond consumption in Russia exceeded the figures recorded by the second-largest consumer, Kazakhstan, threefold. Belarus ranked third in terms of total consumption with a 10% share.
The country with the largest volume of industrial diamond production was Russia, accounting for 86% of total volume. Moreover, industrial diamond production in Russia exceeded the figures recorded by the second-largest producer, Kazakhstan, more than tenfold. The third position in this ranking was occupied by Belarus, with a 3% share.
In value terms, Russia remains the largest industrial diamond supplier in the CIS.
In value terms, the largest industrial diamond importing markets in the CIS were Armenia and Russia.
The export price in the CIS stood at $5.9 per kg in 2021, declining by -14.3% against the previous year.
In 2021, the import price in the CIS amounted to $1.2 per kg, falling by -55.2% against the previous year.

This report provides an in-depth analysis of the industrial diamond market in CIS. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 08992200 - Industrial diamonds, unworked or simply sawn, cleaved or bruted, pumice stone, emery, natural corundum, natural garnet and other natural abrasives

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in CIS, split by region and country
  • Trade (exports and imports) in CIS
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Armenia
    • Azerbaijan
    • Belarus
    • Kazakhstan
    • Kyrgyzstan
    • Moldova
    • Russia
    • Tajikistan
    • Uzbekistan

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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