Cyprus: Industrial Diamond Market 2020

Industrial Diamond Market Size in Cyprus

The revenue of the industrial diamond market in Cyprus amounted to $X in 2018, therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, industrial diamond consumption continues to indicate an outstanding increase. The growth pace was the most rapid in 2010 when the market value increased by X% year-to-year. In that year, the industrial diamond market attained its peak level of $X. From 2011 to 2018, the growth of the industrial diamond market remained at a somewhat lower figure.

Industrial Diamond Exports

Exports by Country

Russia (X tons), Angola (X tons), India (X tons) and Belgium (X tons) represented roughly X% of total exports of diamonds (industrial) in 2018. It was distantly followed by Botswana (X tons), creating a X% share of total exports. The UK (X tons) and Israel (X tons) held a relatively small share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by India, while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the largest industrial diamond supplier from Cyprus, comprising X% of global exports. The second position in the ranking was occupied by the UK ($X), with a X% share of global exports. It was followed by Botswana, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Russia amounted to +X%. In the other countries, the average annual rates were as follows: the UK (-X% per year) and Botswana (-X% per year).

Export Prices by Country

In 2018, the industrial diamond export price in Cyprus amounted to $X per ton, stabilizing at the previous year. In general, the industrial diamond export price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the UK ($X per ton), while Israel ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the UK, while the other leaders experienced more modest paces of growth.

Industrial Diamond Imports

Imports into Cyprus

In 2010, the amount of diamonds (industrial) imported into Cyprus totaled X kg, increasing by X% against the previous year. Overall, industrial diamond imports continue to indicate a skyrocketing increase. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. In that year, industrial diamond imports attained their peak and are likely to continue its growth in the immediate term.

In value terms, industrial diamond imports stood at $X in 2010. Overall, industrial diamond imports continue to indicate an outstanding expansion. The most prominent rate of growth was recorded in 2012 when imports increased by X% y-o-y. In that year, industrial diamond imports attained their peak of $X. From 2013 to 2010, the growth of industrial diamond imports remained at a lower figure.

Imports by Country

In 2018, Egypt (X tons) was the main importer of diamonds (industrial), generating X% of total imports. Belgium (X tons) ranks second in terms of the total imports with a X% share, followed by Venezuela (X%) and Angola (X%). The UK (X tons), Israel (X tons), the United Arab Emirates (X tons), India (X tons), the U.S. (X tons) and Ireland (X tons) took a relatively small share of total imports.

Egypt was also the fastest-growing in terms of the diamonds (industrial) imports, with a CAGR of +X% from 2007 to 2018. At the same time, India (+X%) and Venezuela (+X%) displayed positive paces of growth. By contrast, Israel (-X%), the U.S. (-X%), the United Arab Emirates (-X%), the UK (-X%), Ireland (-X%), Belgium (-X%) and Angola (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Egypt, Venezuela and India increased by +X%, +X% and +X% percentage points, while Israel (-X p.p.), the U.S. (-X p.p.), Ireland (-X p.p.), the United Arab Emirates (-X p.p.), the UK (-X p.p.), Belgium (-X p.p.) and Angola (-X p.p.) saw their share reduced.

In value terms, Belgium ($X), the United Arab Emirates ($X) and India ($X) were the countries with the highest levels of imports in 2018, together accounting for X% of total imports. The U.S., the UK, Israel, Egypt, Ireland, Cyprus, Angola and Venezuela lagged somewhat behind, together accounting for a further X (+X% per year) recorded the highest rates of growth with regard to imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the industrial diamond import price in Cyprus amounted to $X per ton, leveling off at the previous year. Overall, the industrial diamond import price continues to indicate extraordinary growth. The pace of growth was the most pronounced in 2010 an increase of X% against the previous year. In that year, the import prices for diamonds (industrial) reached their peak level of $X per ton. From 2011 to 2018, the growth in terms of the import prices for diamonds (industrial) remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the United Arab Emirates ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Angola, while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform