U.S.: Industrial Diamonds Market 2022

Industrial Diamonds Market Size in the U.S.

In 2021, after two years of decline, there was significant growth in the U.S. industrial diamonds market, when its value increased by X% to $X. Overall, consumption, however, saw a abrupt descent. Industrial diamonds consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Industrial Diamonds Exports

Exports from the U.S.

After two years of decline, overseas shipments of industrial diamonds, dust and powder of precious or semi-precious stones increased by X% to X tons in 2021. Over the period under review, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, industrial diamonds exports surged to $X in 2021. Overall, exports, however, saw a perceptible slump. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X tons), Canada (X tons) and China (X tons) were the main destinations of industrial diamonds exports from the United States, together comprising X% of total exports. Spain, Austria, South Korea, Taiwan (Chinese), Thailand, India, Switzerland, Israel, Brazil and Belgium lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for industrial diamonds exported from the United States were Japan ($X), Canada ($X) and China ($X), with a combined X% share of total exports. Thailand, Taiwan (Chinese), South Korea, Switzerland, India, Spain, Austria, Israel, Brazil and Belgium lagged somewhat behind, together accounting for a further X terms of the main countries of destination, Spain, with a CAGR of +X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average industrial diamonds export price stood at $X per kg in 2021, leveling off at the previous year. In general, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial diamonds export price increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per kg in 2020, and then declined modestly in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($X per kg), while the average price for exports to Austria ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Diamonds Imports

Imports into the U.S.

In 2021, purchases abroad of industrial diamonds, dust and powder of precious or semi-precious stones was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, industrial diamonds imports soared to $X in 2021. Over the period under review, imports, however, saw a abrupt decline. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of industrial diamonds to the United States, with a X% share of total imports. Moreover, industrial diamonds imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), eightfold. The third position in this ranking was taken by Ireland (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-X% per year) and Ireland (-X% per year).

In value terms, China ($X) constituted the largest supplier of industrial diamonds to the United States, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with an X% share of total imports. It was followed by Ireland, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-X% per year) and Ireland (-X% per year).

Import Prices by Country

The average industrial diamonds import price stood at $X per kg in 2021, stabilizing at the previous year. In general, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial diamonds import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per kg. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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