Belgium: Industrial Diamonds Market 2022

Industrial Diamonds Market Size in Belgium

For the third year in a row, the Belgian industrial diamonds market recorded growth in sales value, which increased by X% to $X in 2021. Over the period under review, consumption showed significant growth. Industrial diamonds consumption peaked in 2021 and is expected to retain growth in the near future.

Industrial Diamonds Production in Belgium

In value terms, industrial diamonds production dropped to $X in 2021 estimated in export price. In general, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Industrial Diamonds Exports

Exports from Belgium

In 2021, overseas shipments of industrial diamonds, dust and powder of precious or semi-precious stones decreased by -X% to X tons, falling for the fourth year in a row after three years of growth. In general, exports, however, saw a noticeable expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, industrial diamonds exports shrank to $X in 2021. Overall, exports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for industrial diamonds exports from Belgium, with a X% share of total exports. Moreover, industrial diamonds exports to Italy exceeded the volume sent to the second major destination, the United States (X tons), fourfold. Bulgaria (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Bulgaria (+X% per year).

In value terms, the United States ($X) remains the key foreign market for industrial diamonds exports from Belgium, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with an X% share of total exports. It was followed by Bulgaria, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-X% per year) and Bulgaria (+X% per year).

Export Prices by Country

In 2021, the average industrial diamonds export price amounted to $X per kg, rising by X% against the previous year. Overall, the export price, however, saw a abrupt slump. The growth pace was the most rapid in 2020 an increase of X%. The export price peaked at $X per kg in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($X per kg), while the average price for exports to the Netherlands (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 Bulgaria (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Industrial Diamonds Imports

Imports into Belgium

In 2021, purchases abroad of industrial diamonds, dust and powder of precious or semi-precious stones increased by X% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports showed a remarkable increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, industrial diamonds imports soared to $X in 2021. In general, imports, however, recorded a pronounced decline. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main industrial diamonds supplier to Belgium, accounting for a X% share of total imports. Moreover, industrial diamonds imports from China exceeded the figures recorded by the second-largest supplier, Ireland (X tons), more than tenfold. Romania (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of industrial diamonds to Belgium, comprising X% of total imports. The second position in the ranking was taken by Ireland ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

The average industrial diamonds import price stood at $X per kg in 2021, approximately mirroring the previous year. Over the period under review, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per kg in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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