The global export market for worked industrial diamonds shows Singapore leading with significant value, despite a decrease of 3.8% in 2023. The United States and Italy follow, experiencing divergent trends with Italy increasing by 6.91%. Notable growth occurred in India's exports, soaring by 141.98%, amidst declines in several European countries like Sweden, Greece, and Austria. Consistent growth in smaller markets, such as Canada and Denmark, highlights a shift in export dynamics. Japan faced a notable downturn of 29.95%.
Future trends to watch include potential shifts toward emerging markets with burgeoning capabilities, like India, which may alter the current hierarchy. Furthermore, technological advancements in diamond processing could influence the geographic distribution of exports, possibly increasing competitiveness for smaller markets expanding their industrial capacities.
Top countries in Export of Worked Industrial Diamonds by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Singapore | 51,890,000 | 2023 | -11.62% | -3.8% | View data |
| 2 | 2 United States | 7,684,500 | 2023 | -3.27% | -3% | View data |
| 3 | 3 Italy | 6,394,300 | 2023 | +4.74% | +6.91% | View data |
| 4 | 4 Belgium | 4,808,100 | 2023 | +4.39% | +5.11% | View data |
| 5 | 5 Switzerland | 2,709,800 | 2023 | +0.13% | -5.92% | View data |
| 6 | 6 Malaysia | 2,579,400 | 2023 | -2.34% | -5.88% | View data |
| 7 | 7 United Kingdom | 2,313,000 | 2023 | -8.98% | -7.58% | View data |
| 8 | 8 Thailand | 2,297,500 | 2023 | +2.76% | -2.06% | View data |
| 9 | 9 Germany | 2,163,400 | 2023 | -0.12% | -0.37% | View data |
| 10 | 10 India | 2,125,500 | 2023 | +1.05% | +141.98% | View data |
