Report Update Nov 1, 2024

Western Africa - Non-Industrial Diamonds - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Non-Industrial Diamond Market 2022

Production By Country in Western Africa

Sierra Leone (X tons) constituted the country with the largest volume of non-industrial diamond production, accounting for X% of total volume. Moreover, non-industrial diamond production in Sierra Leone exceeded the figures recorded by the second-largest producer, Cote d'Ivoire (X tons), threefold. The third position in this ranking was occupied by Guinea (X tons), with a X% share.

In Sierra Leone, non-industrial diamond production increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Guinea (-X% per year).

Non-Industrial Diamond Exports

Exports in Western Africa

In 2020, the amount of non-industrial diamonds exported in Western Africa dropped significantly to X kg, shrinking by -X% compared with the year before. Overall, exports saw a abrupt curtailment. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2011 to 2020, the growth of the exports remained at a lower figure.

In value terms, non-industrial diamond exports dropped notably to $X in 2020. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. The level of export peaked at $X in 2014; however, from 2015 to 2020, the exports remained at a lower figure.

Exports by Country

In 2020, Sierra Leone (X kg) and Liberia (X kg) were the major exporters of non-industrial diamonds in Western Africa, together achieving X% of total exports. It was distantly followed by Guinea (X kg), generating a X% share of total exports. Ghana (X kg) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in Liberia (+X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Sierra Leone ($X) remains the largest non-industrial diamond supplier in Western Africa, comprising X% of total exports. The second position in the ranking was occupied by Liberia ($X), with an X% share of total exports. It was followed by Guinea, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Sierra Leone amounted to -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Liberia (+X% per year) and Guinea (-X% per year).

Export Prices by Country

In 2020, the non-industrial diamond export price in Western Africa amounted to $X per kg, surging by X% against the previous year. In general, the export price enjoyed measured growth. The most prominent rate of growth was recorded in 2011 when the export price increased by X% year-to-year. The level of export peaked at $X per kg in 2016; however, from 2017 to 2020, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Sierra Leone ($X per kg), while Liberia ($X per kg) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Ghana (+X%), while the other leaders experienced more modest paces of growth.

Non-Industrial Diamond Imports

Imports in Western Africa

In 2020, non-industrial diamond imports in Western Africa declined significantly to X tons, waning by -X% on the previous year's figure. Overall, imports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2013 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, non-industrial diamond imports dropped to $X in 2020. In general, imports showed a perceptible decrease. The growth pace was the most rapid in 2018 when imports increased by X% y-o-y. The level of import peaked at $X in 2009; however, from 2010 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Ghana dominates non-industrial diamond imports structure, resulting at X tons, which was approx. X% of total imports in 2020. Cote d'Ivoire (X kg) followed a long way behind the leaders.

Ghana was also the fastest-growing in terms of the non-industrial diamonds imports, with a CAGR of -X% from 2007 to 2020. Cote d'Ivoire (-X%) illustrated a downward trend over the same period. Ghana (+X p.p.) and Cote d'Ivoire (+X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported non-industrial diamonds in Western Africa, comprising X% of total imports. The second position in the ranking was occupied by Cote d'Ivoire ($X), with a X% share of total imports.

In Ghana, non-industrial diamond imports decreased by an average annual rate of -X% over the period from 2007-2020.

Import Prices by Country

The non-industrial diamond import price in Western Africa stood at $X per ton in 2020, increasing by X% against the previous year. In general, the import price recorded a significant increase. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2009; however, from 2010 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Cote d'Ivoire ($X per ton), while Ghana amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for non-industrial diamonds in Western Africa?

Sierra Leone constituted the country with the largest volume of non-industrial diamond consumption, comprising approx. 59% of total volume. Moreover, non-industrial diamond consumption in Sierra Leone exceeded the figures recorded by the second-largest consumer, Cote d'Ivoire, threefold. Guinea ranked third in terms of total consumption with a 16% share.

What are the largest producers of non-industrial diamonds in Western Africa?

Sierra Leone remains the largest non-industrial diamond producing country in Western Africa, accounting for 59% of total volume. Moreover, non-industrial diamond production in Sierra Leone exceeded the figures recorded by the second-largest producer, Cote d'Ivoire, threefold. The third position in this ranking was occupied by Guinea, with a 16% share.

What are the leading suppliers of non-industrial diamonds in Western Africa?

In value terms, Sierra Leone remains the largest non-industrial diamond supplier in Western Africa, comprising 79% of total exports. The second position in the ranking was occupied by Liberia, with an 11% share of total exports. It was followed by Guinea, with a 9.3% share.

What are the leading importers of non-industrial diamonds in Western Africa?

In value terms, Ghana constitutes the largest market for imported non-industrial diamonds in Western Africa, comprising 4.8% of total imports. The second position in the ranking was occupied by Cote d'Ivoire, with a 1.1% share of total imports.

What is the average export price for non-industrial diamonds in Western Africa?

The non-industrial diamond export price in Western Africa stood at $402,982 per kg in 2020, increasing by 539% against the previous year.

What is the average import price for non-industrial diamonds in Western Africa?

The non-industrial diamond import price in Western Africa stood at $527,628 per ton in 2020, surging by 50% against the previous year.

This report provides an in-depth analysis of the non-industrial diamond market in Western Africa. 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 2025.

Product coverage:

Country coverage:

Benin
Burkina Faso
Cabo Verde
Gambia
Ghana
Guinea
Guinea-Bissau
Liberia
Mali
Mauritania
Niger
Nigeria
Saint Helena, Ascension and Tristan da Cunha
Senegal
Sierra Leone
Togo
Cote d'Ivoire

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Western Africa, split by region and country
Trade (exports and imports) in Western Africa
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. CONSUMPTION BY COUNTRY
3. 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
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
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, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023