Singapore - Artificial Corundum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingArtificial Corundum Price in Singapore - 2022
Contents:
- Artificial Corundum Price in Singapore (CIF) - 2022
- Artificial Corundum Price in Singapore (FOB) - 2022
- Artificial Corundum Imports in Singapore
- Artificial Corundum Exports in Singapore
Artificial Corundum Price in Singapore (CIF) - 2022
The average artificial corundum import price stood at $2,449 per ton in 2022, with an increase of 82% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($16,356 per ton), while the price for China ($1,603 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Artificial Corundum Price in Singapore (FOB) - 2022
In 2022, the average artificial corundum export price amounted to $5,534 per ton, with an increase of 59% against the previous year. In general, the export price showed a resilient expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 324% against the previous year. As a result, the export price attained the peak level of $9,487 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($8,033 per ton), while the average price for exports to Malaysia ($2,617 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+64.6%), while the prices for the other major destinations experienced more modest paces of growth.
Artificial Corundum Imports in Singapore
For the fourth year in a row, Singapore recorded growth in overseas purchases of artificial corundum, which increased by 9.5% to 615 tons in 2022. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 87% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, artificial corundum imports soared to $1.5M in 2022. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Artificial Corundum in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 79.0 | 149 | 355 | 705 | 107.4% |
| United Kingdom | 232 | 158 | 190 | 376 | 17.5% |
| Germany | 34.3 | 23.4 | 82.6 | 164 | 68.5% |
| Austria | 25.5 | 51.4 | 30.0 | 69.3 | 39.6% |
| Others | 57.3 | 51.4 | 98.3 | 190 | 49.1% |
| Total | 428 | 433 | 756 | 1,505 | 52.1% |
Top Suppliers of Artificial Corundum to Singapore in 2022:
- China (439.9 tons)
- United Kingdom (123.6 tons)
- Austria (21.6 tons)
- Germany (10.0 tons)
Artificial Corundum Exports in Singapore
In 2022, approx. 44 tons of artificial corundum were exported from Singapore; growing by 11% compared with the year before. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 238%. As a result, the exports reached the peak of 60 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, artificial corundum exports skyrocketed to $243K in 2022. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 171%. As a result, the exports reached the peak of $315K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Artificial Corundum in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 25.5 | 80.7 | 41.7 | 118 | 66.6% |
| Taiwan (Chinese) | 47.9 | 28.0 | 50.1 | 73.6 | 15.4% |
| Hong Kong SAR | 11.8 | 10.5 | 28.4 | 38.0 | 47.7% |
| Philippines | 6.1 | 2.3 | 2.0 | 6.0 | -0.5% |
| Malaysia | 1.9 | 1.2 | 0.4 | 2.3 | 6.6% |
| Oman | N/A | 189 | N/A | N/A | 0% |
| Netherlands | N/A | N/A | 8.3 | N/A | 0% |
| Others | 23.0 | 3.5 | 6.5 | 5.8 | -36.8% |
| Total | 116 | 315 | 138 | 243 | 28.0% |
Top Export Markets for Artificial Corundum from Singapore in 2022:
- Indonesia (25.8 tons)
- Taiwan (Chinese) (10.3 tons)
- Hong Kong SAR (4.7 tons)
- Philippines (1.7 tons)
- Malaysia (0.9 tons)
This report provides an in-depth analysis of the artificial corundum market in Singapore. 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:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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
-
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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