Greece: Diamond Market Overview 2020

Diamond Market Size in Greece

The revenue of the diamond market in Greece amounted to $X in 2018, growing 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). Overall, diamond consumption, however, continues to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2012 when the market value increased by X% against the previous year. Over the period under review, the diamond market attained its maximum level at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Diamond Exports

Exports from Greece

Diamond exports from Greece stood at X kg in 2018, picking up by X% against the previous year. Over the period under review, diamond exports, however, continue to indicate a drastic curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. In that year, diamond exports reached their peak of X tonnes. From 2014 to 2018, the growth of diamond exports failed to regain its momentum.

In value terms, diamond exports amounted to $X in 2018. Over the period under review, diamond exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. In that year, diamond exports attained their peak of $X. From 2014 to 2018, the growth of diamond exports remained at a lower figure.

Exports by Country

Romania (X kg), India (X kg) and the U.S. (X kg) were the main destinations of diamond exports from Greece, with a combined X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by India (+X% per year), while the other leaders experienced mixed trend patterns.

In value terms, the U.S. ($X) remains the key foreign market for diamond exports from Greece, comprising X% of total diamond exports. The second position in the ranking was occupied by India ($X), with a X% share of total exports. It was followed by Taiwan, Chinese, with a X% share.

From 2007 to 2018, the average annual growth rate of value to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+X% per year) and Taiwan, Chinese (+X% per year).

Export Prices by Country

In 2018, the average diamond export price amounted to $X per tonne, dropping by -X% against the previous year. In general, the diamond export price, however, continues to indicate extraordinary growth. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The export price peaked at $X per tonne in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Romania ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the U.S. (+X% per year), while the prices for the other major destinations experienced mixed trend patterns.

Diamond Imports

Imports into Greece

Diamond imports into Greece amounted to X tonnes in 2018, growing by X% against the previous year. Overall, diamond imports, however, continue to indicate a precipitous 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, diamond imports reached their peak figure at X tonnes in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, diamond imports stood at $X in 2018. In general, diamond imports, however, continue to indicate an abrupt decline. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Imports peaked at $X in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Romania (X kg) constituted the largest diamond supplier to Greece, accounting for a X% share of total imports. Moreover, diamond imports from Romania exceeded the figures recorded by the second-largest supplier, Brazil (X kg), threefold. The third position in this ranking was occupied by Australia (X kg), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Romania totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-X% per year) and Australia (-X% per year).

In value terms, Belgium ($X) constituted the largest supplier of diamond to Greece, comprising X% of total diamond imports. The second position in the ranking was occupied by Austria ($X), with a X% share of total imports. It was followed by Romania, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from Belgium amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-X% per year) and Romania (-X% per year).

Import Prices by Country

The average diamond import price stood at $X per tonne in 2018, falling by -X% against the previous year. Overall, the diamond import price, however, continues to indicate an outstanding expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2017, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Belgium ($X per tonne), while the price for Brazil ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Australia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform