Belgium - Artificial Corundum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingArtificial Corundum Price in Belgium - 2023
Contents:
- Artificial Corundum Price in Belgium (CIF) - 2022
- Artificial Corundum Price in Belgium (FOB) - 2023
- Artificial Corundum Imports in Belgium
- Artificial Corundum Exports in Belgium
Artificial Corundum Price in Belgium (CIF) - 2022
The average artificial corundum import price stood at $1,265 per ton in 2022, picking up by 57% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, artificial corundum import price increased by +63.1% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($1,512 per ton), while the price for Brazil ($987 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Artificial Corundum Price in Belgium (FOB) - 2023
The average artificial corundum export price stood at $814 per ton in August 2023, with a decrease of -3.6% against the previous month. In general, the export price recorded a perceptible setback. The growth pace was the most rapid in September 2022 when the average export price increased by 40% month-to-month. Over the period under review, the average export prices hit record highs at $2,188 per ton in October 2022; however, from November 2022 to August 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was the United States ($1,910 per ton), while the average price for exports to Germany ($708 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (-1.3%), while the prices for the other major destinations experienced a decline.
Artificial Corundum Imports in Belgium
In 2022, overseas purchases of artificial corundum decreased by -31.2% to 13K tons, falling for the second year in a row after two years of growth. Overall, imports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 288%. As a result, imports attained the peak of 31K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, artificial corundum imports rose remarkably to $16M in 2022. In general, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 235%. As a result, imports reached the peak of $24M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Artificial Corundum in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 4.5 | 17.6 | 11.4 | 13.3 | 43.5% |
Ukraine | N/A | 0.9 | 1.2 | 1.1 | 10.6% |
Germany | 0.7 | 0.7 | 0.9 | 1.0 | 12.6% |
Brazil | N/A | 1.5 | N/A | 0.1 | -74.2% |
United Kingdom | 1.6 | 2.8 | N/A | N/A | 75.0% |
Others | 0.5 | 0.7 | 1.7 | 0.9 | 21.6% |
Total | 7.2 | 24.2 | 15.2 | 16.5 | 31.8% |
Top Suppliers of Artificial Corundum to Belgium in 2022:
- United Kingdom (undefinedK tons)
- China (10.7K tons)
- Ukraine (1.0K tons)
- Germany (0.7K tons)
- Brazil (0.1K tons)
Artificial Corundum Exports in Belgium
In 2022, overseas shipments of artificial corundum decreased by -23.8% to 10K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 2,356% against the previous year. As a result, the exports reached the peak of 28K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, artificial corundum exports soared to $16M in 2022. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 2,278% against the previous year. As a result, the exports reached the peak of $23M. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Artificial Corundum in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | N/A | 1.2 | 3.2 | 5.4 | 112.1% |
Poland | N/A | N/A | 0.1 | 4.3 | 4200.0% |
France | N/A | 3.8 | 4.2 | 3.2 | -8.2% |
Germany | 0.8 | 15.7 | 2.9 | 0.8 | 0.0% |
Netherlands | N/A | 0.6 | 1.1 | 0.5 | -8.7% |
Spain | N/A | 0.2 | N/A | 0.1 | -29.3% |
Others | 0.1 | 1.8 | 1.2 | 1.1 | 122.4% |
Total | 1.0 | 23.5 | 12.7 | 15.5 | 149.3% |
Top Export Markets for Artificial Corundum from Belgium in 2022:
- Poland (3.4K tons)
- France (2.5K tons)
- United States (2.0K tons)
- Germany (0.7K tons)
- Netherlands (0.4K tons)
- Spain (0.2K tons)
This report provides an in-depth analysis of the artificial corundum market in Belgium. 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:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- 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
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