Industrial Diamond Market Overview in Finland
Market Overview
In 
, the Finnish industrial diamond market decreased by -% to $, falling for the second year in a row after three years of growth. Over the period under review, consumption recorded a abrupt decline. The pace of growth appeared the most rapid in 2016 when the market value increased by % against the previous year. Over the period under review, the market hit record highs at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.
, the Finnish industrial diamond market decreased by -% to $, falling for the second year in a row after three years of growth. Over the period under review, consumption recorded a abrupt decline. The pace of growth appeared the most rapid in 2016 when the market value increased by % against the previous year. Over the period under review, the market hit record highs at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.Consumption
In , consumption of diamonds (industrial) decreased by -% to tonnes, falling for the second year in a row after three years of growth. Overall, consumption recorded a pronounced contraction. The pace of growth was the most pronounced in 2016 when the consumption volume increased by % y-o-y. Over the period under review, consumption attained the peak volume at tonnes in 2018; however, from 2019 to , consumption failed to regain the momentum.
The value of the industrial diamond market in Finland declined to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a abrupt slump. The pace of growth was the most pronounced in 2016 when the market value increased by % year-to-year. Over the period under review, the market reached the maximum level at $ in 2018; however, from 2019 to , consumption failed to regain the momentum.
, consumption of diamonds (industrial) decreased by -% to tonnes, falling for the second year in a row after three years of growth. Overall, consumption recorded a pronounced contraction. The pace of growth was the most pronounced in 2016 when the consumption volume increased by % y-o-y. Over the period under review, consumption attained the peak volume at tonnes in 2018; however, from 2019 to , consumption failed to regain the momentum.The value of the industrial diamond market in Finland declined to $
in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a abrupt slump. The pace of growth was the most pronounced in 2016 when the market value increased by % year-to-year. Over the period under review, the market reached the maximum level at $ in 2018; however, from 2019 to , consumption failed to regain the momentum.Market Forecast
Driven by rising demand for industrial diamond in Finland, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tonnes by the end of .
% for the period from to , which is projected to bring the market volume to tonnes by the end of .Trade Balance
Finland remains a net importer of industrial diamond; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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