Middle East: Non-Industrial Diamond Market 2022

Production By Country in the Middle East

The countries with the highest volumes of non-industrial diamond production in 2020 were Oman (X tons), Bahrain (X tons) and Israel (X tons), with a combined X% share of total production.

From 2007 to 2020, the biggest increases were in Oman (+X%), while non-industrial diamond production for the other leaders experienced more modest paces of growth.

Non-Industrial Diamond Exports

Exports in the Middle East

In 2020, after two years of decline, there was significant growth in overseas shipments of non-industrial diamonds, when their volume increased by X% to X tons. Over the period under review, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2009 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2010 to 2020, the growth of the exports remained at a somewhat lower figure.

In value terms, non-industrial diamond exports dropped sharply to $X in 2020. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. The level of export peaked at $X in 2018; however, from 2019 to 2020, the exports failed to regain momentum.

Exports by Country

Jordan was the main exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by the United Arab Emirates (X tons), generating a X% share of total exports. Israel (X tons) followed a long way behind the leaders.

Jordan was also the fastest-growing in terms of the non-industrial diamonds exports, with a CAGR of +X% from 2007 to 2020. At the same time, the United Arab Emirates (+X%) displayed positive paces of growth. By contrast, Israel (-X%) illustrated a downward trend over the same period. While the share of Jordan (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of the United Arab Emirates (-X p.p.) and Israel (-X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest non-industrial diamond supplier in the Middle East, comprising X% of total exports. The second position in the ranking was occupied by Israel ($X), with a X% share of total exports.

In the United Arab Emirates, non-industrial diamond exports expanded at an average annual rate of +X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (-X% per year) and Jordan (+X% per year).

Export Prices by Country

In 2020, the non-industrial diamond export price in the Middle East amounted to $X per kg, declining by -X% against the previous year. Overall, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2010 when the export price increased by X% against the previous year. The level of export peaked at $X per kg in 2012; however, from 2013 to 2020, the export prices failed to regain momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Israel (-X%), while the other leaders experienced a decline in the export price figures.

Non-Industrial Diamond Imports

Imports in the Middle East

For the third year in a row, the Middle East recorded decline in purchases abroad of non-industrial diamonds, which decreased by -X% to X tons in 2020. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2020, imports failed to regain momentum.

In value terms, non-industrial diamond imports contracted to $X in 2020. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. The level of import peaked at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Jordan (X tons) represented the key importer of non-industrial diamonds, constituting X% of total imports. It was distantly followed by the United Arab Emirates (X tons), making up a X% share of total imports. Israel (X tons) occupied a little share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the United Arab Emirates (+X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported non-industrial diamonds in the Middle East, comprising X% of total imports. The second position in the ranking was occupied by Israel ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value in the United Arab Emirates stood at +X%. In the other countries, the average annual rates were as follows: Israel (-X% per year) and Jordan (-X% per year).

Import Prices by Country

In 2020, the non-industrial diamond import price in the Middle East amounted to $X per kg, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild slump. The growth pace was the most rapid in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per kg in 2008; however, from 2009 to 2020, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Israel ($X per kg), while Jordan ($X per kg) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Jordan (-X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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