United Arab Emirates: Industrial Diamonds Market 2022

Industrial Diamonds Market Size in the United Arab Emirates

After three years of decline, the industrial diamonds market in the United Arab Emirates increased by X% to $X in 2021. Overall, consumption, however, recorded a mild decrease. Industrial diamonds consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Industrial Diamonds Production in the United Arab Emirates

In value terms, industrial diamonds production skyrocketed to $X in 2021 estimated in export price. In general, production, however, showed a dramatic decline. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Industrial Diamonds Exports

Exports from the United Arab Emirates

In 2021, the amount of industrial diamonds, dust and powder of precious or semi-precious stones exported from the United Arab Emirates soared to X tons, jumping by X% against the previous year's figure. Over the period under review, exports, however, saw a pronounced curtailment. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, industrial diamonds exports skyrocketed to $X in 2021. In general, exports, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons), Egypt (X tons) and Hungary (X tons) were the main destinations of industrial diamonds exports from the United Arab Emirates, with a combined X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (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 Arab Emirates were the Netherlands ($X), Egypt ($X) and Portugal ($X), together accounting for X% of total exports. Hungary, Switzerland, Turkey and India lagged somewhat behind, together comprising a further X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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, which is down by -X% against the previous year. Overall, the export price faced a abrupt slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per kg. From 2015 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Switzerland ($X per kg), while the average price for exports to India ($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 Egypt (+X%), while the prices for the other major destinations experienced a decline.

Industrial Diamonds Imports

Imports into the United Arab Emirates

In 2021, purchases abroad of industrial diamonds, dust and powder of precious or semi-precious stones increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, imports saw a mild increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, industrial diamonds imports reduced to $X in 2021. Over the period under review, imports, however, continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Tanzania (X tons) constituted the largest supplier of industrial diamonds to the United Arab Emirates, with a X% share of total imports. Moreover, industrial diamonds imports from Tanzania exceeded the figures recorded by the second-largest supplier, the UK (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume from Tanzania totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and China (+X% per year).

In value terms, the largest industrial diamonds suppliers to the United Arab Emirates were Tanzania ($X), the UK ($X) and China ($X), with a combined X% share of total imports.

Tanzania, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average industrial diamonds import price amounted to $X per kg, shrinking by -X% against the previous year. Over the period under review, the import price faced a dramatic descent. The pace of growth was the most pronounced in 2017 an increase of X%. As a result, import price attained the peak level of $X per kg. From 2018 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per kg), while the price for Tanzania ($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 a decline.

Source: IndexBox Platform

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