Namibia: Industrial Diamond Market 2020

Industrial Diamond Market Size in Namibia

The revenue of the industrial diamond market in Namibia amounted to $X in 2018, growing by X% against the previous year. Over the period under review, industrial diamond consumption continues to indicate prominent growth. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. In that year, the industrial diamond market reached its peak level of $X. From 2009 to 2018, the growth of the industrial diamond market remained at a lower figure.

Industrial Diamond Production in Namibia

In value terms, industrial diamond production amounted to $X in 2018 estimated in export prices. Overall, industrial diamond production, however, continues to indicate an abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when production volume increased by X% y-o-y. Namibia industrial diamond production peaked at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Industrial Diamond Exports

Exports from Namibia

Industrial diamond exports from Namibia amounted to X tons in 2018, jumping by X% against the previous year. Overall, industrial diamond exports, however, continue to indicate a drastic curtailment. The most prominent rate of growth was recorded in 2009 when exports increased by X% against the previous year. Over the period under review, industrial diamond exports reached their peak figure at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, industrial diamond exports amounted to $X in 2018. Overall, industrial diamond exports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, industrial diamond exports attained their peak figure in 2018 and are expected to retain its growth in the near future.

Exports by Country

Russia (X tons), Angola (X tons), India (X tons) and Belgium (X tons) represented roughly X% of total exports of diamonds (industrial) in 2018. It was distantly followed by Botswana (X tons), generating a X% share of total exports. The UK (X tons) and Israel (X tons) held a little share of total exports.

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, Russia ($X) remains the largest industrial diamond supplier from Namibia, comprising X% of global exports. The second position in the ranking was occupied by Namibia ($X), with a X% share of global exports. It was followed by the UK, with a X% share.

From 2007 to 2018, the average annual growth rate of value in Russia stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Namibia (+X% per year) and the UK (-X% per year).

Export Prices by Country

The industrial diamond export price in Namibia stood at $X per ton in 2018, going up by X% against the previous year. Overall, the industrial diamond export price continues to indicate an extraordinary increase. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. In that year, the export prices for diamonds (industrial) reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the export prices for diamonds (industrial) failed to regain its momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the UK ($X per ton), while Israel ($X per ton) was amongst the lowest.

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

Industrial Diamond Imports

Imports into Namibia

Industrial diamond imports into Namibia amounted to X tons in 2018, waning by -X% against the previous year. Overall, industrial diamond imports continue to indicate a dramatic decline. Namibia imports peaked at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, industrial diamond imports amounted to $X in 2018. In general, industrial diamond imports continue to indicate a measured increase. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. In that year, industrial diamond imports attained their peak of $X. From 2013 to 2018, the growth of industrial diamond imports failed to regain its momentum.

Imports by Country

In 2018, Egypt (X tons) was the major importer of diamonds (industrial), achieving X% of total imports. Belgium (X tons) took an X% share (based on tons) of total imports, which put it in second place, followed by Venezuela (X%) and Angola (X%). The following importers - the UK (X tons), Israel (X tons), the United Arab Emirates (X tons), India (X tons), the U.S. (X tons) and Ireland (X tons) - together made up X% of total imports.

Egypt was also the fastest-growing in terms of the diamonds (industrial) imports, with a CAGR of +X% from 2007 to 2018. At the same time, India (+X%) and Venezuela (+X%) displayed positive paces of growth. By contrast, Israel (-X%), the U.S. (-X%), the United Arab Emirates (-X%), the UK (-X%), Ireland (-X%), Belgium (-X%) and Angola (-X%) illustrated a downward trend over the same period. While the share of Egypt (+X p.p.), Venezuela (+X p.p.) and India (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of Israel (-X p.p.), the U.S. (-X p.p.), Ireland (-X p.p.), the United Arab Emirates (-X p.p.), the UK (-X p.p.), Belgium (-X p.p.) and Angola (-X p.p.) displayed negative dynamics.

In value terms, the largest industrial diamond importing markets into Namibia were Belgium ($X), the United Arab Emirates ($X) and India ($X), together accounting for X% of total imports. The U.S., the UK, Israel, Egypt, Ireland, Namibia, Angola and Venezuela lagged somewhat behind, together comprising a further X the main importing countries, Egypt (+X% per year) recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the industrial diamond import price in Namibia amounted to $X per ton, surging by X% against the previous year. In general, the industrial diamond import price continues to indicate an extraordinary expansion. The most prominent rate of growth was recorded in 2010 when the import price increased by X% against the previous year. Over the period under review, the import prices for diamonds (industrial) reached their peak figure at $X per ton in 2012; however, from 2013 to 2018, import prices failed to regain their momentum.

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

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

Source: IndexBox Platform