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Italy - Artificial Corundum - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Italy - Artificial Corundum - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: Aug 22, 2023

Italy's Artificial Corundum Sees Staggering 47% Price Surge, Reaching $1,981 per Ton

Italy Artificial Corundum Import Price in May 2023

In May 2023, the artificial corundum price amounted to $1,981 per ton (CIF, Italy), with an increase of 47% against the previous month. Over the period under review, import price indicated a pronounced expansion from May 2022 to May 2023: its price increased at an average monthly rate of +2.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, artificial corundum import price increased by +62.4% against February 2023 indices. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 49% against the previous month. Over the period under review, average import prices reached the peak figure in May 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($4,699 per ton), while the price for China ($961 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Slovenia (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Italy Artificial Corundum Import Prices By Country (USD Per Ton)
COUNTRYImport Price of Artificial Corundum in Italy (USD per ton)
May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023
Germany4,7703,9084,6523,4454,2991,4902,6502,7303,6851,9312,8662,7784,699
Austria2,4232,7592,0541,8622,5951,5123,1192,4702,5952,6442,1722,3513,262
Slovenia1,0621,2161,1061,0451,0361,0931,7721,3261,7701,6101,6931,2732,207
France1,6841,3991,8201,0972,2091,6761,1528991,1459951,4186,8101,901
Hungary1,4141,7622,0191,6711,5131,4861,5361,5171,7991,3441,4831,6971,425
Ukraine1,1731,1341,1631,1561,1371,2381,2551,2101,4369509861,017997
China1,3331,2061,2541,2711,1381,1711,2491,249839854938921961
Average1,5341,4371,7511,4241,3911,2861,9191,8171,5501,2201,5661,3451,981

Italy Artificial Corundum Imports

In May 2023, artificial corundum imports into Italy shrank to 3.4K tons, falling by -13.5% compared with the month before. Over the period under review, imports continue to indicate a perceptible decrease. The pace of growth appeared the most rapid in June 2022 with an increase of 75% m-o-m. As a result, imports reached the peak of 8.7K tons. From July 2022 to May 2023, the growth of imports remained at a lower figure.

In value terms, artificial corundum imports soared to $6.7M (IndexBox estimates) in May 2023. In general, imports saw a mild downturn. The most prominent rate of growth was recorded in September 2022 with an increase of 66% m-o-m.

Italy Artificial Corundum Imports by Country

China (949 tons), Austria (874 tons) and Slovenia (312 tons) were the main suppliers of artificial corundum imports to Italy, with a combined 63% share of total imports. Germany, Ukraine, the Czech Republic, Hungary and France lagged somewhat behind, together comprising a further 29%.

From May 2022 to May 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +8.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($2.9M) constituted the largest supplier of artificial corundum to Italy, comprising 42% of total imports. The second position in the ranking was taken by Germany ($1.1M), with a 16% share of total imports. It was followed by China, with a 14% share.

From May 2022 to May 2023, the average monthly rate of growth in terms of value from Austria stood at +3.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (+2.0% per month) and China (-1.6% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the artificial corundum market in Italy. 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:

  • Italy

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Italy
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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