Namibia: Diamond Market 2020

Diamond Market Size in Namibia

The revenue of the diamond market in Namibia amounted to $X in 2018, jumping by X% against the previous year. In general, diamond consumption continues to indicate prominent growth. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Over the period under review, the diamond market reached its peak figure level at $X in 2013; however, from 2014 to 2018, consumption remained at a lower figure.

Diamond Production in Namibia

In value terms, diamond production stood at $X in 2018 estimated in export prices. Over the period under review, diamond production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Namibia diamond production peaked at $X in 2015; however, from 2016 to 2018, production remained at a lower figure.

Diamond Exports

Exports from Namibia

In 2018, the amount of diamonds and other precious stones (unworked) exported from Namibia stood at X tons, coming down by -X% against the previous year. Over the period under review, diamond exports continue to indicate a moderate descent. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, diamond exports reached their maximum at X tons in 2008; however, from 2009 to 2018, exports remained at a lower figure.

In value terms, diamond exports amounted to $X in 2018. In general, the total exports indicated a buoyant increase from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, diamond exports increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2009 when exports increased by X% y-o-y. Namibia exports peaked in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

Brazil (X tons), Uruguay (X tons), China, Hong Kong SAR (X tons), Madagascar (X tons) and South Africa (X tons) represented roughly X% of total exports of diamonds and other precious stones (unworked) in 2018. Mozambique (X tons) ranks next in terms of the total exports with a X% share, followed by Myanmar (X%). Mexico (X tons), India (X tons) and Singapore (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by India, while the other leaders experienced more modest paces of growth.

In value terms, China, Hong Kong SAR ($X), India ($X) and Namibia ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by South Africa, Singapore, Myanmar, Brazil, Mozambique, Madagascar, Uruguay and Mexico, which together accounted for a further X the main exporting countries, Mozambique recorded the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the diamond export price in Namibia amounted to $X per ton, surging by X% against the previous year. Over the period under review, the diamond export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 when the export price increased by X% y-o-y. Namibia export price peaked at $X per ton in 2015; however, from 2016 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was India ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Myanmar, while the other leaders experienced mixed trends in the export price figures.

Diamond Imports

Imports into Namibia

In 2018, the diamond imports into Namibia totaled X kg, declining by -X% against the previous year. Over the period under review, diamond imports continue to indicate an abrupt drop. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. In that year, diamond imports attained their peak of X tons. From 2011 to 2018, the growth of diamond imports remained at a somewhat lower figure.

In value terms, diamond imports stood at $X in 2018. Over the period under review, diamond imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. In that year, diamond imports reached their peak of $X. From 2017 to 2018, the growth of diamond imports failed to regain its momentum.

Imports by Country

China prevails in diamond imports structure, recording X tons, which was approx. X% of total imports in 2018. China, Hong Kong SAR (X tons) took the second position in the ranking, followed by India (X tons). All these countries together took near X% share of total imports. The U.S. (X tons), Brazil (X tons), Thailand (X tons) and South Africa (X tons) occupied a relatively small share of total imports.

Imports into China decreased at an average annual rate of -X% from 2007 to 2018. At the same time, India (+X%), Brazil (+X%) and South Africa (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, the U.S. (-X%), Thailand (-X%) and China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. India (+X p.p.) and Brazil (+X p.p.) significantly strengthened its position in terms of the global imports, while China, Hong Kong SAR and China saw its share reduced by -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported diamonds and other precious stones (unworked) into Namibia, comprising X% of global imports. The second position in the ranking was occupied by China, Hong Kong SAR ($X), with a X% share of global imports. It was followed by China, with a X% share.

In India, diamond imports increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: China, Hong Kong SAR (+X% per year) and China (-X% per year).

Import Prices by Country

In 2018, the diamond import price in Namibia amounted to $X per ton, rising by X% against the previous year. Overall, the diamond import price continues to indicate an extraordinary expansion. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. In that year, the import prices for diamonds and other precious stones (unworked) attained their peak level of $X per ton. From 2014 to 2018, the growth in terms of the import prices for diamonds and other precious stones (unworked) remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was India ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform