Austria - Diamonds (Industrial) - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Austria: Industrial Diamond Market Overview 2020

Industrial Diamond Market Size in Austria

The revenue of the industrial diamond market in Austria amounted to $X in 2018, going up by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, the industrial diamond market attained its maximum level in 2018 and is likely to see steady growth in the immediate term.

Industrial Diamond Production in Austria

In value terms, industrial diamond production stood at $X in 2018 estimated in export prices. Overall, the total output indicated prominent growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, industrial diamond production increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, industrial diamond production attained its peak figure level in 2018 and is likely to continue its growth in the immediate term.

Industrial Diamond Exports

Exports from Austria

In 2018, approx. X kg of diamonds (industrial) were exported from Austria; coming down by -X% against the previous year. Overall, industrial diamond exports continue to indicate a sharp decrease. The growth pace was the most rapid in 2012 when exports increased by X% y-o-y. In that year, industrial diamond exports reached their peak of X tonnes. From 2013 to 2018, the growth of industrial diamond exports remained at a lower figure.

In value terms, industrial diamond exports totaled $X in 2018. In general, industrial diamond exports continue to indicate an abrupt decline. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. In that year, industrial diamond exports attained their peak of $X. From 2016 to 2018, the growth of industrial diamond exports remained at a somewhat lower figure.

Exports by Country

The U.S. (X kg) was the main destination for industrial diamond exports from Austria, with a approx. X% share of total exports.

From 2007 to 2018, the average annual growth rate of volume to the U.S. stood at -X%.

In value terms, the U.S. ($X) also remains the key foreign market for industrial diamond exports from Austria.

From 2007 to 2018, the average annual rate of growth in terms of value to the U.S. stood at +X%.

Export Prices by Country

The average industrial diamond export price stood at $X per tonne in 2018, jumping by X% against the previous year. Over the period under review, the industrial diamond export price continues to indicate an extraordinary expansion. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices for diamonds (industrial) reached their maximum at $X per tonne in 2016; however, from 2017 to 2018, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the U.S..

From 2007 to 2018, the rate of growth in terms of prices for the U.S. amounted to +X% per year.

Industrial Diamond Imports

Imports into Austria

Industrial diamond imports into Austria totaled X tonnes in 2018, going down by -X% against the previous year. Over the period under review, industrial diamond imports continue to indicate a drastic decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, industrial diamond imports attained their maximum at X tonnes in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, industrial diamond imports stood at $X in 2018. In general, industrial diamond imports continue to indicate a drastic curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, industrial diamond imports attained their maximum at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Botswana (X kg) constituted the largest supplier of industrial diamond to Austria, accounting for a X% share of total imports. Moreover, industrial diamond imports from Botswana exceeded the figures recorded by the second-largest supplier, Canada (X kg), fivefold. The UK (X kg) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Botswana amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+X% per year) and the UK (-X% per year).

In value terms, the UK ($X) constituted the largest supplier of industrial diamond to Austria, comprising X% of total industrial diamond imports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total imports. It was followed by Australia, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from the UK stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and Australia (-X% per year).

Import Prices by Country

In 2018, the average industrial diamond import price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the industrial diamond import price continues to indicate a remarkable expansion. The growth pace was the most rapid in 2013 an increase of X% against the previous year. In that year, the average import prices for diamonds (industrial) attained their peak level of $X per tonne. From 2014 to 2018, the growth in terms of the average import prices for diamonds (industrial) remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Belgium ($X per tonne), while the price for Botswana ($X per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform