EU: Industrial Diamond Market 2024

Industrial Diamond Market Size in the EU

The EU industrial diamond market amounted to $X in 2022, surging by X% against the previous year. Overall, consumption, however, continues to indicate significant growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Industrial Diamond Production in the EU

In value terms, industrial diamond production shrank to $X in 2022 estimated in export price. In general, production, however, recorded a strong increase. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Industrial Diamond Exports

Exports in the EU

In 2022, industrial diamond exports in the European Union soared to X carats, picking up by X% against the year before. In general, exports saw a resilient expansion. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, industrial diamond exports skyrocketed to $X in 2022. Over the period under review, exports recorded strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Belgium prevails in exports structure, resulting at X carats, which was approx. X% of total exports in 2022. It was distantly followed by Ireland (X carats), generating a X% share of total exports.

Exports from Belgium increased at an average annual rate of X% from 2012 to 2022. At the same time, Ireland (X%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Ireland (X p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Belgium ($X) remains the largest industrial diamond supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Ireland ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Belgium amounted to X%.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per kg, growing by X% against the previous year. Over the period under review, the export price, however, recorded a abrupt downturn. The growth pace was the most rapid in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per kg in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per kg), while Ireland amounted to $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (X%).

Industrial Diamond Imports

Imports in the EU

In 2022, industrial diamond imports in the European Union amounted to X carats, flattening at 2021 figures. Over the period under review, imports continue to indicate a notable expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X carats in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, industrial diamond imports soared to $X in 2022. Overall, imports recorded a measured increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium dominates imports structure, resulting at X carats, which was approx. X% of total imports in 2022. Ireland (X carats) held the second position in the ranking, followed by Italy (X carats). All these countries together took near X% share of total imports. Greece (X carats), Spain (X carats) and Germany (X carats) followed a long way behind the leaders.

Imports into Belgium increased at an average annual rate of X% from 2012 to 2022. At the same time, Greece (X%), Ireland (X%), Spain (X%) and Germany (X%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Italy (X%) illustrated a downward trend over the same period. While the share of Belgium (X p.p.), Greece (X p.p.) and Ireland (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Italy (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported diamonds (industrial) in the European Union, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Ireland, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Belgium totaled X%. In the other countries, the average annual rates were as follows: Italy (X% per year) and Ireland (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per kg in 2022, picking up by X% against the previous year. In general, the import price showed a modest expansion. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per kg. From 2021 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($X per kg), while Greece ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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