Sweden: Diamond Market 2024

Diamond Market Size in Sweden

After three years of growth, the Swedish diamond market decreased by X% to $X in 2022. Over the period under review, consumption, however, recorded buoyant growth. As a result, consumption attained the peak level of $X, and then dropped notably in the following year.

Diamond Production in Sweden

In value terms, diamond production reached $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Diamond Exports

Exports from Sweden

In 2022, exports of diamonds and other precious stones (unworked) from Sweden declined to X kg, waning by X% compared with 2021 figures. In general, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, diamond exports skyrocketed to $X in 2022. Overall, exports showed a noticeable shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X kg), the United States (X kg) and Thailand (X kg) were the main destinations of diamond exports from Sweden, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) emerged as the key foreign market for diamonds and other precious stones (unworked) exports from Sweden, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Thailand, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at X.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Thailand (X% per year).

Export Prices by Country

The average diamond export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price recorded a significant increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to the United States ($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 Iceland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Diamond Imports

Imports into Sweden

After five years of growth, supplies from abroad of diamonds and other precious stones (unworked) decreased by X% to X tons in 2022. Overall, imports, however, saw resilient growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then fell sharply in the following year.

In value terms, diamond imports rose markedly to $X in 2022. In general, imports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of diamond to Sweden, with a X% share of total imports. Moreover, diamond imports from Belgium exceeded the figures recorded by the second-largest supplier, South Africa (X tons), fourfold. Germany (X kg) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Germany (X% per year).

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

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

Import Prices by Country

The average diamond import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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