Denmark: Diamond Market 2024

Diamond Market Size in Denmark

The Danish diamond market soared to $X in 2022, rising by X% against the previous year. Over the period under review, consumption posted a significant expansion. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the immediate term.

Diamond Production in Denmark

In value terms, diamond production amounted to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by X,400% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Diamond Exports

Exports from Denmark

In 2022, the amount of diamonds and other precious stones (unworked) exported from Denmark soared to X tons, increasing by X% on the previous year's figure. Over the period under review, exports showed a prominent increase. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, diamond exports declined to $X in 2022. In general, exports, however, recorded a pronounced slump. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for diamond exports from Denmark, accounting for a X% share of total exports. Moreover, diamond exports to India exceeded the volume sent to the second major destination, China (X kg), more than tenfold. Norway (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Norway (X% per year).

In value terms, the UK ($X) remains the key foreign market for diamonds and other precious stones (unworked) exports from Denmark, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Norway, with an X% share.

From 2012 to 2022, the average annual growth rate of value to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Norway (X% per year).

Export Prices by Country

In 2022, the average diamond export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price saw a abrupt slump. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X,000 per ton), while the average price for exports to India ($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 Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Diamond Imports

Imports into Denmark

In 2022, the amount of diamonds and other precious stones (unworked) imported into Denmark soared to X tons, surging by X% against the previous year's figure. Overall, imports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, diamond imports skyrocketed to $X in 2022. Over the period under review, imports posted a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil (X tons), Germany (X tons) and India (X tons) were the main suppliers of diamond imports to Denmark, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), South Africa ($X) and Brazil ($X) were the largest diamond suppliers to Denmark, together accounting for X% of total imports. Pakistan, Germany, China, the United States and Norway lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Pakistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average diamond import price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, 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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