Austria: Diamond Market 2024

Diamond Market Size in Austria

The Austrian diamond market fell rapidly to $X in 2022, 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). Overall, consumption continues to indicate a deep slump. As a result, consumption reached the peak level of $X, and then declined remarkably in the following year.

Diamond Exports

Exports from Austria

In 2022, the amount of diamonds and other precious stones (unworked) exported from Austria soared to X tons, with an increase of X% against the year before. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, diamond exports contracted sharply to $X in 2022. In general, exports saw resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then reduced notably in the following year.

Exports by Country

The United States (X tons), Thailand (X tons) and India (X tons) were the main destinations of diamond exports from Austria, with a combined X% share of total exports. China, Hong Kong SAR, Germany and Switzerland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) emerged as the key foreign market for diamonds and other precious stones (unworked) exports from Austria, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Thailand amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the United States (X% per year).

Export Prices by Country

The average diamond export price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the export price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then dropped dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced a decline.

Diamond Imports

Imports into Austria

In 2022, the amount of diamonds and other precious stones (unworked) imported into Austria dropped rapidly to X tons, falling by X% against 2021 figures. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then reduced markedly in the following year.

In value terms, diamond imports dropped rapidly to $X in 2022. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then contracted markedly in the following year.

Imports by Country

Madagascar (X tons), South Africa (X tons) and Norway (X tons) were the main suppliers of diamond imports to Austria, with a combined X% share of total imports. Brazil, Mexico, Thailand, India, China, the United States, Sri Lanka, Switzerland, Namibia and Indonesia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of X.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Madagascar ($X) and Brazil ($X) appeared to be the largest diamond suppliers to Austria, together accounting for X% of total imports. China, South Africa, Thailand, Namibia, India, Norway, Mexico, Sri Lanka, Switzerland and Indonesia lagged somewhat behind, together accounting for a further X%.

Mexico, with a CAGR of X.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average diamond import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price recorded a drastic downturn. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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