Report Update Nov 1, 2024

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

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Thailand: Industrial Diamond Market 2024

Industrial Diamond Market Size in Thailand

The Thai industrial diamond market was finally on the rise to reach $X in 2021, after five years of decline. Over the period under review, consumption recorded a resilient increase. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Industrial Diamond Production in Thailand

In value terms, industrial diamond production expanded remarkably to $X in 2021 estimated in export price. Overall, production recorded a pronounced increase. The pace of growth was the most pronounced in 2013 with an increase of 443%. Industrial diamond production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Industrial Diamond Exports

Exports from Thailand

In 2020, overseas shipments of diamonds (industrial) decreased by -55% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a slight decline. The pace of growth was the most pronounced in 2018 when exports increased by 336%. As a result, the exports attained the peak of X tons. From 2019 to 2020, the growth of the exports remained at a lower figure.

In value terms, industrial diamond exports dropped dramatically to $X in 2020. In general, exports showed a deep downturn. The pace of growth was the most pronounced in 2018 when exports increased by 203% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2020, the growth of the exports remained at a lower figure.

Exports by Country

Israel (X tons) was the main destination for industrial diamond exports from Thailand, with a 92% share of total exports. Moreover, industrial diamond exports to Israel exceeded the volume sent to the second major destination, the UK (X kg), more than tenfold.

From 2012 to 2020, the average annual rate of growth in terms of volume to Israel totaled +29.5%.

In value terms, the largest markets for industrial diamond exported from Thailand were Israel ($X) and the UK ($X).

The UK, with a CAGR of +7.1%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2020, the average industrial diamond export price amounted to $X per kg, waning by -34.5% against the previous year. In general, the export price showed a abrupt decrease. The pace of growth appeared the most rapid in 2013 an increase of 289% against the previous year. As a result, the export price attained the peak level of $X per kg. From 2014 to 2020, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per kg), while the average price for exports to Israel amounted to $X per kg.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+54.3%), while the prices for the other major destinations experienced mixed trend patterns.

Industrial Diamond Imports

Imports into Thailand

In 2021, imports of diamonds (industrial) into Thailand shrank modestly to X tons, approximately reflecting the previous year's figure. Overall, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 268% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, industrial diamond imports fell sharply to $X in 2021. Over the period under review, imports showed a dramatic contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 53%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Botswana (X tons), Belgium (X tons) and the United States (X kg) were the main suppliers of industrial diamond imports to Thailand, with a combined 95% share of total imports. Singapore lagged somewhat behind, accounting for a further 4.9%.

From 2012 to 2021, the biggest increases were in Singapore (with a CAGR of +37.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest industrial diamond suppliers to Thailand were Belgium ($X), Botswana ($X) and the United States ($X), together comprising 96% of total imports.

Botswana, with a CAGR of +19.4%, recorded the highest growth rate of 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, declining by -25% against the previous year. In general, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 103% against the previous year. The import price peaked at $X per kg in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guinea (+67.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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, 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. China ranked third in terms of total consumption with a 3.4% share.

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

Angola remains the largest industrial diamond producing country worldwide, accounting for 25% of total volume. Moreover, industrial diamond production in Angola exceeded the figures recorded by the second-largest producer, China, threefold. Canada ranked third in terms of total production with an 8.1% share.

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

In value terms, Belgium, Botswana and the United States appeared to be the largest industrial diamond suppliers to Thailand.

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

In value terms, the largest markets for industrial diamond exported from Thailand were Israel and the UK.

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

In 2020, the average industrial diamond export price amounted to $3.9 per kg, jumping by 64% against the previous year.

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

In 2021, the average industrial diamond import price amounted to $8.4 per kg, falling by -30.3% against the previous year.

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

Thailand

Data coverage:

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