Austria: Artificial Corundum Market 2024

Artificial Corundum Market Size in Austria

In 2021, the Austrian artificial corundum market increased by 37% to $X, rising for the second year in a row after two years of decline. In general, consumption posted a significant expansion. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in the immediate term.

Artificial Corundum Production in Austria

In value terms, artificial corundum production totaled $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 105%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Artificial Corundum Exports

Exports from Austria

In 2021, shipments abroad of artificial corundum was finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, saw a dramatic contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 6.5%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, artificial corundum exports reduced to $X in 2021. In general, exports, however, recorded a precipitous slump. The growth pace was the most rapid in 2017 when exports increased by 14% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), the United States (X kg) and Italy (X kg) were the main destinations of artificial corundum exports from Austria, together comprising 54% of total exports. Japan, Turkey, Poland, France, Finland, Canada, Sweden, Portugal, Switzerland and Thailand lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of -61.6%), while the other leaders experienced a decline.

In value terms, Germany ($X), the United States ($X) and Italy ($X) were the largest markets for artificial corundum exported from Austria worldwide, with a combined 55% share of total exports. These countries were followed by Turkey, Japan, Poland, Finland, Canada, Switzerland, Portugal, Sweden, France and Thailand, which together accounted for a further 34%.

In terms of the main countries of destination, Portugal, with a CAGR of -62.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average artificial corundum export price stood at $X per ton in 2021, declining by -10.9% against the previous year. Over the period under review, the export price saw a pronounced downturn. The growth pace was the most rapid in 2017 when the average export price increased by 7.2% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, 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 Thailand ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+7.4%), while the prices for the other major destinations experienced a decline.

Artificial Corundum Imports

Imports into Austria

In 2021, purchases abroad of artificial corundum was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, showed a noticeable decline. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, artificial corundum imports surged to $X in 2021. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Slovenia (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of artificial corundum imports to Austria, together comprising 75% of total imports. France, China, Hungary and the United States lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +12.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest artificial corundum suppliers to Austria were Germany ($X), the United States ($X) and Slovenia ($X), together accounting for 64% of total imports.

In terms of the main suppliers, the United States, with a CAGR of +10.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average artificial corundum import price amounted to $X per ton, picking up by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +3.4%. The pace of growth was the most pronounced in 2017 an increase of 14%. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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