Finland: Artificial Corundum Market 2024

Artificial Corundum Market Size in Finland

The Finnish artificial corundum market dropped slightly to $X in 2022, flattening at 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, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, leveling off in the following year.

Artificial Corundum Exports

Exports from Finland

Artificial corundum exports from Finland fell sharply to X tons in 2022, which is down by X% compared with 2021 figures. In general, exports continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then declined rapidly in the following year.

In value terms, artificial corundum exports shrank rapidly to $X in 2022. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 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

Sweden (X tons) was the main destination for artificial corundum exports from Finland, accounting for a X% share of total exports. Moreover, artificial corundum exports to Sweden exceeded the volume sent to the second major destination, Indonesia (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Sweden stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Belarus (X% per year).

In value terms, Sweden ($X), Indonesia ($X) and Belarus ($X) were the largest markets for artificial corundum exported from Finland worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Sweden, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average artificial corundum export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, saw a abrupt setback. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Sweden ($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 Russia (X%).

Artificial Corundum Imports

Imports into Finland

In 2022, the amount of artificial corundum imported into Finland contracted to X tons, stabilizing at the previous year's figure. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, leveling off in the following year.

In value terms, artificial corundum imports contracted slightly to $X in 2022. In general, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

Brazil (X tons), Austria (X tons) and India (X tons) were the main suppliers of artificial corundum imports to Finland, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Brazil ($X) and Germany ($X) appeared to be the largest artificial corundum suppliers to Finland, together comprising X% of total imports. India, Italy, Hungary and Russia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, India, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average artificial corundum import price amounted to $X per ton, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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