Peru: Diamond Market 2024

Diamond Market Size in Peru

The Peruvian diamond market soared to $X in 2022, jumping by X% against the previous year. Overall, consumption continues to indicate resilient growth. Diamond consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Diamond Production in Peru

In value terms, diamond production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Diamond Exports

Exports from Peru

In 2022, approx. X tons of diamonds and other precious stones (unworked) were exported from Peru; dropping by X% compared with the year before. Over the period under review, exports recorded a mild contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then shrank markedly in the following year.

In value terms, diamond exports fell slightly to $X in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), China (X tons) and Hong Kong SAR (X tons) were the main destinations of diamond exports from Peru, together accounting for X% of total exports. Germany, Mauritius, Brazil, the Czech Republic and Thailand lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for diamond exported from Peru were Mauritius ($X), the United States ($X) and Germany ($X), with a combined X% share of total exports. Hong Kong SAR, China, Brazil, the Czech Republic and Thailand lagged somewhat behind, together accounting for a further X%.

The Czech Republic, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average diamond export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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

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

Diamond Imports

Imports into Peru

In 2022, overseas purchases of diamonds and other precious stones (unworked) were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, diamond imports soared to $X in 2022. Over the period under review, imports showed a modest increase. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest diamond supplier to Peru, accounting for a X% share of total imports. Moreover, diamond imports from Brazil exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. Chile (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Chile (X% per year).

In value terms, the United States ($X) constituted the largest supplier of diamonds and other precious stones (unworked) to Peru, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

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

Import Prices by Country

The average diamond import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the import price recorded a pronounced shrinkage. The growth pace was the most rapid in 2015 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :