Hong Kong SAR, China: Industrial Diamonds Market 2022

Industrial Diamonds Market Size in Hong Kong SAR, China

In 2021, the Hong Kong industrial diamonds market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, saw a noticeable decline. Industrial diamonds consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Industrial Diamonds Production in Hong Kong SAR, China

In value terms, industrial diamonds production soared to $X in 2021 estimated in export price. Overall, production, however, faced a deep reduction. Industrial diamonds production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Industrial Diamonds Exports

Exports from Hong Kong SAR, China

Industrial diamonds exports from Hong Kong SAR skyrocketed to X tons in 2021, growing by X% on 2020 figures. Overall, exports enjoyed a prominent increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, industrial diamonds exports surged to $X in 2021. Over the period under review, exports, however, saw a pronounced decrease. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Ireland (X tons), China (X tons) and South Korea (X tons) were the main destinations of industrial diamonds exports from Hong Kong SAR, together accounting for X% of total exports. These countries were followed by the United States, Switzerland, India, Japan and Germany, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for industrial diamonds exported from Hong Kong SAR were Ireland ($X), China ($X) and South Korea ($X), together comprising X% of total exports. These countries were followed by the United States, Switzerland, India, Japan and Germany, which together accounted for a further X, with a CAGR of +X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average industrial diamonds export price amounted to $X per kg, falling by -X% against the previous year. Over the period under review, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked at $X per kg in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, the countries with the highest prices were India ($X per kg) and the United States ($X per kg), while the average price for exports to China ($X per kg) and South Korea ($X per kg) were amongst the lowest.

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

Industrial Diamonds Imports

Imports into Hong Kong SAR, China

In 2021, purchases abroad of industrial diamonds, dust and powder of precious or semi-precious stones increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, industrial diamonds imports surged to $X in 2021. Over the period under review, imports, however, saw a deep slump. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of industrial diamonds to Hong Kong SAR, with a X% share of total imports. Moreover, industrial diamonds imports from China exceeded the figures recorded by the second-largest supplier, Ireland (X tons), fourfold. Macao SAR (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (-X% per year) and Macao SAR (+X% per year).

In value terms, China ($X) constituted the largest supplier of industrial diamonds to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by Ireland ($X), with a X% share of total imports. It was followed by Macao SAR, with a X% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (-X% per year) and Macao SAR (+X% per year).

Import Prices by Country

In 2021, the average industrial diamonds import price amounted to $X per kg, growing by X% against the previous year. Over the period under review, the import price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, average import prices reached the peak figure 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 countries with the highest prices were Ireland ($X per kg) and Belgium ($X per kg), while the price for Macao SAR ($X per kg) and China ($X per kg) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Macao SAR (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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