Benelux: Industrial Diamond Market 2023

Industrial Diamond Market Size in Benelux

In 2022, the Benelux industrial diamond market decreased by X% to $X, falling for the third consecutive year after three years of growth. In general, consumption, however, showed a resilient increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Industrial Diamond Production in Benelux

In value terms, industrial diamond production dropped to $X in 2022 estimated in export price. In general, production, however, posted a significant increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Industrial Diamond Exports

Exports in Benelux

In 2022, the amount of diamonds (industrial) exported in Benelux surged to X carats, rising by X% against the previous year's figure. Overall, exports posted a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, industrial diamond exports soared to $X in 2022. Over the period under review, exports saw a strong increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

The shipments of the one major exporters of diamonds (industrial), namely Belgium, represented more than two-thirds of total export.

Belgium was also the fastest-growing in terms of the diamonds (industrial) exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) also remains the largest industrial diamond supplier in Benelux.

In Belgium, industrial diamond exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per kg in 2022, increasing by X% against the previous year. In general, the export price, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of export peaked at $X per kg in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to X% per year.

Industrial Diamond Imports

Imports in Benelux

In 2022, imports of diamonds (industrial) in Benelux surged to X carats, picking up by X% against 2021. Overall, imports showed a moderate expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

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

Imports by Country

Belgium (X carats) represented roughly X% of total imports in 2022.

Belgium was also the fastest-growing in terms of the diamonds (industrial) imports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Belgium increased by X percentage points, while 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 Benelux.

In Belgium, industrial diamond imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Benelux stood at $X per kg in 2022, surging by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, import prices reached the peak figure at $X per kg in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Belgium.

From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to X% per year.

Source: IndexBox Platform

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