Croatia: Industrial Diamond Market Overview 2021

Industrial Diamond Market Size in Croatia

The Croatian industrial diamond market shrank to $X in 2020, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a drastic downturn. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Industrial Diamond Exports

Exports from Croatia

Industrial diamond exports from Croatia totaled X kg in 2020, approximately equating 2019 figures. In general, exports continue to indicate a relatively flat trend pattern. Exports peaked at X kg in 2009; however, from 2010 to 2020, exports failed to regain the momentum.

In value terms, industrial diamond exports declined rapidly to $X in 2020. Over the period under review, exports recorded a sharp decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Belgium (X kg) was the main destination for industrial diamond exports from Croatia, with a X% share of total exports. Moreover, industrial diamond exports to Belgium exceeded the volume sent to the second major destination, the Netherlands (X kg), more than tenfold.

From 2007 to 2009, the average annual rate of growth in terms of volume to Belgium was relatively modest.

In value terms, Belgium ($X) emerged as the key foreign market for industrial diamond exports from Croatia, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports.

From 2007 to 2009, the average annual growth rate of value to Belgium was relatively modest.

Export Prices by Country

In 2009, the average industrial diamond export price amounted to $X per kg, standing approx. at the previous year. In general, the export price recorded a relatively flat trend pattern. Over the period under review, average export prices attained the peak figure in 2009 and is likely to continue growth in the near future.

Average prices varied noticeably for the major export markets. In 2009, the country with the highest price was Belgium ($X per kg), while the average price for exports to the Netherlands amounted to $X per kg.

From 2007 to 2009, the most notable rate of growth in terms of prices was recorded for supplies to Belgium.

Industrial Diamond Imports

Imports into Croatia

In 2020, approx. X kg of diamonds (industrial) were imported into Croatia; reducing by -X% on the year before. Over the period under review, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes. From 2015 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, industrial diamond imports declined remarkably to $X in 2020. Overall, imports saw a deep reduction. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. As a result, imports reached the peak of $X. From 2014 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, Australia (X kg) constituted the largest industrial diamond supplier to Croatia, with a X% share of total imports. Moreover, industrial diamond imports from Australia exceeded the figures recorded by the second-largest supplier, the UK (X kg), fivefold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Australia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-X% per year) and Belgium (-X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value from Australia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-X% per year) and Belgium (-X% per year).

Import Prices by Country

In 2020, the average industrial diamond import price amounted to $X per kg, dropping by -X% against the previous year. In general, the import price recorded a pronounced descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per kg. From 2014 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Belgium ($X per kg), while the price for the UK ($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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The country with the largest volume of industrial diamond consumption was Canada (90K tonnes), comprising approx. 46% of total volume. Moreover, industrial diamond consumption in Canada exceeded the figures recorded by the second-largest consumer, China (29K tonnes), threefold. The United Arab Emirates (25K tonnes) ranked third in terms of total consumption with a 13% share.

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

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Canada (90K tonnes) remains the largest industrial diamond producing country worldwide, 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. The third position in this ranking was occupied by China (5K tonnes), with a 3.8% share.

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

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In value terms, Australia ($4K) constituted the largest supplier of industrial diamond to Croatia, comprising 79% of total imports. The second position in the ranking was occupied by the UK ($552), with a 11% share of total imports.

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

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In value terms, Belgium ($5.5K) emerged as the key foreign market for industrial diamond exports from Croatia, comprising 94% of total exports. The second position in the ranking was occupied by the Netherlands ($367), with a 6.3% share of total exports.

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

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The average industrial diamond export price stood at $23 per kg in 2009, therefore, remained relatively stable against the previous year.

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

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In 2020, the average industrial diamond import price amounted to $14 per kg, reducing by -21.3% against the previous year.