Spain - Artificial Corundum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingArtificial Corundum Price in Spain - 2023
Contents:
- Artificial Corundum Price in Spain (CIF) - 2023
- Artificial Corundum Price in Spain (FOB) - 2022
- Artificial Corundum Imports in Spain
- Artificial Corundum Exports in Spain
Artificial Corundum Price in Spain (CIF) - 2023
The average artificial corundum import price stood at $1,053 per ton in August 2023, shrinking by -26.6% against the previous month. Over the period under review, the import price showed a pronounced slump. The most prominent rate of growth was recorded in April 2023 an increase of 83% against the previous month. As a result, import price reached the peak level of $1,709 per ton. From May 2023 to August 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($5,592 per ton), while the price for China ($697 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Artificial Corundum Price in Spain (FOB) - 2022
In 2022, the average artificial corundum export price amounted to $2,213 per ton, increasing by 46% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, artificial corundum export price increased by +75.0% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Morocco ($2,954 per ton), while the average price for exports to Portugal ($1,672 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 Algeria (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.
Artificial Corundum Imports in Spain
In 2022, the amount of artificial corundum imported into Spain dropped to 23K tons, with a decrease of -6.4% on the previous year's figure. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +7.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 70% against the previous year. As a result, imports attained the peak of 25K tons, and then reduced in the following year.
In value terms, artificial corundum imports skyrocketed to $34M in 2022. Overall, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 72%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Artificial Corundum in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.6 | 2.0 | 5.6 | 9.7 | 20.1% |
| France | 7.5 | 6.1 | 8.4 | 7.4 | -0.4% |
| Germany | 1.9 | 1.8 | 4.0 | 3.4 | 21.4% |
| Bahrain | N/A | 0.3 | 1.1 | 2.8 | 205.5% |
| Italy | 1.1 | 1.3 | 1.9 | 2.4 | 29.7% |
| Luxembourg | 0.4 | 0.2 | 0.4 | 2.1 | 73.8% |
| Brazil | 1.2 | 0.8 | 1.3 | 1.7 | 12.3% |
| Russia | 1.8 | 1.7 | 3.1 | 0.8 | -23.7% |
| Others | 3.5 | 2.4 | 2.9 | 4.0 | 4.6% |
| Total | 23.0 | 16.6 | 28.7 | 34.1 | 14.0% |
Top Suppliers of Artificial Corundum to Spain in 2022:
- China (8.8K tons)
- France (3.3K tons)
- Bahrain (2.4K tons)
- Luxembourg (1.9K tons)
- Italy (1.8K tons)
- Brazil (1.2K tons)
- Germany (0.9K tons)
- Russia (0.8K tons)
Artificial Corundum Exports in Spain
In 2022, after two years of decline, there was significant growth in shipments abroad of artificial corundum, when their volume increased by 106% to 867 tons. In general, exports saw resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, artificial corundum exports soared to $1.9M in 2022. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Artificial Corundum in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 85.8 | 58.4 | 78.5 | 635 | 94.9% |
| Portugal | 212 | 119 | 99.2 | 298 | 12.0% |
| Italy | 33.1 | 50.6 | 50.2 | 265 | 100.1% |
| Germany | 24.6 | 38.9 | 98.7 | 249 | 116.3% |
| Mexico | 22.0 | 31.1 | 48.3 | 128 | 79.9% |
| Brazil | 8.9 | 18.9 | 32.5 | 72.4 | 101.1% |
| Morocco | 29.9 | 6.2 | 2.7 | 60.0 | 26.1% |
| Algeria | 190 | 9.4 | 44.3 | 47.7 | -36.9% |
| Colombia | 29.3 | 18.5 | 9.6 | 31.0 | 1.9% |
| Egypt | 105 | 4.2 | N/A | 3.3 | -68.4% |
| Hong Kong SAR | N/A | 3.6 | N/A | N/A | 0% |
| Others | 137 | 226 | 174 | 129 | -2.0% |
| Total | 877 | 584 | 638 | 1,919 | 29.8% |
Top Export Markets for Artificial Corundum from Spain in 2022:
- France (257.6 tons)
- Portugal (178.4 tons)
- Germany (107.9 tons)
- Italy (98.7 tons)
- Mexico (75.5 tons)
- Brazil (34.1 tons)
- Algeria (25.3 tons)
- Morocco (20.3 tons)
- Colombia (11.2 tons)
- Egypt (1.8 tons)
This report provides an in-depth analysis of the artificial corundum market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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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