Indonesia: Diamond Market 2024

Diamond Market Size in Indonesia

The Indonesian diamond market dropped modestly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption posted perceptible growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Diamond Production in Indonesia

In value terms, diamond production fell to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Diamond Exports

Exports from Indonesia

For the fourth consecutive year, Indonesia recorded growth in shipments abroad of diamonds and other precious stones (unworked), which increased by X% to X tons in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, diamond exports fell to $X in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped modestly in the following year.

Exports by Country

China (X kg) was the main destination for diamond exports from Indonesia, accounting for a X% share of total exports. Moreover, diamond exports to China exceeded the volume sent to the second major destination, Greece (X kg), tenfold. The third position in this ranking was taken by Japan (X kg), with a X% share.

From 2015 to 2022, the average annual rate of growth in terms of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and Japan (X% per year).

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

From 2015 to 2022, the average annual rate of growth in terms of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Japan (X% per year).

Export Prices by Country

The average diamond export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. The export price peaked at $X per ton in 2021, and then contracted notably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced mixed trend patterns.

Diamond Imports

Imports into Indonesia

In 2022, approx. X tons of diamonds and other precious stones (unworked) were imported into Indonesia; growing by X% compared with the year before. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, diamond imports soared to $X in 2022. Over the period under review, imports saw significant growth. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X tons) constituted the largest diamond supplier to Indonesia, accounting for a X% share of total imports. Moreover, diamond imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. The third position in this ranking was taken by Nigeria (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Nigeria (X% per year).

In value terms, the United States ($X) constituted the largest supplier of diamonds and other precious stones (unworked) to Indonesia, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Nigeria, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Nigeria (X% per year).

Import Prices by Country

In 2022, the average diamond import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 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 ($X per ton), while the price for Brazil ($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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