Czech Republic: Industrial Diamonds Market 2022

Industrial Diamonds Market Size in the Czech Republic

In 2021, the Czech industrial diamonds market increased by X% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption continues to indicate a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Industrial Diamonds Production in the Czech Republic

In value terms, industrial diamonds production amounted to $X in 2021 estimated in export price. In general, production saw a dramatic shrinkage. Industrial diamonds production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Industrial Diamonds Exports

Exports from the Czech Republic

In 2021, approx. X tons of industrial diamonds, dust and powder of precious or semi-precious stones were exported from the Czech Republic; picking up by X% against 2020 figures. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, industrial diamonds exports soared to $X in 2021. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for industrial diamonds exports from the Czech Republic, accounting for a X% share of total exports. Moreover, industrial diamonds exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), fourfold. Hong Kong SAR (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Hong Kong SAR (X% per year).

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for industrial diamonds exports from the Czech Republic, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Hong Kong SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and the United States (+X% per year).

Export Prices by Country

In 2021, the average industrial diamonds export price amounted to less than $X per kg, shrinking by -X% against the previous year. Overall, the export price faced a deep downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. As a result, the export price attained the peak level of $X per kg. From 2016 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Hong Kong SAR ($X per kg), while the average price for exports to Slovakia (less than $X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced a decline.

Industrial Diamonds Imports

Imports into the Czech Republic

In 2021, after two years of decline, there was significant growth in supplies from abroad of industrial diamonds, dust and powder of precious or semi-precious stones, when their volume increased by X% to X tons. Over the period under review, imports, however, saw a mild contraction. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, industrial diamonds imports surged to $X in 2021. Overall, imports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2018 when imports increased by X%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Belgium (X tons), Italy (X tons) and China (X tons) were the main suppliers of industrial diamonds imports to the Czech Republic, with a combined X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of industrial diamonds to the Czech Republic, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Switzerland, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Switzerland (-X% per year).

Import Prices by Country

In 2021, the average industrial diamonds import price amounted to $X per kg, declining by -X% against the previous year. In general, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per kg in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per kg), while the price for China ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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