Report Update Nov 1, 2024

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

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Hungary: Industrial Diamond Market 2024

Industrial Diamond Market Size in Hungary

In 2021, the Hungarian industrial diamond market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption enjoyed prominent growth. Industrial diamond consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Industrial Diamond Production in Hungary

In value terms, industrial diamond production expanded remarkably to $X in 2021 estimated in export price. Overall, production continues to indicate a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of 385% 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 Hungary

Industrial diamond exports from Hungary surged to X kg in 2021, jumping by 62% compared with 2020 figures. Overall, exports, however, recorded a sharp decline. The most prominent rate of growth was recorded in 2020 with an increase of 100% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, industrial diamond exports skyrocketed to $X in 2021. In general, exports, however, faced a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 140% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X kg) was the main destination for industrial diamond exports from Hungary, accounting for a approx. 100% share of total exports.

From 2013 to 2021, the average annual growth rate of volume to Germany amounted to +132.5%.

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

From 2013 to 2021, the average annual growth rate of value to Germany amounted to +177.7%.

Export Prices by Country

The average industrial diamond export price stood at $X per kg in 2021, rising by 21% against the previous year. Overall, the export price continues to indicate significant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see gradual growth in the near future.

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

From 2013 to 2021, the rate of growth in terms of prices for Belgium amounted to +84.7% per year.

Industrial Diamond Imports

Imports into Hungary

In 2019, purchases abroad of diamonds (industrial) decreased by -22.8% to X kg, falling for the sixth year in a row after two years of growth. In general, imports continue to indicate a dramatic downturn. The growth pace was the most rapid in 2013 when imports increased by 60%. As a result, imports attained the peak of X tons. From 2014 to 2019, the growth of imports remained at a lower figure.

In value terms, industrial diamond imports totaled $X in 2019. Over the period under review, imports continue to indicate a precipitous contraction. The pace of growth was the most pronounced in 2018 when imports increased by 51% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2019, imports failed to regain momentum.

Imports by Country

In 2019, Belgium (X kg) was the main supplier of industrial diamond to Hungary, with a 90% share of total imports. Moreover, industrial diamond imports from Belgium exceeded the figures recorded by the second-largest supplier, India (X kg), ninefold.

From 2012 to 2019, the average annual growth rate of volume from Belgium stood at -49.5%.

In value terms, Belgium ($X) constituted the largest supplier of industrial diamond to Hungary, comprising 99% of total imports. The second position in the ranking was taken by India ($X), with a 0.8% share of total imports.

From 2012 to 2019, the average annual rate of growth in terms of value from Belgium stood at -25.5%.

Import Prices by Country

The average industrial diamond import price stood at $X per kg in 2019, rising by 31% against the previous year. In general, the import price saw a significant expansion. The pace of growth appeared the most rapid in 2014 an increase of 128% against the previous year. Over the period under review, average import prices reached the peak figure in 2019 and is expected to retain growth in the near future.

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 India amounted to $X per kg.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Belgium (+47.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The United Arab Emirates constituted the country with the largest volume of industrial diamond consumption, comprising approx. 59% of total volume. Moreover, industrial diamond consumption in the United Arab Emirates exceeded the figures recorded by the second-largest consumer, Ireland, threefold. The third position in this ranking was occupied by China, with a 3.4% share.

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

The country with the largest volume of industrial diamond production was Angola, 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 Hungary?

In value terms, Belgium constituted the largest supplier of industrial diamond to Hungary, comprising 99% of total imports. The second position in the ranking was occupied by India $165), with a 0.8% share of total imports.

What are the leading importers of diamonds (industrial) from Hungary?

In value terms, Germany remains the key foreign market for industrial diamond exports from Hungary.

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

In 2021, the average industrial diamond export price amounted to $1.3 per kg, dropping by -17.5% against the previous year.

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

The average industrial diamond import price stood at $48 per kg in 2019, jumping by 37% against the previous year.

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

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
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