Norway: Artificial Corundum Market 2024

Artificial Corundum Market Size in Norway

The Norwegian artificial corundum market soared to $X in 2022, increasing 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 posted a prominent expansion. Artificial corundum consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Artificial Corundum Exports

Exports from Norway

In 2022, the amount of artificial corundum exported from Norway contracted markedly to X tons, which is down by X% against the year before. In general, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, artificial corundum exports dropped notably to $X in 2022. Overall, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X tons), Romania (X tons) and Denmark (X kg) were the main destinations of artificial corundum exports from Norway, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for artificial corundum exported from Norway were Sweden ($X), Romania ($X) and Denmark ($X), together comprising X% of total exports. Cyprus and Poland lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Cyprus, with a CAGR of X%, saw the highest growth rate of 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, with an increase of X% against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price 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, artificial corundum export price decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2016 an increase of X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Romania ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Artificial Corundum Imports

Imports into Norway

In 2022, approx. X tons of artificial corundum were imported into Norway; increasing by X% on 2021 figures. Overall, imports saw a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, artificial corundum imports surged to $X in 2022. Over the period under review, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of artificial corundum to Norway, with a X% share of total imports. Moreover, artificial corundum imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. The UK (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the largest artificial corundum suppliers to Norway were China ($X), France ($X) and the UK ($X), together accounting for X% of total imports. Ukraine, Germany and Belgium lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Ukraine, 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, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Belgium ($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 mixed trend patterns.

Source: IndexBox Platform

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