Report Republic of Korea - Industrial Diamonds, Dust and Powder of Precious or Semi-Precious Stones - Market Analysis, Forecast, Size, Trends and Insights for 499$

Report Update Nov 1, 2024

Republic of Korea - Industrial Diamonds, Dust and Powder of Precious or Semi-Precious Stones - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Industrial Diamonds Market 2022

Industrial Diamonds Market Size in Republic of Korea

In 2021, the South Korean industrial diamonds market increased by X% to $X, rising for the second consecutive year after three years of decline. In general, consumption saw prominent growth. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the near future.

Industrial Diamonds Exports

Exports from Republic of Korea

In 2021, overseas shipments of industrial diamonds, dust and powder of precious or semi-precious stones were finally on the rise to reach X tons after two years of decline. In general, exports, however, recorded a drastic downturn. 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 tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, industrial diamonds exports skyrocketed to $X in 2021. Overall, exports, however, recorded a deep contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons), Vietnam (X tons) and Japan (X tons) were the main destinations of industrial diamonds exports from South Korea, with a combined X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +X%), while the other leaders experienced mixed trend patterns.

In value terms, Japan ($X), China ($X) and the United States ($X) appeared to be the largest markets for industrial diamonds exported from South Korea worldwide, together accounting for X% of total exports. Taiwan (Chinese), Vietnam, Germany and India lagged somewhat behind, together comprising a further X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average industrial diamonds export price stood at $X per kg in 2021, rising by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X%. The export price peaked at $X per kg in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Taiwan (Chinese) ($X per kg), while the average price for exports to Vietnam ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Diamonds Imports

Imports into Republic of Korea

In 2021, overseas purchases of industrial diamonds, dust and powder of precious or semi-precious stones increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial diamonds imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main supplier of industrial diamonds to South Korea, accounting for a X% share of total imports. Moreover, industrial diamonds imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +X%.

In value terms, China ($X) constituted the largest supplier of industrial diamonds to South Korea, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with an X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +X%.

Import Prices by Country

In 2021, the average industrial diamonds import price amounted to $X per kg, rising by X% against the previous year. Overall, the import price, however, showed a perceptible contraction. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per kg in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($X per kg), while the price for China totaled $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial diamonds, dust and powder of precious or semi-precious stones in the world?

Thailand constituted the country with the largest volume of industrial diamonds consumption, accounting for 81% of total volume. Moreover, industrial diamonds consumption in Thailand exceeded the figures recorded by the second-largest consumer, Spain, more than tenfold. The third position in this ranking was occupied by China, with a 4.8% share.

What are the largest producers of industrial diamonds, dust and powder of precious or semi-precious stones in the world?

China remains the largest industrial diamonds producing country worldwide, accounting for 78% of total volume. Moreover, industrial diamonds production in China exceeded the figures recorded by the second-largest producer, Namibia, eightfold. Central African Republic ranked third in terms of total production with a 2.7% share.

What are the leading suppliers of industrial diamonds, dust and powder of precious or semi-precious stones to Republic of Korea?

In value terms, China constituted the largest supplier of industrial diamonds to South Korea, comprising 68% of total imports. The second position in the ranking was occupied by the United States, with an 11% share of total imports. It was followed by Switzerland, with a 7.9% share.

What are the leading importers of industrial diamonds, dust and powder of precious or semi-precious stones from Republic of Korea?

In value terms, the largest markets for industrial diamonds exported from South Korea were Japan, China and the United States, together comprising 69% of total exports. These countries were followed by Taiwan Chinese), Vietnam, Germany and India, which together accounted for a further 24%.

What is the average export price for industrial diamonds, dust and powder of precious or semi-precious stones in Republic of Korea?

The average industrial diamonds export price stood at $0.4 per kg in 2021, with an increase of 48% against the previous year.

What is the average import price for industrial diamonds, dust and powder of precious or semi-precious stones in Republic of Korea?

The average industrial diamonds import price stood at $0.1 per kg in 2021, increasing by 3.8% against the previous year.

This report provides an in-depth analysis of the industrial diamonds market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32121200 - Industrial diamonds, worked, dust and powder of natural or synthetic precious or semi-precious stones

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023