Diamond abrasive wheels and stones market in Germany

Earlier Report Observations

The German market for diamond abrasive wheels and stones, measured in physical volume, grew from 2 495 t in 2018 to a peak of 4 168 t in 2022. This expansion was supported by increasing imports, which reached 7 414 t in 2021, while domestic production gradually declined from 659 t to 560 t over the same period.

Market volume contracted sharply to 2 962 t in 2023, a decrease of 29%, before partially recovering to 3 207 t in 2024. In value terms, the market size fell from $86.6 million in 2018 to $65.0 million in 2024, indicating downward pressure on prices or a shift in the product mix traded.

Production diamond abrasive wheels and stones in Germany

In value, 2017-2020, M $ US

Germany's production of diamond abrasive wheels and stones has declined for the second year in a row. In 2020, the output was valued at 79.4 million US dollars, marking a 20.4% decrease compared to the previous year. Production peaked in 2018 at 118.2 million US dollars, with the largest annual increase of 3.9% recorded that same year. Overall, from 2017 to 2020, production fell by 30.2%, which translates to an average annual decline of 11.3%.

Annual dynamics of production in Germany in value, 2017-2020, M $ US

In kind, 2017-2020, t

Germany's production volume of diamond abrasive wheels and stones has decreased for the third consecutive year. In 2020, the country produced 439.7 tonnes, down by 22.5% year-over-year. Over the period from 2017 to 2020, production dropped by 33.5%, averaging an annual decline of 12.7%.

Annual dynamics of production in Germany in kind, 2017-2020, t

Exports diamond abrasive wheels and stones from Germany

Exports in kind, t

Germany's exports of diamond abrasive wheels and stones have increased for the second year in a row. In 2020, exports reached 3 810 tonnes, up by 2.3% from the previous year. The lowest point was in 2018 at 3 563 tonnes, with the largest annual decline of 0.2% occurring that year. Exports saw their biggest jump in 2019, rising by 4.5%. From 2017 to 2020, overall exports grew by 6.7%, with a compound annual growth rate of 2.2%.

Annual dynamics of product's exports from Germany in kind, 2017-2020, t

Between 2017 and 2020, Germany's exports in volume terms were spread across a wide range of partners. France accounted for 10.3% of exports, Poland for 8.2%, and Austria for 6.5%, together making up just 25.0% of total flows. The remaining 75.0% was distributed among numerous smaller markets, highlighting a highly diversified export structure.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Germany in kind, 2017-2020

Exports in value, M $ US

Germany's export value of diamond abrasive wheels and stones has declined for the second consecutive year. In 2020, exports stood at 198.6 million US dollars, a slight decrease of 0.8% compared to the previous year. The highest value was recorded in 2018 at 207.3 million US dollars, with the largest annual increase of 5.9% that year. The biggest drop occurred in 2019, falling by 3.4%.

Annual dynamics of product's exports from Germany in value, 2017-2020, M $ US

From 2017 to 2020, Germany's export value was diversified among various partners. France represented 10.2% of exports, Austria 9.1%, and the Netherlands 6.3%, collectively accounting for 25.6% of total flows. The remaining 74.4% was spread across many smaller markets, indicating a broad and varied export base.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Germany in value, 2017-2020

Imports diamond abrasive wheels and stones to Germany

Imports in kind, t

Germany's import volume of diamond abrasive wheels and stones has risen for the third year in a row. In 2020, imports totaled 6 251 tonnes, showing a significant increase of 10.2% year-over-year. Over the period from 2017 to 2020, imports grew by 31%, with a compound annual growth rate of 9.4%.

Annual dynamics of product's imports to Germany in kind, 2017-2020, t

Between 2017 and 2020, China dominated Germany's imports in volume terms, accounting for 71.5% of total flows. The rest was shared among several smaller markets, underscoring China's leading role in this segment.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Germany in kind, 2017-2020

Imports in value, M $ US

After two years of growth, Germany's import value of diamond abrasive wheels and stones declined. In 2020, imports reached 175.9 million US dollars, down by 0.8% from the previous year. The peak was in 2019 at 177.2 million US dollars, with the largest annual increase of 4.5% recorded in 2018. Overall, from 2017 to 2020, imports increased by 4.6%, averaging an annual growth of 1.5%.

Annual dynamics of product's imports to Germany in value, 2017-2020, M $ US

From 2017 to 2020, China was the top source for Germany's imports in value terms, making up 32.5% of the total. South Korea contributed 10.6%, and Austria 9.3%, together accounting for 52.4% of imports. These three countries were the main suppliers of diamond abrasive wheels and stones to Germany during this period.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Germany in value, 2017-2020