
Finland - Diamonds (Industrial) - Market Analysis, Forecast, Size, Trends and Insights
Finland: Industrial Diamond Market 2023
Industrial Diamond Market Size in Finland
In 2021, the Finnish industrial diamond market was finally on the rise to reach $X for the first time since 2015, thus ending a five-year declining trend. Over the period under review, consumption saw a strong increase. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.
Industrial Diamond Production in Finland
In value terms, industrial diamond production rose sharply to $X in 2021 estimated in export price. In general, production recorded a prominent expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by 360%. Industrial diamond production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.
Industrial Diamond Exports
Exports by Country
Italy (X kg) was the main destination for industrial diamond exports from Finland, with a 98% share of total exports. It was followed by the Netherlands (X kg), with a 2.3% share of total exports.
From 2012 to 2019, the average annual rate of growth in terms of volume to Italy was relatively modest.
In value terms, Italy ($X) emerged as the key foreign market for industrial diamond exports from Finland, comprising 100% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 0.1% share of total exports.
From 2012 to 2019, the average annual growth rate of value to Italy was relatively modest.
Industrial Diamond Imports
Imports into Finland
In 2019, the amount of diamonds (industrial) imported into Finland contracted notably to X tons, dropping by -33% compared with the year before. Over the period under review, imports, however, posted a modest expansion. The pace of growth appeared the most rapid in 2014 with an increase of 144% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2019, imports failed to regain momentum.
In value terms, industrial diamond imports dropped dramatically to $X in 2019. In general, imports, however, saw a modest increase. The pace of growth appeared the most rapid in 2014 when imports increased by 173% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2019, the growth of imports remained at a lower figure.
Imports by Country
From 2012 to 2020, the average annual growth rate of volume from No country was relatively modest.
From 2012 to 2020, the average annual growth rate of value from No country was relatively modest.
Import Prices by Country
In 2019, the average industrial diamond import price amounted to $X per kg, with a decrease of -44% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 172%. As a result, import price reached the peak level of $X per kg. From 2017 to 2019, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was Belgium ($X per kg), while the price for the UK amounted to $X per kg.
From 2012 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.6%), while the prices for the other major suppliers experienced a decline.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the industrial diamond market in Finland. 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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