China - Artificial Corundum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingArtificial Corundum Export in China Shrinks Modestly to 80K Tons in September 2022
China Artificial Corundum Exports
In September 2022, the amount of artificial corundum exported from China fell to 80K tons, dropping by -7.5% compared with August 2022 figures. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in April 2022 with an increase of 60% against the previous month. As a result, the exports attained the peak of 89K tons. From May 2022 to September 2022, the growth of the exports remained at a lower figure.
In value terms, artificial corundum exports contracted sharply to $97M (IndexBox estimates) in September 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2022 when exports increased by 66% month-to-month. Over the period under review, the exports attained the peak figure at 147K tons in July 2022; however, from August 2022 to September 2022, the exports remained at a lower figure.
Exports by Country
The United States (29K tons) was the main destination for artificial corundum exports from China, with a 36% share of total exports. Moreover, artificial corundum exports to the United States exceeded the volume sent to the second major destination, Japan (12K tons), twofold. The third position in this ranking was held by India (5.5K tons), with a 6.8% share.
From January 2022 to September 2022, the average monthly growth rate of volume to the United States stood at +18.4%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Japan (-0.3% per month) and India (-9.9% per month).
In value terms, the United States ($25M), Japan ($20M) and South Korea ($9.4M) were the largest markets for artificial corundum exported from China worldwide, together accounting for 56% of total exports. India, Thailand, Taiwan (Chinese), Turkey, the Netherlands, Iran, the United Arab Emirates, Germany, Spain and Russia lagged somewhat behind, together accounting for a further 30%.
Among the main countries of destination, Spain, with a CAGR of +28.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In September 2022, the artificial corundum price amounted to $1,208 per ton (FOB, China), waning by -20.2% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when the average export price increased by 28% m-o-m. Over the period under review, the average export prices attained the maximum at $1,724 per ton in July 2022; however, from August 2022 to September 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2022, the country with the highest price was South Korea ($2,051 per ton), while the average price for exports to the United States ($842 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Artificial Corundum Market Overview
The artificial corundum market in China has been growing rapidly in recent years, due to the increasing demand from a variety of industries. The main factors driving the growth of the market are the increasing use of artificial corundum in refractory materials and abrasives, as well as the growing demand from the electronics and semiconductor industries.
Other factors fueling the market growth include the rising disposable incomes and improving the living standards of the Chinese people. The growing middle class is increasingly spending on luxury goods and services, which is supporting the growth of the artificial corundum market.
The Chinese government has been supportive of the development of the artificial corundum industry and has invested heavily in research and development activities. This has resulted in a number of technological advances that have made artificial corundum more affordable and accessible to a wider range of industries.
Additionally, China's favorable policies towards foreign investments are attracting a lot of international companies to set up their manufacturing facilities in the country, which is further boosting the market growth.
This report provides an in-depth analysis of the artificial corundum market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23991500 - Artificial corundum (excluding mechanical mixtures)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
