U.S. - Artificial Corundum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingArtificial Corundum Price in the United States - 2023
Contents:
- Artificial Corundum Price in the United States (CIF) - 2023
- Artificial Corundum Price in the United States (FOB) - 2022
- Artificial Corundum Imports in the United States
- Artificial Corundum Exports in the United States
Artificial Corundum Price in the United States (CIF) - 2023
The average artificial corundum import price stood at $1,041 per ton in September 2023, with an increase of 12% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 74% against the previous month. As a result, import price attained the peak level of $1,520 per ton. From April 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($2,944 per ton), while the price for China ($700 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Austria (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Artificial Corundum Price in the United States (FOB) - 2022
The average artificial corundum export price stood at $3,032 per ton in 2022, waning by -13.4% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 19% against the previous year. As a result, the export price reached the peak level of $3,500 per ton, and then contracted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($10,583 per ton), while the average price for exports to Slovenia ($511 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 Germany (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Artificial Corundum Imports in the United States
In 2022, artificial corundum imports into the United States skyrocketed to 225K tons, increasing by 41% on 2021 figures. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +7.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, artificial corundum imports soared to $226M in 2022. Over the period under review, imports continue to indicate prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Artificial Corundum in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 67.3 | 40.7 | 67.8 | 128 | 23.9% |
| Austria | 19.6 | 14.9 | 17.9 | 26.8 | 11.0% |
| Canada | 12.4 | 13.2 | 16.9 | 16.6 | 10.2% |
| Brazil | 13.1 | 9.6 | 6.8 | 11.9 | -3.2% |
| Germany | 12.1 | 8.7 | 8.6 | 11.0 | -3.1% |
| France | 8.5 | 4.6 | 7.5 | 8.2 | -1.2% |
| Turkey | N/A | N/A | 0.3 | 8.0 | 2566.7% |
| Hong Kong SAR | 27.0 | 4.4 | N/A | 0.1 | -84.5% |
| Others | 17.1 | 11.1 | 14.6 | 15.9 | -2.4% |
| Total | 177 | 107 | 140 | 226 | 8.5% |
Top Suppliers of Artificial Corundum to the United States in 2022:
- China (157.9K tons)
- Canada (16.2K tons)
- Brazil (13.3K tons)
- Austria (10.5K tons)
- Turkey (7.5K tons)
- Germany (4.7K tons)
- France (3.9K tons)
- Hong Kong SAR (0.1K tons)
Artificial Corundum Exports in the United States
In 2022, approx. 20K tons of artificial corundum were exported from the United States; surging by 13% on the year before. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 32%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, artificial corundum exports contracted modestly to $61M in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 56%.
| Export of Artificial Corundum in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 13.5 | 11.0 | 12.7 | 13.8 | 0.7% |
| Germany | 11.6 | 8.6 | 17.8 | 11.8 | 0.6% |
| Mexico | 8.8 | 6.7 | 8.3 | 11.2 | 8.4% |
| Brazil | 2.4 | 2.2 | 5.4 | 5.5 | 31.8% |
| Japan | 6.4 | 3.3 | 7.2 | 5.4 | -5.5% |
| China | 3.7 | 1.7 | 2.7 | 3.0 | -6.8% |
| India | 2.1 | 1.4 | 2.0 | 2.3 | 3.1% |
| United Kingdom | 0.1 | 0.2 | 0.4 | 0.7 | 91.3% |
| Slovenia | N/A | N/A | 0.1 | 0.3 | 200.0% |
| France | 6.1 | 0.1 | N/A | N/A | -98.4% |
| Others | 7.2 | 4.3 | 5.0 | 6.7 | -2.4% |
| Total | 61.9 | 39.5 | 61.7 | 60.6 | -0.7% |
Top Export Markets for Artificial Corundum from the United States in 2022:
- Canada (8.0K tons)
- Mexico (6.2K tons)
- Brazil (1.3K tons)
- Germany (1.2K tons)
- Slovenia (0.6K tons)
- Japan (0.5K tons)
- United Kingdom (0.5K tons)
- India (0.3K tons)
- China (0.3K tons)
This report provides an in-depth analysis of the artificial corundum market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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