Italy: Industrial Diamonds Market 2022

Industrial Diamonds Market Size in Italy

The Italian industrial diamonds market skyrocketed to $X in 2021, increasing by X% against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Industrial Diamonds Production in Italy

In value terms, industrial diamonds production reduced modestly to $X in 2021 estimated in export price. Overall, production saw a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. Industrial diamonds production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Industrial Diamonds Exports

Exports from Italy

In 2021, overseas shipments of industrial diamonds, dust and powder of precious or semi-precious stones were finally on the rise to reach X tons after two years of decline. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, industrial diamonds exports skyrocketed to $X in 2021. Overall, exports posted resilient growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bulgaria (X tons) was the main destination for industrial diamonds exports from Italy, accounting for a X% share of total exports. Moreover, industrial diamonds exports to Bulgaria exceeded the volume sent to the second major destination, Spain (X tons), more than tenfold. Serbia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Bulgaria totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and Serbia (+X% per year).

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

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

Export Prices by Country

In 2021, the average industrial diamonds export price amounted to $X per kg, dropping by -X% against the previous year. Overall, the export price continues to indicate a deep contraction. The growth pace was the most rapid in 2015 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per kg. From 2016 to 2021, the the average export prices failed to regain momentum.

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

Industrial Diamonds Imports

Imports into Italy

In 2021, approx. X tons of industrial diamonds, dust and powder of precious or semi-precious stones were imported into Italy; growing by X% compared with the previous year. Over the period under review, imports continue to indicate a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial diamonds imports skyrocketed to $X in 2021. Overall, imports, however, saw a mild setback. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Belgium (X tons) and Ireland (X tons) were the main suppliers of industrial diamonds imports to Italy, with a combined X% share of total imports. These countries were followed by Bulgaria, which accounted for a further X 2012 to 2021, the biggest increases were in Bulgaria (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial diamonds suppliers to Italy were China ($X), Belgium ($X) and Ireland ($X), with a combined X% share of total imports. These countries were followed by Bulgaria, which accounted for a further X, with a CAGR of +X%, 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

The average industrial diamonds import price stood at $X per kg in 2021, reducing by -X% against the previous year. Overall, the import price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when the average import price increased by X%. The import price peaked at $X per kg in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Belgium ($X per kg) and China ($X per kg), while the price for Ireland ($X per kg) and Bulgaria ($X per kg) were amongst the lowest.

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

Source: IndexBox Platform

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