Luxembourg: Industrial Diamonds Market 2022

Industrial Diamonds Market Size in Luxembourg

After two years of decline, the Luxembourg industrial diamonds market increased by X% to $X in 2021. Overall, consumption, however, saw a deep contraction. Industrial diamonds consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Industrial Diamonds Production in Luxembourg

In value terms, industrial diamonds production stood at $X in 2021 estimated in export price. Over the period under review, production recorded a sharp shrinkage. Industrial diamonds production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Industrial Diamonds Exports

Exports from Luxembourg

In 2021, shipments abroad of industrial diamonds, dust and powder of precious or semi-precious stones decreased by -X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports faced a abrupt slump. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, industrial diamonds exports shrank dramatically to $X in 2021. Over the period under review, exports recorded a noticeable slump. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

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

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

In value terms, the United States ($X) remains the key foreign market for industrial diamonds exports from Luxembourg, comprising X% of total exports. The second position in the ranking was taken by France ($X), with an X% share of total exports. It was followed by Israel, 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: France (+X% per year) and Israel (+X% per year).

Export Prices by Country

The average industrial diamonds export price stood at $X per kg in 2021, jumping by X% against the previous year. Over the period under review, the export price posted a buoyant expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per kg in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

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

Industrial Diamonds Imports

Imports into Luxembourg

In 2021, overseas purchases of industrial diamonds, dust and powder of precious or semi-precious stones decreased by -X% to X tons, falling for the second year in a row after two years of growth. Overall, imports saw a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, industrial diamonds imports declined to $X in 2021. In general, imports showed a drastic downturn. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), China (X tons) and Ireland (X tons) were the main suppliers of industrial diamonds imports to Luxembourg, with a combined X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +X%), while imports for the other leaders experienced a decline.

In value terms, the largest industrial diamonds suppliers to Luxembourg were Germany ($X), China ($X) and Ireland ($X), with a combined X% share of total imports.

Germany, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average industrial diamonds import price stood at $X per kg in 2021, growing by X% against the previous year. In general, the import price continues to indicate resilient growth. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per kg in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($X per kg), while the price for the United States ($X per kg) was 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 more modest paces of growth.

Source: IndexBox Platform

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