Thailand's import of diamonds has shown substantial variability over the years. The period from 2013 to 2016 experienced a declining trend, with the sharpest drop occurring in 2014 at -26.23%. A significant rebound occurred in 2017 with a 137.38% increase, marking the start of a growth phase. By 2023, the import value of diamonds stood at 2.4305 Billion US Dollars. The year-on-year variation for 2023 was 3.61%, while the compound annual growth rate (CAGR) over the last 5 years was 2.32%.
- From 2024 onwards, forecasted data indicates continuous growth with a CAGR of 2.63% expected over the next five years, reaching a forecasted value of 2.873 Billion US Dollars by 2028. This represents a 13.85% increase compared to 2023.
Future trends to watch for include potential effects of global economic conditions, changes in consumer demand for diamonds in Thailand, technological advancements in diamond production, and shifts in trade policies affecting diamond imports.
