Dominican Republic: Industrial Diamonds Market 2022

Industrial Diamonds Market Size in the Dominican Republic

The Dominican industrial diamonds market fell rapidly to $X in 2021, dropping by -X% against the previous year. Overall, consumption saw a sharp decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Industrial Diamonds Production in the Dominican Republic

In value terms, industrial diamonds production declined to $X in 2021 estimated in export price. Over the period under review, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then dropped in the following year.

Industrial Diamonds Exports

Exports from the Dominican Republic

In 2021, shipments abroad of industrial diamonds, dust and powder of precious or semi-precious stones increased by X% to X kg for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, recorded a sharp decrease. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, industrial diamonds exports skyrocketed to $X in 2021. Overall, exports, however, saw a sharp descent. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for industrial diamonds exports from the Dominican Republic, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -X%.

In value terms, the United States ($X) also remains the key foreign market for industrial diamonds exports from the Dominican Republic.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -X%.

Export Prices by Country

In 2021, the average industrial diamonds export price amounted to $X per kg, with a decrease of -X% against the previous year. In general, the export price, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per kg in 2020, and then shrank remarkably in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +X% per year.

Industrial Diamonds Imports

Imports into the Dominican Republic

In 2021, approx. X tons of industrial diamonds, dust and powder of precious or semi-precious stones were imported into the Dominican Republic; with a decrease of -X% against 2020 figures. Over the period under review, imports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, industrial diamonds imports contracted notably to $X in 2021. Overall, imports showed a significant contraction. The pace of growth was the most pronounced in 2020 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of industrial diamonds to the Dominican Republic, accounting for a X% share of total imports. Moreover, industrial diamonds imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at -X%.

In value terms, the United States ($X) constituted the largest supplier of industrial diamonds to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to -X%.

Import Prices by Country

The average industrial diamonds import price stood at $X per kg in 2021, waning by -X% against the previous year. Over the period under review, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. The import price peaked at $X per kg in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per kg), while the price for China totaled $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-X%).

Source: IndexBox Platform

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