United Kingdom: Industrial Diamonds Market 2022

Industrial Diamonds Market Size in the UK

The UK industrial diamonds market surged to $X in 2021, growing by X% against the previous year. Over the period under review, consumption enjoyed a prominent expansion. Industrial diamonds consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Industrial Diamonds Production in the UK

In value terms, industrial diamonds production reduced slightly to $X in 2021 estimated in export price. Over the period under review, production saw a mild slump. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Industrial Diamonds Exports

Exports from the UK

In 2021, the amount of industrial diamonds, dust and powder of precious or semi-precious stones exported from the UK skyrocketed to X tons, growing by X% compared with the previous year's figure. Over the period under review, exports saw a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, industrial diamonds exports expanded significantly to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), the United States (X tons) and Italy (X tons) were the main destinations of industrial diamonds exports from the UK, together comprising X% of total exports. Brazil, Japan, Switzerland, Austria, the Czech Republic and Spain lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Japan ($X) appeared to be the largest markets for industrial diamonds exported from the UK worldwide, together accounting for X% of total exports. Switzerland, Italy, Austria, Brazil, the Czech Republic and Spain lagged somewhat behind, together accounting for a further X terms of the main countries of destination, Brazil, with a CAGR of +X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average industrial diamonds export price stood at $X per kg in 2021, falling by -X% against the previous year. In general, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. As a result, the export price reached the peak level of $X per kg. From 2016 to 2021, the the average export prices remained at a somewhat lower figure.

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 Spain (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 Italy (-X%), while the prices for the other major destinations experienced a decline.

Industrial Diamonds Imports

Imports into the UK

After five years of decline, supplies from abroad of industrial diamonds, dust and powder of precious or semi-precious stones increased by X% to X tons in 2021. Overall, imports showed a buoyant expansion. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, industrial diamonds imports surged to $X in 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

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

In value terms, the Netherlands ($X) constituted the largest supplier of industrial diamonds to the UK, comprising X% of total imports. The second position in the ranking was taken by Israel ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (-X% per year) and China (+X% per year).

Import Prices by Country

The average industrial diamonds import price stood at $X per kg in 2021, increasing by X% against the previous year. Overall, the import price, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per kg in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per kg), while the price for Ireland (less than $X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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