The import of grindstones of synthetic or natural diamond to Germany stood at 5.9651 million kilograms in 2023. Over the years, the imports saw a mix of fluctuations and growth, peaking in 2021 with a 23.66% year-on-year increase after a significant drop of 14.7% in 2020. Between 2022 and 2023, there was a stable increase of about 2.41%. The average annual growth rate over the past five years has been moderate, standing at 2.01%. Looking forward, the imports are expected to continue growing at a compound annual growth rate (CAGR) of 1.82% over the next five years, projecting to reach 6.6975 million kilograms by 2028.
Future trends to watch for:
- Technological advancements in diamond grindstones that may enhance efficiency and demand.
- Changes in global trade policies and their impact on import tariffs and supply chains.
- Economic factors within Germany and the EU that could affect manufacturing and industrial demand.
- Sustainability trends that might influence the sourcing and production practices of grindstones.