EU: Artificial Corundum Market 2024

Artificial Corundum Market Size in the EU

In 2023, the EU artificial corundum market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Overall, consumption continues to indicate a slight reduction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Artificial Corundum Production in the EU

In value terms, artificial corundum production reduced modestly to $X in 2023 estimated in export price. In general, production showed a pronounced curtailment. The pace of growth appeared the most rapid in 2022 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Artificial Corundum Exports

Exports in the EU

In 2023, overseas shipments of artificial corundum decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, artificial corundum exports contracted remarkably to $X in 2023. Overall, exports, however, posted slight growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then contracted notably in the following year.

Exports by Country

In 2023, Germany (X tons), the Netherlands (X tons), France (X tons), Italy (X tons), Belgium (X tons), Slovenia (X tons) and Hungary (X tons) was the key exporter of artificial corundum in the European Union, committing X% of total export.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest artificial corundum supplying countries in the European Union were Germany ($X), France ($X) and Italy ($X), with a combined X% share of total exports. The Netherlands, Hungary, Slovenia and Belgium lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2023, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 an increase of X%. The level of export peaked in 2023 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Artificial Corundum Imports

Imports in the EU

After two years of growth, purchases abroad of artificial corundum decreased by X% to X tons in 2023. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2022, and then fell rapidly in the following year.

In value terms, artificial corundum imports reduced rapidly to $X in 2023. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2022, and then shrank dramatically in the following year.

Imports by Country

Germany represented the major importing country with an import of about X tons, which finished at X% of total imports. The Netherlands (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Italy (X%), Austria (X%), Poland (X%), Belgium (X%), France (X%), Spain (X%) and Slovenia (X%).

Germany experienced a relatively flat trend pattern with regard to volume of imports of artificial corundum. At the same time, the Netherlands (X%), France (X%) and Spain (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. Poland, Slovenia and Belgium experienced a relatively flat trend pattern. By contrast, Italy (X%) and Austria (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the Netherlands increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest artificial corundum importing markets in the European Union were Germany ($X), Austria ($X) and Italy ($X), with a combined X% share of total imports. The Netherlands, Poland, France, Spain, Belgium and Slovenia lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2022, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Austria ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Austria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform