Argentina: Artificial Corundum Market 2024

Artificial Corundum Market Size in Argentina

The Argentinian artificial corundum market fell to $X in 2022, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a relatively flat trend pattern. Artificial corundum consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Artificial Corundum Exports

Exports from Argentina

In 2022, after two years of decline, there was significant growth in shipments abroad of artificial corundum, when their volume increased by X% to X kg. Overall, exports, however, saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, artificial corundum exports reached $X in 2022. Over the period under review, exports, however, continue to indicate a sharp slump. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X kg) was the main destination for artificial corundum exports from Argentina, accounting for a X% share of total exports. Moreover, artificial corundum exports to the UK exceeded the volume sent to the second major destination, Brazil (X kg), eightfold. The third position in this ranking was held by Paraguay (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Paraguay (X% per year).

In value terms, the UK ($X) emerged as the key foreign market for artificial corundum exports from Argentina, comprising X% of total exports. The second position in the ranking was taken by Bolivia ($X), with a X% share of total exports. It was followed by Paraguay, with an X% share.

From 2012 to 2022, the average annual growth rate of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (X% per year) and Paraguay (X% per year).

Export Prices by Country

The average artificial corundum export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Brazil ($X 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 Bolivia (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Artificial Corundum Imports

Imports into Argentina

Artificial corundum imports into Argentina reduced markedly to X tons in 2022, waning by X% compared with 2021. Over the period under review, imports saw a noticeable decline. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, artificial corundum imports declined to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Brazil (X tons) and Italy (X tons) were the main suppliers of artificial corundum imports to Argentina, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest artificial corundum suppliers to Argentina were China ($X), Brazil ($X) and Italy ($X), together comprising X% of total imports.

Brazil, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average artificial corundum import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price showed a perceptible expansion. The growth pace was the most rapid in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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