Industrial Diamond Market Overview in Finland
Market Overview
The Finnish industrial diamond market totaled $
in 2018, stabilizing at 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). In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $; afterwards, it flattened through to 2018.
in 2018, stabilizing at 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). In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $; afterwards, it flattened through to 2018.Consumption
In 2018, the amount of diamonds (industrial) consumed in Finland fell notably to kg, with a decrease of -% against the previous year's figure. Overall, consumption, however, enjoyed a mild expansion. The pace of growth was the most pronounced in 2016 with an increase of % y-o-y. Over the period under review, consumption attained the maximum volume at tonnes in 2008; however, from 2009 to 2018, consumption remained at a lower figure.
The revenue of the industrial diamond market in Finland totaled $ in 2018, remaining relatively unchanged 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). In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $; afterwards, it flattened through to 2018.
kg, with a decrease of -% against the previous year's figure. Overall, consumption, however, enjoyed a mild expansion. The pace of growth was the most pronounced in 2016 with an increase of % y-o-y. Over the period under review, consumption attained the maximum volume at tonnes in 2008; however, from 2009 to 2018, consumption remained at a lower figure.The revenue of the industrial diamond market in Finland totaled $
in 2018, remaining relatively unchanged 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). In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $; afterwards, it flattened through to 2018.Market Forecast
Driven by increasing demand for industrial diamond in Finland, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of % for the period from 2019 to , which is projected to bring the market volume to kg by the end of .
% for the period from 2019 to , which is projected to bring the market volume to kg 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 2019. In 2019, there was a significant trade deficit of kg, 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.
kg, 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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