The import of grindstones of synthetic or natural diamond to China has experienced significant fluctuations over the period analyzed. Actual data shows a peak in 2014 at 1.2871 million kilograms, followed by a steep decline in 2016 to 0.76604 million kilograms. Since then, the volume has slowly but steadily decreased, culminating in a volume of 0.72134 million kilograms in 2023. Year-on-year variations reflect the volatility, with notable reductions in 2016 (-38.25%) and periodic increases such as in 2017 (5.7%) and 2018 (5.08%). The average annual decline over the last five years stands at approximately -3.25%. The forecast for the period between 2024 and 2028 suggests a continuing downward trend at a compound annual growth rate of -2.8%, predicting a 13.23% reduction over the five years.
Future trends to watch for:
- Technological advancements in synthetic diamond production which could influence import volumes.
- Economic factors in China, including manufacturing growth rates and demand in key industries utilizing grindstones.
- Global trade policies and potential tariffs affecting import costs.
- Sustainability and environmental regulations that may impact synthetic diamond production and usage.
