Report Update Nov 1, 2024

Sri Lanka - Diamonds (Industrial) - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Industrial Diamond Market 2024

Industrial Diamond Market Size in Sri Lanka

In 2021, the Sri Lankan industrial diamond market increased by 11% to $X for the first time since 2015, thus ending a five-year declining trend. Overall, consumption saw a strong expansion. Industrial diamond consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Industrial Diamond Production in Sri Lanka

In value terms, industrial diamond production rose notably to $X in 2021 estimated in export price. In general, production posted a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 357%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Industrial Diamond Exports

Exports from Sri Lanka

In 2021, industrial diamond exports from Sri Lanka amounted to X tons, almost unchanged from 2020 figures. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 1,878%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, industrial diamond exports contracted to $X in 2021. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 780%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Israel (X tons) was the main destination for industrial diamond exports from Sri Lanka, with a 95% share of total exports. Moreover, industrial diamond exports to Israel exceeded the volume sent to the second major destination, Belgium (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Israel totaled +101.8%.

In value terms, Israel ($X) remains the key foreign market for industrial diamond exports from Sri Lanka, comprising 95% of total exports. The second position in the ranking was taken by Belgium ($X), with a 5.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Israel stood at +78.7%.

Export Prices by Country

In 2021, the average industrial diamond export price amounted to $X per kg, declining by -15.2% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 an increase of 64%. The export price peaked at $X per kg in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Israel ($X per kg), while the average price for exports to Belgium stood at $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Israel (-11.4%).

Industrial Diamond Imports

Imports into Sri Lanka

In 2021, industrial diamond imports into Sri Lanka surged to X tons, growing by 75% against 2020. Overall, imports saw a resilient increase. The growth pace was the most rapid in 2014 when imports increased by 506%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, industrial diamond imports skyrocketed to $X in 2021. Over the period under review, imports showed a resilient expansion. The pace of growth was the most pronounced in 2017 when imports increased by 749%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons) and Israel (X kg) were the main suppliers of industrial diamond imports to Sri Lanka.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +10.3%).

In value terms, Belgium ($X) and Israel ($X) were the largest industrial diamond suppliers to Sri Lanka.

In terms of the main suppliers, Belgium, with a CAGR of +6.9%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average industrial diamond import price stood at $X per kg in 2021, shrinking by -12.4% against the previous year. Over the period under review, the import price recorded a perceptible reduction. The pace of growth was the most pronounced in 2017 an increase of 60%. The import price peaked at $X per kg in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per kg), while the price for Israel stood at $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-3.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The United Arab Emirates constituted the country with the largest volume of industrial diamond consumption, comprising approx. 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?

Angola constituted the country with the largest volume of industrial diamond production, 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 Sri Lanka?

In value terms, Belgium constituted the largest supplier of industrial diamond to Sri Lanka.

What are the leading importers of diamonds (industrial) from Sri Lanka?

In value terms, Israel remains the key foreign market for industrial diamond exports from Sri Lanka.

What is the average export price for diamonds (industrial) in Sri Lanka?

The average industrial diamond export price stood at $6.5 per kg in 2021, remaining stable against the previous year.

What is the average import price for diamonds (industrial) in Sri Lanka?

In 2021, the average industrial diamond import price amounted to $20 per kg, with an increase of 15% against the previous year.

This report provides an in-depth analysis of the industrial diamond market in Sri Lanka. 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:

Sri Lanka

Data coverage:

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