China - Artificial Corundum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingArtificial Corundum Price in China - 2023
Contents:
- Artificial Corundum Price in China (FOB) - 2023
- Artificial Corundum Price in China (CIF) - 2022
- Artificial Corundum Exports in China
- Artificial Corundum Imports in China
Artificial Corundum Price in China (FOB) - 2023
In September 2023, the average artificial corundum export price amounted to $796 per ton, flattening at the previous month. In general, the export price, however, saw a pronounced setback. The growth pace was the most rapid in November 2022 an increase of 24% month-to-month. Over the period under review, the average export prices attained the peak figure at $1,970 per ton in December 2022; however, from January 2023 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Germany ($1,268 per ton), while the average price for exports to Spain ($608 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-0.7%), while the prices for the other major destinations experienced a decline.
Artificial Corundum Price in China (CIF) - 2022
In 2022, the average artificial corundum import price amounted to $4,019 per ton, jumping by 20% against the previous year. Overall, the import price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 an increase of 138% against the previous year. The import price peaked at $5,691 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
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 Switzerland ($26,417 per ton), while the price for South Korea ($750 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Artificial Corundum Exports in China
In 2022, artificial corundum exports from China dropped to 882K tons, reducing by -8% on 2021 figures. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +7.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 54%. As a result, the exports attained the peak of 959K tons, and then declined in the following year.
In value terms, artificial corundum exports expanded rapidly to $1.3B in 2022. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 105% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Artificial Corundum in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 107 | 89.4 | 240 | 207 | 24.6% |
| United States | 71.8 | 55.4 | 103 | 156 | 29.5% |
| South Korea | 51.5 | 58.2 | 147 | 119 | 32.2% |
| India | 47.3 | 43.5 | 82.1 | 113 | 33.7% |
| Netherlands | 17.6 | 17.8 | 90.6 | 83.1 | 67.8% |
| Turkey | 18.5 | 21.0 | 30.4 | 43.8 | 33.3% |
| Thailand | 23.0 | 23.5 | 44.3 | 43.2 | 23.4% |
| Poland | 19.2 | 14.6 | 18.2 | 37.0 | 24.4% |
| Germany | 22.1 | 20.9 | 27.9 | 37.0 | 18.7% |
| United Kingdom | 17.9 | 15.2 | 26.9 | 34.8 | 24.8% |
| Italy | 18.6 | 15.3 | 20.9 | 29.1 | 16.1% |
| United Arab Emirates | 3.3 | 7.0 | 16.2 | 19.9 | 82.0% |
| Iran | 14.1 | 13.6 | 5.1 | 19.3 | 11.0% |
| Others | 151 | 188 | 341 | 342 | 31.3% |
| Total | 584 | 583 | 1,194 | 1,284 | 30.0% |
Top Export Markets for Artificial Corundum from China in 2022:
- United States (171.6K tons)
- Japan (121.4K tons)
- India (81.2K tons)
- Netherlands (75.8K tons)
- South Korea (62.6K tons)
- Turkey (35.1K tons)
- Poland (27.3K tons)
- Thailand (27.3K tons)
- Germany (22.2K tons)
- Italy (21.0K tons)
- Iran (19.8K tons)
- United Kingdom (17.6K tons)
- United Arab Emirates (17.4K tons)
Artificial Corundum Imports in China
In 2022, the amount of artificial corundum imported into China contracted sharply to 4.5K tons, reducing by -30% on 2021. Over the period under review, imports saw a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 67%.
In value terms, artificial corundum imports shrank remarkably to $18M in 2022. In general, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 37% against the previous year.
| Import of Artificial Corundum in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 6.7 | 5.6 | 5.8 | 4.9 | -9.9% |
| United States | 3.9 | 2.1 | 3.1 | 3.1 | -7.4% |
| Switzerland | 4.7 | 3.0 | 4.6 | 2.8 | -15.9% |
| Canada | 1.2 | 1.7 | 1.6 | 1.5 | 7.7% |
| Russia | 2.9 | 0.6 | 1.3 | 1.5 | -19.7% |
| France | 1.3 | 0.5 | 1.1 | 0.9 | -11.5% |
| South Korea | 2.1 | 0.1 | 1.3 | 0.7 | -30.7% |
| Germany | 0.8 | 0.7 | 1.1 | 0.6 | -9.1% |
| Austria | 0.3 | 0.2 | 0.3 | 0.5 | 18.6% |
| Netherlands | 1.9 | N/A | N/A | N/A | 0% |
| Others | 1.4 | 1.0 | 1.2 | 1.6 | 4.6% |
| Total | 27.2 | 15.7 | 21.4 | 18.0 | -12.9% |
Top Suppliers of Artificial Corundum to China in 2022:
- Japan (1506.7 tons)
- South Korea (957.5 tons)
- United States (560.3 tons)
- Canada (346.2 tons)
- Germany (218.0 tons)
- Austria (184.4 tons)
- France (178.4 tons)
- Switzerland (104.6 tons)
- Russia (50.3 tons)
- Netherlands (2.3 tons)
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
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628
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