Report Update Nov 1, 2024

Ghana - Industrial Diamonds, Dust and Powder of Precious or Semi-Precious Stones - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Industrial Diamonds Market 2022

Industrial Diamonds Market Size in Ghana

The Ghanian industrial diamonds market surged to $X in 2021, increasing by X% against the previous year. Overall, consumption saw a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Industrial Diamonds Production in Ghana

In value terms, industrial diamonds production totaled $X in 2021 estimated in export price. Overall, production saw a sharp downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Industrial Diamonds Exports

Exports from Ghana

In 2021, overseas shipments of industrial diamonds, dust and powder of precious or semi-precious stones decreased by -X% to X tons, falling for the fourth consecutive year after two years of growth. In general, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, industrial diamonds exports fell dramatically to $X in 2021. Overall, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons), Mexico (X tons) and Canada (X tons) were the main destinations of industrial diamonds exports from Ghana, with a combined X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) emerged as the key foreign market for industrial diamonds exports from Ghana, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports. It was followed by the United States, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Mexico stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-X% per year) and the United States (+X% per year).

Export Prices by Country

In 2021, the average industrial diamonds export price amounted to $X per kg, rising by X% against the previous year. In general, export price indicated a resilient increase from 2012 to 2021: its price 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, industrial diamonds export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Mexico ($X per kg), while the average price for exports to Japan ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X%), while the prices for the other major destinations experienced a decline.

Industrial Diamonds Imports

Imports into Ghana

Industrial diamonds imports into Ghana skyrocketed to X tons in 2021, jumping by X% compared with the year before. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, industrial diamonds imports soared to $X in 2021. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) was the main supplier of industrial diamonds to Ghana, accounting for a approx. X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +X%.

In value terms, the United States ($X) constituted the largest supplier of industrial diamonds to Ghana.

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

Import Prices by Country

The average industrial diamonds import price stood at $X per kg in 2021, shrinking by -X% against the previous year. In general, the import price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. As a result, import price reached the peak level of $X per kg. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, 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.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial diamonds, dust and powder of precious or semi-precious stones in the world?

The country with the largest volume of industrial diamonds consumption was Thailand, comprising approx. 81% of total volume. Moreover, industrial diamonds consumption in Thailand exceeded the figures recorded by the second-largest consumer, Spain, more than tenfold. The third position in this ranking was occupied by China, with a 4.8% share.

What are the largest producers of industrial diamonds, dust and powder of precious or semi-precious stones in the world?

The country with the largest volume of industrial diamonds production was China, comprising approx. 78% of total volume. Moreover, industrial diamonds production in China exceeded the figures recorded by the second-largest producer, Namibia, eightfold. Central African Republic ranked third in terms of total production with a 2.7% share.

What are the leading suppliers of industrial diamonds, dust and powder of precious or semi-precious stones to Ghana?

In value terms, the United States $563) constituted the largest supplier of industrial diamonds to Ghana.

What are the leading importers of industrial diamonds, dust and powder of precious or semi-precious stones from Ghana?

In value terms, Mexico emerged as the key foreign market for industrial diamonds exports from Ghana, comprising 53% of total exports. The second position in the ranking was occupied by Canada, with a 21% share of total exports. It was followed by the United States, with an 18% share.

What is the average export price for industrial diamonds, dust and powder of precious or semi-precious stones in Ghana?

The average industrial diamonds export price stood at $1.1 per kg in 2021, picking up by 16% against the previous year.

What is the average import price for industrial diamonds, dust and powder of precious or semi-precious stones in Ghana?

The average industrial diamonds import price stood at $3.1 per kg in 2021, which is down by -8.1% against the previous year.

This report provides an in-depth analysis of the industrial diamonds market in Ghana. 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 32121200 - Industrial diamonds, worked, dust and powder of natural or synthetic precious or semi-precious stones

Country coverage:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023