
Austria - Diamonds (Industrial) - Market Analysis, Forecast, Size, Trends and Insights
Austria: Industrial Diamond Market 2023
Industrial Diamond Market Size in Austria
In 2021, the Austrian industrial diamond market was finally on the rise to reach $X after four years of decline. In general, consumption enjoyed a prominent expansion. Industrial diamond consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.
Industrial Diamond Production in Austria
In value terms, industrial diamond production surged to $X in 2021 estimated in export price. In general, production continues to indicate prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 354%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.
Industrial Diamond Exports
Exports from Austria
Industrial diamond exports from Austria surged to X tons in 2019, with an increase of 953% against the previous year's figure. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, industrial diamond exports soared to $X in 2019. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 850% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2019, the growth of the exports remained at a somewhat lower figure.
Exports by Country
Italy (X tons) was the main destination for industrial diamond exports from Austria, with a approx. 100% share of total exports.
From 2012 to 2019, the average annual growth rate of volume to Italy was relatively modest.
In value terms, Italy ($X) emerged as the key foreign market for industrial diamond exports from Austria.
From 2012 to 2019, the average annual growth rate of value to Italy was relatively modest.
Export Prices by Country
The average industrial diamond export price stood at $X per kg in 2019, dropping by -13.6% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 431%. As a result, the export price reached the peak level of $X per kg. From 2018 to 2019, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Italy.
From 2012 to 2019, the rate of growth in terms of prices for Mexico amounted to +48.2% per year.
Industrial Diamond Imports
Imports into Austria
In 2020, approx. X kg of diamonds (industrial) were imported into Austria; with a decrease of -93.4% on the previous year's figure. Overall, imports showed a sharp setback. The growth pace was the most rapid in 2019 with an increase of 254% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2020, imports remained at a lower figure.
In value terms, industrial diamond imports contracted dramatically to $X in 2020. Over the period under review, imports showed a dramatic decline. The pace of growth was the most pronounced in 2017 with an increase of 4.9%. Imports peaked at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.
Imports by Country
In 2020, the UK (X kg) was the main industrial diamond supplier to Austria, with a approx. 100% share of total imports.
From 2012 to 2020, the average annual rate of growth in terms of volume from the UK stood at -29.5%.
In value terms, the UK ($X) constituted the largest supplier of industrial diamond to Austria.
From 2012 to 2020, the average annual growth rate of value from the UK stood at -35.8%.
Import Prices by Country
In 2020, the average industrial diamond import price amounted to $X per kg, shrinking by -25% against the previous year. In general, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 81% against the previous year. The import price peaked at $X per kg in 2018; however, from 2019 to 2020, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the UK.
From 2012 to 2020, the rate of growth in terms of prices for Belgium amounted to +19.8% per year.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the industrial diamond market in Austria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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