Latin America and the Caribbean: Industrial Diamonds Market 2022

Industrial Diamonds Market Size in Latin America and the Caribbean

After two years of decline, the Latin American industrial diamonds market increased by X% to $X in 2021. Overall, consumption, however, saw a noticeable reduction. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Industrial Diamonds Production in Latin America and the Caribbean

In value terms, industrial diamonds production declined to $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. 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 pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Industrial Diamonds Exports

Exports in Latin America and the Caribbean

In 2021, the amount of industrial diamonds, dust and powder of precious or semi-precious stones exported in Latin America and the Caribbean declined markedly to X tons, waning by -X% on the year before. Overall, exports saw a sharp decrease. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, industrial diamonds exports reduced sharply to $X in 2021. Over the period under review, exports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020, and then declined dramatically in the following year.

Exports by Country

In 2021, Brazil (X tons), Honduras (X tons) and Chile (X tons) represented the key exporter of industrial diamonds, dust and powder of precious or semi-precious stones in Latin America and the Caribbean, committing X% of total export. Colombia (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Mexico (X%), Peru (X%), Venezuela (X%) and Costa Rica (X%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Peru (with a CAGR of +X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Costa Rica ($X) emerged as the largest industrial diamonds supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

From 2012 to 2021, the average annual growth rate of value in Costa Rica totaled +X%. In the other countries, the average annual rates were as follows: Mexico (-X% per year) and Brazil (-X% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per kg, rising by X% against the previous year. Overall, the export price saw a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Costa Rica ($X per kg), while Chile (less than $X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Costa Rica (+X%), while the other leaders experienced more modest paces of growth.

Industrial Diamonds Imports

Imports in Latin America and the Caribbean

In 2021, overseas purchases of industrial diamonds, dust and powder of precious or semi-precious stones increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, imports, however, showed a pronounced decrease. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, industrial diamonds imports soared to $X in 2021. In general, imports, however, recorded a deep downturn. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Brazil prevails in imports structure, finishing at X tons, which was near X% of total imports in 2021. It was distantly followed by Mexico (X tons), creating a X% share of total imports. The following importers - Peru (X tons), Colombia (X tons), Saint Maarten (Dutch part) (X tons) and Costa Rica (X tons) - together made up X% of total imports.

From 2012 to 2021, average annual rates of growth with regard to industrial diamonds imports into Brazil stood at +X%. At the same time, Colombia (+X%) and Mexico (+X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2012-2021. Peru experienced a relatively flat trend pattern. By contrast, Saint Maarten (Dutch part) (-X%) and Costa Rica (-X%) illustrated a downward trend over the same period. Brazil (+X p.p.), Mexico (+X p.p.) and Colombia (+X p.p.) significantly strengthened its position in terms of the total imports, while Costa Rica saw its share reduced by -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported industrial diamonds, dust and powder of precious or semi-precious stones in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with an X% share of total imports. It was followed by Peru, with a X% share.

In Brazil, industrial diamonds imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Mexico (-X% per year) and Peru (-X% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per kg, falling by -X% against the previous year. In general, the import price saw a perceptible decrease. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. The level of import peaked at $X per kg in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Saint Maarten (Dutch part) ($X per kg), while Costa Rica (less than $X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (-X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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