CIS: Industrial Diamonds Market 2022

Industrial Diamonds Market Size in CIS

The CIS industrial diamonds market declined to $X in 2021, falling by -X% against the previous year. Overall, consumption enjoyed a strong expansion. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

Industrial Diamonds Production in CIS

In value terms, industrial diamonds production reached $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Industrial Diamonds Exports

Exports in CIS

In 2021, approx. X tons of industrial diamonds, dust and powder of precious or semi-precious stones were exported in the CIS; growing by X% compared with the previous year. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, industrial diamonds exports soared to $X in 2021. In general, exports saw a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2021. It was distantly followed by Belarus (X tons), committing a X% share of total exports. Armenia (X tons) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to industrial diamonds exports from Russia stood at -X%. At the same time, Belarus (+X%) and Armenia (+X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +X% from 2012-2021. Belarus (+X p.p.) and Armenia (+X p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by -X% from 2012 to 2021, respectively.

In value terms, Armenia ($X) emerged as the largest industrial diamonds supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Armenia totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (-X% per year) and Belarus (+X% per year).

Export Prices by Country

The export price in the CIS stood at $X per kg in 2021, with an increase of X% against the previous year. In general, the export price showed a resilient expansion. The growth pace was the most rapid in 2020 when the export price increased by X%. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Armenia (+X%), while the other leaders experienced a decline in the export price figures.

Industrial Diamonds Imports

Imports in CIS

In 2021, industrial diamonds imports in the CIS expanded markedly to X tons, rising by X% against the year before. Over the period under review, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, industrial diamonds imports dropped to $X in 2021. In general, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Russia (X tons) was the main importer of industrial diamonds, dust and powder of precious or semi-precious stones, achieving X% of total imports. It was distantly followed by Belarus (X tons), generating a X% share of total imports. Kazakhstan (X tons) took a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to industrial diamonds imports into Russia stood at +X%. At the same time, Belarus (+X%) and Kazakhstan (+X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of +X% from 2012-2021. From 2012 to 2021, the share of Belarus and Kazakhstan increased by +X and +X percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported industrial diamonds, dust and powder of precious or semi-precious stones in the CIS, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (+X% per year) and Kazakhstan (-X% per year).

Import Prices by Country

The import price in the CIS stood at $X per kg in 2021, declining by -X% against the previous year. Import price indicated mild growth 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 2018 indices. The pace of growth appeared the most rapid in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per kg in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Russia ($X per kg), while Kazakhstan (less than $X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+X%), while the other leaders experienced a decline in the import price figures.

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Source: IndexBox Platform

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