Greece: Industrial Diamond Market 2025

Industrial Diamond Market Size in Greece

In 2021, the Greek industrial diamond market decreased by 99.9% to less than $X, falling for the sixth year in a row after four years of growth. Over the period under review, consumption, however, faced a deep reduction. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Industrial Diamond Production in Greece

In value terms, industrial diamond production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a temperate expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 314% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Industrial Diamond Exports

Exports from Greece

In 2020, after two years of growth, there was significant decline in shipments abroad of diamonds (industrial), when their volume decreased by -91.3% to X tons. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by 114,552% against the previous year. As a result, the exports reached the peak of X tons, and then reduced rapidly in the following year.

In value terms, industrial diamond exports contracted remarkably to $X in 2020. In general, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 61,592% against the previous year. As a result, the exports attained the peak of $X, and then dropped notably in the following year.

Exports by Country

Italy (X tons) was the main destination for industrial diamond exports from Greece, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Italy amounted to +62.5%.

In value terms, Italy ($X) also remains the key foreign market for industrial diamond exports from Greece.

From 2012 to 2020, the average annual rate of growth in terms of value to Italy stood at +27.3%.

Export Prices by Country

The average industrial diamond export price stood at $X per kg in 2020, which is down by -9% against the previous year. Over the period under review, the export price showed a sharp contraction. The growth pace was the most rapid in 2015 when the average export price increased by 13% against the previous year. As a result, the export price reached the peak level of $X per kg. From 2016 to 2020, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Italy.

From 2012 to 2020, the rate of growth in terms of prices for Italy amounted to -21.7% per year.

Industrial Diamond Imports

Imports into Greece

After five years of growth, purchases abroad of diamonds (industrial) decreased by -54% to X tons in 2021. Overall, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of 346%. As a result, imports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, industrial diamond imports declined sharply to $X in 2021. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2019 when imports increased by 158% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The Netherlands (X tons) and Belgium (X tons) were the main suppliers of industrial diamond imports to Greece.

From 2014 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +92.1%).

In value terms, the Netherlands ($X) and Belgium ($X) appeared to be the largest industrial diamond suppliers to Greece.

The Netherlands, with a CAGR of +50.0%, 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 2021, picking up by 59% against the previous year. Over the period under review, the import price, however, saw a pronounced shrinkage. The import price peaked at $X per kg in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per kg), while the price for Belgium amounted to $X per kg.

From 2014 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+145.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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