Report Update Nov 1, 2024

South Africa - Diamonds (Industrial) - Market Analysis, Forecast, Size, Trends and Insights

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South Africa: Industrial Diamond Market 2024

Industrial Diamond Market Size in South Africa

After five years of decline, the South African industrial diamond market increased by 20% to $X in 2021. Overall, consumption recorded a buoyant increase. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Industrial Diamond Production in South Africa

In value terms, industrial diamond production surged to $X in 2021 estimated in export price. Over the period under review, production saw a noticeable expansion. The most prominent rate of growth was recorded in 2013 with an increase of 204%. Industrial diamond production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Industrial Diamond Exports

Exports from South Africa

In 2021, the amount of diamonds (industrial) exported from South Africa surged to X tons, with an increase of 143% against the previous year. Over the period under review, exports, however, saw a abrupt decline. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, industrial diamond exports surged to $X in 2021. Overall, exports, however, saw a deep slump. The pace of growth appeared the most rapid in 2019 with an increase of 864%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), Botswana (X tons) and Belgium (X tons) were the main destinations of industrial diamond exports from South Africa, with a combined 99% share of total exports.

From 2012 to 2021, the biggest increases were in Botswana (with a CAGR of +8.2%), while shipments for the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for industrial diamond exports from South Africa, comprising 70% of total exports. The second position in the ranking was held by Belgium ($X), with a 20% share of total exports. It was followed by Botswana, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled -4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-30.4% per year) and Botswana (-1.6% per year).

Export Prices by Country

The average industrial diamond export price stood at $X per kg in 2021, surging by 171% against the previous year. Overall, the export price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2019 an increase of 625% against the previous year. As a result, the export price attained the peak level of $X per kg. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was India ($X per kg), while the average price for exports to Botswana ($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 UK (+34.6%), while the prices for the other major destinations experienced mixed trend patterns.

Industrial Diamond Imports

Imports into South Africa

In 2021, approx. X tons of diamonds (industrial) were imported into South Africa; with an increase of 22,937% against the previous year's figure. Overall, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial diamond imports skyrocketed to $X in 2021. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates (X tons), Democratic Republic of the Congo (X tons) and Belgium (X tons) were the main suppliers of industrial diamond imports to South Africa.

From 2012 to 2021, the biggest increases were in the United Arab Emirates (with a CAGR of +109.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest industrial diamond suppliers to South Africa were the United Arab Emirates ($X), Democratic Republic of the Congo ($X) and Belgium ($X).

The United Arab Emirates, with a CAGR of +103.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average industrial diamond import price stood at $X per kg in 2021, shrinking by -33.9% against the previous year. Over the period under review, the import price, however, posted a strong expansion. The pace of growth appeared the most rapid in 2018 an increase of 2,441% against the previous year. As a result, import price reached the peak level of $X per kg. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Democratic Republic of the Congo ($X per kg), while the price for Belgium ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for diamonds (industrial) in the world?

The United Arab Emirates remains the largest industrial diamond consuming country worldwide, accounting for 59% of total volume. Moreover, industrial diamond consumption in the United Arab Emirates exceeded the figures recorded by the second-largest consumer, Ireland, threefold. The third position in this ranking was occupied by China, with a 3.4% share.

What are the largest producers of diamonds (industrial) in the world?

The country with the largest volume of industrial diamond production was Angola, comprising approx. 25% of total volume. Moreover, industrial diamond production in Angola exceeded the figures recorded by the second-largest producer, China, threefold. The third position in this ranking was occupied by Canada, with an 8.1% share.

What are the leading suppliers of diamonds (industrial) to South Africa?

In value terms, Belgium and Democratic Republic of the Congo appeared to be the largest industrial diamond suppliers to South Africa.

What are the leading importers of diamonds (industrial) from South Africa?

In value terms, Botswana remains the key foreign market for industrial diamond exports from South Africa.

What is the average export price for diamonds (industrial) in South Africa?

In 2021, the average industrial diamond export price amounted to $3.7 per kg, growing by 10% against the previous year.

What is the average import price for diamonds (industrial) in South Africa?

The average industrial diamond import price stood at $4.3 per kg in 2021, reducing by -16.9% against the previous year.

This report provides an in-depth analysis of the industrial diamond market in South Africa. 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 08992200 - Industrial diamonds, unworked or simply sawn, cleaved or bruted, pumice stone, emery, natural corundum, natural garnet and other natural abrasives

Country coverage:

South Africa

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in South Africa
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