Middle East: Industrial Diamonds Market 2022

Industrial Diamonds Market Size in the Middle East

In 2021, the Middle Eastern industrial diamonds market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption saw notable growth. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Industrial Diamonds Production in the Middle East

In value terms, industrial diamonds production soared to $X in 2021 estimated in export price. Overall, production posted significant growth. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Industrial Diamonds Exports

Exports in the Middle East

Industrial diamonds exports surged to X tons in 2021, rising by X% against 2020. Over the period under review, exports, however, continue to indicate a noticeable descent. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, industrial diamonds exports surged to $X in 2021. In general, exports, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) and Israel (X tons) represented the largest exporters of industrial diamonds, dust and powder of precious or semi-precious stones in 2021, finishing at near X% and X% of total exports, respectively. It was distantly followed by Qatar (X tons), comprising a X% share of total exports. Turkey (X tons) held a little share of total exports.

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

In value terms, the largest industrial diamonds supplying countries in the Middle East were Qatar ($X), Israel ($X) and the United Arab Emirates ($X), together accounting for X% of total exports.

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

Export Prices by Country

The export price in the Middle East stood at $X per kg in 2021, picking up by X% against the previous year. Overall, the export price continues to indicate temperate growth. The pace of growth appeared the most rapid in 2016 when the export price increased by X%. As a result, the export price attained the peak level of $X per kg. From 2017 to 2021, the the export prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Qatar ($X per kg), while Turkey ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+X%), while the other leaders experienced mixed trends in the export price figures.

Industrial Diamonds Imports

Imports in the Middle East

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 third consecutive year after five years of decline. Over the period under review, imports, however, recorded a abrupt descent. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, industrial diamonds imports surged to $X in 2021. Overall, imports, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2016 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of industrial diamonds imports in 2021 were the United Arab Emirates (X tons), Turkey (X tons) and Qatar (X tons), together recording X% of total import. It was distantly followed by Israel (X tons), committing a X% share of total imports. Iran (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X) constitutes the largest market for imported industrial diamonds, dust and powder of precious or semi-precious stones in the Middle East, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

In Qatar, industrial diamonds imports increased at an average annual rate of +X% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and the United Arab Emirates (-X% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per kg, declining by -X% against the previous year. Over the period under review, the import price, however, showed buoyant growth. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, import price attained the peak level of $X per kg. From 2017 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Qatar ($X per kg), while the United Arab Emirates ($X per kg) was amongst the lowest.

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

Source: IndexBox Platform

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