Report Update Nov 1, 2024

Bulgaria - Diamonds (Industrial) - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Bulgaria: Industrial Diamond Market 2024

Industrial Diamond Market Size in Bulgaria

In 2021, after six years of decline, there was significant growth in the Bulgarian industrial diamond market, when its value increased by 14% to $X. In general, consumption posted perceptible growth. Industrial diamond consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Industrial Diamond Production in Bulgaria

In value terms, industrial diamond production surged to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 306%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Industrial Diamond Exports

Exports from Bulgaria

In 2019, shipments abroad of diamonds (industrial) increased by 1,640% to X kg, rising for the second consecutive year after five years of decline. Overall, exports, however, faced a sharp slump. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2019, the exports failed to regain momentum.

In value terms, industrial diamond exports skyrocketed to $X in 2019. Over the period under review, exports, however, recorded a sharp decline. The growth pace was the most rapid in 2018 when exports increased by 68% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X kg) was the main destination for industrial diamond exports from Bulgaria, accounting for a 98% share of total exports. It was followed by Greece (X kg), with a 2.2% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (0.0% per year) and the Netherlands (-70.4% per year).

In value terms, Greece ($X) emerged as the key foreign market for industrial diamond exports from Bulgaria, comprising 74% of total exports. The second position in the ranking was held by Italy ($X), with a 26% share of total exports.

From 2012 to 2019, the average annual growth rate of value to Greece was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and the Netherlands (-73.3% per year).

Export Prices by Country

In 2019, the average industrial diamond export price amounted to $X per kg, declining by -90.4% against the previous year. Overall, the export price saw a deep setback. The growth pace was the most rapid in 2018 when the average export price increased by 26% against the previous year. As a result, the export price reached the peak level of $X per kg, and then dropped dramatically in the following year.

Prices varied noticeably country of destination: the country with the highest price was Greece ($X per kg), while the average price for exports to Italy ($X per kg) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-17.9%).

Industrial Diamond Imports

Imports into Bulgaria

In 2019, supplies from abroad of diamonds (industrial) increased by 19% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 199%. Imports peaked at X tons in 2015; however, from 2016 to 2019, imports failed to regain momentum.

In value terms, industrial diamond imports expanded remarkably to $X in 2019. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 266%. Imports peaked at $X in 2015; however, from 2016 to 2019, imports failed to regain momentum.

Imports by Country

In 2019, the UK (X tons) was the main industrial diamond supplier to Bulgaria, accounting for a 97% share of total imports. It was followed by Belgium (X kg), with a 2.7% share of total imports.

From 2012 to 2019, the average annual growth rate of volume from the UK totaled +15.5%.

In value terms, the UK ($X) and Belgium ($X) were the largest industrial diamond suppliers to Bulgaria.

Belgium, with a CAGR of +37.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average industrial diamond import price stood at $X per kg in 2019, falling by -8.8% against the previous year. Overall, the import price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 67% against the previous year. As a result, import price attained the peak level of $X per kg. From 2018 to 2019, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Belgium ($X per kg), while the price for the UK totaled $X per kg.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by the UK (+2.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for diamonds (industrial) in the world?

The country with the largest volume of industrial diamond consumption was the United Arab Emirates, accounting for 59% of total volume. Moreover, industrial diamond consumption in the United Arab Emirates exceeded the figures recorded by the second-largest consumer, Ireland, threefold. China ranked third in terms of total consumption with a 3.4% share.

What are the largest producers of diamonds (industrial) in the world?

Angola remains the largest industrial diamond producing country worldwide, accounting for 25% of total volume. Moreover, industrial diamond production in Angola exceeded the figures recorded by the second-largest producer, China, threefold. The third position in this ranking was occupied by Canada, with an 8.1% share.

What are the leading suppliers of diamonds (industrial) to Bulgaria?

In value terms, the largest industrial diamond suppliers to Bulgaria were the UK and Belgium.

What is the average export price for diamonds (industrial) in Bulgaria?

In 2019, the average industrial diamond export price amounted to $0.7 per kg, shrinking by -76.6% against the previous year.

What is the average import price for diamonds (industrial) in Bulgaria?

In 2019, the average industrial diamond import price amounted to $6.4 per kg, picking up by 36% against the previous year.

This report provides an in-depth analysis of the industrial diamond market in Bulgaria. 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.

Product coverage:

Prodcom 08992200 - Industrial diamonds, unworked or simply sawn, cleaved or bruted, pumice stone, emery, natural corundum, natural garnet and other natural abrasives

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023