Pakistan: Diamond Market 2024

Diamond Market Size in Pakistan

The Pakistani diamond market reached $X in 2022, with an increase of X% against the previous year. In general, consumption recorded resilient growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Diamond Production in Pakistan

In value terms, diamond production stood at $X in 2022 estimated in export price. Overall, production saw strong growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Diamond Exports

Exports from Pakistan

In 2022, approx. X tons of diamonds and other precious stones (unworked) were exported from Pakistan; standing approx. at the year before. Over the period under review, exports continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, diamond exports contracted to $X in 2022. Overall, exports, however, showed a mild expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sri Lanka (X kg), Mexico (X kg) and China (X kg) were the main destinations of diamond exports from Pakistan, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Sri Lanka (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) emerged as the key foreign market for diamonds and other precious stones (unworked) exports from Pakistan, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Germany (X% per year).

Export Prices by Country

The average diamond export price stood at $X per kg in 2022, flattening at the previous year. In general, the export price, however, continues to indicate resilient growth. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, the export price attained the peak level of $X per kg. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per kg), while the average price for exports to Mexico ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Diamond Imports

Imports into Pakistan

In 2022, purchases abroad of diamonds and other precious stones (unworked) increased by X% to X kg, rising for the second consecutive year after six years of decline. Over the period under review, imports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X kg in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, diamond imports surged to $X in 2022. Overall, imports, however, continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Afghanistan (X kg), Kyrgyzstan (X kg) and Thailand (X kg) were the main suppliers of diamond imports to Pakistan, with a combined X% share of total imports. Ethiopia, the United States, Tanzania and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ethiopia (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Afghanistan ($X) constituted the largest supplier of diamonds and other precious stones (unworked) to Pakistan, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with an X% share of total imports. It was followed by Thailand, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Afghanistan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Thailand (X% per year).

Import Prices by Country

The average diamond import price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price saw a perceptible downturn. The pace of growth appeared the most rapid in 2015 when the average import price increased by X%. As a result, import price reached the peak level of $X,792 per ton. From 2016 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X,000 per ton), while the price for Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :