Austria: Industrial Diamond Market Overview 2021

Industrial Diamond Market Size in Austria

In 2020, the Austrian industrial diamond market increased by X% to $X, rising for the third year in a row after three years of decline. Overall, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X. From 2010 to 2020, the growth of the market failed to regain the momentum.

Industrial Diamond Production in Austria

In value terms, industrial diamond production skyrocketed to $X in 2020 estimated in export prices. In general, the total production indicated modest growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2017 indices. The growth pace was the most rapid in 2009 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. From 2010 to 2020, production growth remained at a lower figure.

Industrial Diamond Exports

Exports from Austria

In 2020, shipments abroad of diamonds (industrial) increased by X% to X tonnes, rising for the third year in a row after two years of decline. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2012 when exports increased by X% against the previous year. Exports peaked in 2020 and are likely to see steady growth in the near future.

In value terms, industrial diamond exports reached $X in 2020. In general, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Canada (X tonnes) was the main destination for industrial diamond exports from Austria, with a X% share of total exports. It was followed by the U.S. (X kg), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Canada stood at +X%.

In value terms, the largest markets for industrial diamond exported from Austria were Canada ($X) and the U.S. ($X), together comprising X% of total exports.

Canada recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2020, the average industrial diamond export price amounted to $X per kg, reducing by -X% against the previous year. Over the period under review, the export price showed a deep slump. The growth pace was the most rapid in 2015 when the average export price increased by X% y-o-y. As a result, export price reached the peak level of $X per kg. From 2016 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per kg), while the average price for exports to Canada totaled $X per kg.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S..

Industrial Diamond Imports

Imports into Austria

In 2020, supplies from abroad of diamonds (industrial) increased by X% to X tonnes, rising for the fifth consecutive year after two years of decline. Overall, imports saw a mild expansion. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Imports peaked in 2020 and are likely to continue growth in years to come.

In value terms, industrial diamond imports amounted to $X in 2020. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Imports peaked in 2020 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2020, Germany (X tonnes) constituted the largest supplier of industrial diamond to Austria, accounting for a X% share of total imports. Moreover, industrial diamond imports from Germany exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), threefold. The UK (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and the UK (-X% per year).

In value terms, Belgium ($X), Germany ($X) and the U.S. ($X) constituted the largest industrial diamond suppliers to Austria, with a combined X% share of total imports.

Among the main suppliers, Germany recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average industrial diamond import price amounted to $X per kg, dropping by -X% against the previous year. Overall, the import price saw a slight decrease. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, import price reached the peak level of $X per kg. From 2016 to 2020, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Belgium ($X per kg), while the price for Germany ($X per kg) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for diamonds (industrial) in the world?

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Canada (90K tonnes) remains the largest industrial diamond consuming country worldwide, accounting for 46% of total volume. Moreover, industrial diamond consumption in Canada exceeded the figures recorded by the second-largest consumer, China (29K tonnes), threefold. The third position in this ranking was occupied by the United Arab Emirates (25K tonnes), with a 13% share.

What are the largest producers of diamonds (industrial) in the world?

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Canada (90K tonnes) constituted the country with the largest volume of industrial diamond production, comprising approx. 69% of total volume. Moreover, industrial diamond production in Canada exceeded the figures recorded by the second-largest producer, Angola (5.6K tonnes), more than tenfold. China (5K tonnes) ranked third in terms of total production with a 3.8% share.

What are the leading suppliers of diamonds (industrial) to Austria?

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In value terms, the largest industrial diamond suppliers to Austria were Belgium ($78K), Germany ($47K) and the U.S. ($39K), together comprising 81% of total imports.

What are the leading importers of diamonds (industrial) from Austria?

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In value terms, the largest markets for industrial diamond exported from Austria were Canada ($28K) and the U.S. ($28K), with a combined 96% share of total exports.

What is the average export price for diamonds (industrial) in Austria?

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The average industrial diamond export price stood at $4.1 per kg in 2020, shrinking by -79.2% against the previous year.

What is the average import price for diamonds (industrial) in Austria?

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In 2020, the average industrial diamond import price amounted to $21 per kg, dropping by -8.9% against the previous year.