Report Update Nov 1, 2024

Japan - Diamonds (Industrial) - Market Analysis, Forecast, Size, Trends and Insights

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Japan: Industrial Diamond Market 2024

Industrial Diamond Market Size in Japan

In 2021, the Japanese industrial diamond market increased by 18% to $X for the first time since 2015, thus ending a five-year declining trend. Overall, consumption saw strong growth. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Industrial Diamond Production in Japan

In value terms, industrial diamond production soared to $X in 2021 estimated in export price. Overall, production showed buoyant growth. The growth pace was the most rapid in 2013 when the production volume increased by 257% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Industrial Diamond Exports

Exports from Japan

In 2021, exports of diamonds (industrial) from Japan rose significantly to X tons, growing by 7.5% on the previous year's figure. Over the period under review, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 1,053%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, industrial diamond exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2019 with an increase of 893%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Indonesia (X tons) was the main destination for industrial diamond exports from Japan, with a 99% share of total exports. It was followed by South Korea (X kg), with a 0.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia stood at +96.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-33.5% per year) and Belgium (-58.6% per year).

In value terms, the largest markets for industrial diamond exported from Japan were Indonesia ($X), South Korea ($X) and Belgium ($X), together accounting for 88% of total exports.

Indonesia, with a CAGR of +46.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average industrial diamond export price stood at $X per kg in 2021, with an increase of 11% against the previous year. Over the period under review, the export price, however, showed a sharp slump. The most prominent rate of growth was recorded in 2016 an increase of 62%. Over the period under review, the average export prices reached the maximum at $X per kg in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per kg), while the average price for exports to Indonesia ($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 Belgium (+56.9%), while the prices for the other major destinations experienced mixed trend patterns.

Industrial Diamond Imports

Imports into Japan

In 2021, overseas purchases of diamonds (industrial) decreased by -4% to X tons, falling for the seventh consecutive year after three years of growth. Overall, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2013 when imports increased by 26%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, industrial diamond imports skyrocketed to $X in 2021. In general, imports showed a drastic downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Botswana (X tons), Belgium (X tons) and Ireland (X tons) were the main suppliers of industrial diamond imports to Japan, with a combined 81% share of total imports. South Africa, the United States, India and the UK lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +41.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest industrial diamond suppliers to Japan were Botswana ($X), Belgium ($X) and South Africa ($X), with a combined 91% share of total imports. These countries were followed by the United States, India, Ireland and the UK, which together accounted for a further 7.7%.

In terms of the main suppliers, India, with a CAGR of +19.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average industrial diamond import price amounted to $X per kg, increasing by 23% against the previous year. Overall, the import price saw a buoyant increase. The most prominent rate of growth was recorded in 2016 an increase of 51%. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was India ($X per kg), while the price for Ireland ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for diamonds (industrial) in the world?

The country with the largest volume of industrial diamond consumption was the United Arab Emirates, accounting for 59% of total volume. Moreover, industrial diamond consumption in the United Arab Emirates exceeded the figures recorded by the second-largest consumer, Ireland, threefold. China ranked third in terms of total consumption with a 3.4% share.

What are the largest producers of diamonds (industrial) in the world?

Angola constituted the country with the largest volume of industrial diamond production, accounting for 25% of total volume. Moreover, industrial diamond production in Angola exceeded the figures recorded by the second-largest producer, China, threefold. Canada ranked third in terms of total production with an 8.1% share.

What are the leading suppliers of diamonds (industrial) to Japan?

In value terms, Botswana, Belgium and South Africa appeared to be the largest industrial diamond suppliers to Japan, with a combined 95% share of total imports. These countries were followed by India and Ireland, which together accounted for a further 4%.

What are the leading importers of diamonds (industrial) from Japan?

In value terms, the UK emerged as the key foreign market for industrial diamond exports from Japan, comprising 92% of total exports. The second position in the ranking was occupied by Belgium, with an 8% share of total exports.

What is the average export price for diamonds (industrial) in Japan?

In 2021, the average industrial diamond export price amounted to $25 per kg, jumping by 1,631% against the previous year.

What is the average import price for diamonds (industrial) in Japan?

The average industrial diamond import price stood at $64 per kg in 2021, with an increase of 22% against the previous year.

This report provides an in-depth analysis of the industrial diamond market in Japan. 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 08992200 - Industrial diamonds, unworked or simply sawn, cleaved or bruted, pumice stone, emery, natural corundum, natural garnet and other natural abrasives

Country coverage:

Japan

Data coverage:

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