Germany: Artificial Corundum Market 2024

Artificial Corundum Market Size in Germany

In 2022, the German artificial corundum market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. Artificial corundum consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Artificial Corundum Production in Germany

In value terms, artificial corundum production fell to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Artificial corundum production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Artificial Corundum Exports

Exports from Germany

In 2022, shipments abroad of artificial corundum increased by X% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, artificial corundum exports expanded remarkably to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

France (X tons), Austria (X tons) and Poland (X tons) were the main destinations of artificial corundum exports from Germany, with a combined X% share of total exports. The Netherlands, the United States, Slovenia, Turkey, Switzerland, Spain, Russia, Italy and Belgium lagged somewhat behind, together accounting for a further X%.

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

In value terms, Austria ($X), the United States ($X) and France ($X) constituted the largest markets for artificial corundum exported from Germany worldwide, together accounting for X% of total exports. Switzerland, the Netherlands, Poland, Italy, Turkey, Slovenia, Russia, Spain and Belgium lagged somewhat behind, together comprising a further X%.

Slovenia, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average artificial corundum export price stood at $X per ton in 2022, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded 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 2021, and then dropped modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Belgium ($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 Slovenia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Artificial Corundum Imports

Imports into Germany

In 2022, purchases abroad of artificial corundum increased by X% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, artificial corundum imports surged to $X in 2022. In general, total imports indicated noticeable 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 most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest artificial corundum supplier to Germany, accounting for a X% share of total imports. Moreover, artificial corundum imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Hungary (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Hungary (X% per year).

In value terms, the largest artificial corundum suppliers to Germany were the Netherlands ($X), China ($X) and France ($X), together accounting for X% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, recorded 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, with an increase of X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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