Industrial Diamond Market in Poland
Market Overview
In 
, the Polish industrial diamond market was finally on the rise to reach $ for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, showed a abrupt decrease. Industrial diamond consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.
, the Polish industrial diamond market was finally on the rise to reach $ for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, showed a abrupt decrease. Industrial diamond consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.Consumption
In , consumption of diamonds (industrial) was finally on the rise to reach carats after three years of decline. In general, consumption, however, recorded a precipitous descent. Industrial diamond consumption peaked at carats in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
The size of the industrial diamond market in Poland skyrocketed to $ in , with an increase of % 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, however, faced a abrupt slump. Industrial diamond consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
, consumption of diamonds (industrial) was finally on the rise to reach carats after three years of decline. In general, consumption, however, recorded a precipitous descent. Industrial diamond consumption peaked at carats in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.The size of the industrial diamond market in Poland skyrocketed to $
in , with an increase of % 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, however, faced a abrupt slump. Industrial diamond consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for industrial diamond in Poland, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to carats by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to carats by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Industrial diamond market in Poland consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Poland relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand.
Trade Balance
Poland 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 carats, 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 carats, 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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