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

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