South-Eastern Asia: Diamond Market 2024

Diamond Market Size in South-Eastern Asia

In 2022, the Southeast Asian diamond market decreased by X% to $X.8B, falling for the second consecutive year after four years of growth. Overall, consumption, however, continues to indicate a abrupt setback. The level of consumption peaked at $X.3B in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Diamond Production in South-Eastern Asia

In value terms, diamond production contracted to $X.4B in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X.7B. From 2019 to 2022, production growth failed to regain momentum.

Diamond Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of diamonds and other precious stones (unworked) increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2014 when exports increased by X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, diamond exports skyrocketed to $X in 2022. Overall, exports saw prominent growth. The pace of growth appeared the most rapid 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 lower figure.

Exports by Country

Singapore prevails in exports structure, resulting at X tons, which was near X% of total exports in 2022. Thailand (X tons) took a little share of total exports.

Singapore was also the fastest-growing in terms of the diamonds and other precious stones (unworked) exports, with a CAGR of X% from 2012 to 2022. Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Singapore increased by X percentage points.

In value terms, Singapore ($X) remains the largest diamond supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Singapore amounted to X%.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Singapore stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%).

Diamond Imports

Imports in South-Eastern Asia

In 2022, the amount of diamonds and other precious stones (unworked) imported in South-Eastern Asia skyrocketed to X tons, increasing by X% compared with 2021. Overall, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, diamond imports skyrocketed to $X in 2022. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons) was the largest importer of diamonds and other precious stones (unworked), creating X% of total imports. Vietnam (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Lao People's Democratic Republic (X%). The following importers - Singapore (X tons) and Cambodia (X tons) - together made up X% of total imports.

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

In value terms, Singapore ($X) constitutes the largest market for imported diamonds and other precious stones (unworked) in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by Cambodia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Singapore totaled X%. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Cambodia (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price, however, recorded a slight increase. The pace of growth appeared the most rapid in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X,346 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X,265 per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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