Thailand: Industrial Diamond Market 2025

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

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