Report Update Nov 1, 2024

Belarus - Artificial Corundum - Market Analysis, Forecast, Size, Trends and Insights

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Belarus: Artificial Corundum Market 2024

Artificial Corundum Market Size in Belarus

In 2021, after two years of growth, there was significant decline in the Belarusian artificial corundum market, when its value decreased by -8.7% to $X. Overall, consumption, however, continues to indicate a buoyant expansion. Over the period under review, the market reached the peak level at $X in 2020, and then contracted in the following year.

Artificial Corundum Exports

Exports from Belarus

In 2021, approx. X tons of artificial corundum were exported from Belarus; rising by 63% on the previous year. In general, exports, however, continue to indicate a pronounced reduction. The growth pace was the most rapid in 2015 when exports increased by 340%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, artificial corundum exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2019 with an increase of 74% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for artificial corundum exports from Belarus, with a 100% share of total exports. It was followed by Lithuania (X kg), with a 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled -3.8%.

In value terms, Russia ($X) remains the key foreign market for artificial corundum exports from Belarus, comprising 99.9% of total exports. The second position in the ranking was taken by Lithuania ($X), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia amounted to -1.8%.

Export Prices by Country

In 2021, the average artificial corundum export price amounted to $X per ton, declining by -10.7% against the previous year. Over the period under review, the export price, however, recorded a temperate expansion. The pace of growth appeared the most rapid in 2013 when the average export price increased by 166% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+2.1%).

Artificial Corundum Imports

Imports into Belarus

In 2021, after six years of growth, there was significant decline in purchases abroad of artificial corundum, when their volume decreased by -19.3% to X tons. In general, imports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 106%. As a result, imports attained the peak of X tons, and then shrank significantly in the following year.

In value terms, artificial corundum imports shrank slightly to $X in 2021. Over the period under review, imports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 89% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then dropped modestly in the following year.

Imports by Country

Brazil (X tons), Ukraine (X tons) and Russia (X tons) were the main suppliers of artificial corundum imports to Belarus, together comprising 55% of total imports. These countries were followed by Germany, Bosnia and Herzegovina, China and France, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +66.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest artificial corundum suppliers to Belarus were Brazil ($X), Russia ($X) and Germany ($X), with a combined 42% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of +39.1%, 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 2021, the average artificial corundum import price amounted to $X per ton, rising by 22% against the previous year. Over the period under review, the import price, however, showed a slight downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 23% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

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 France ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for artificial corundum in the world?

China remains the largest artificial corundum consuming country worldwide, accounting for 25% of total volume. Moreover, artificial corundum consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by Brazil, with a 5.7% share.

What are the largest producers of artificial corundum in the world?

China remains the largest artificial corundum producing country worldwide, comprising approx. 43% of total volume. Moreover, artificial corundum production in China exceeded the figures recorded by the second-largest producer, India, fivefold. Brazil ranked third in terms of total production with a 6% share.

What are the leading suppliers of artificial corundum to Belarus?

In value terms, Russia, Germany and Ukraine constituted the largest artificial corundum suppliers to Belarus, with a combined 62% share of total imports.

What are the leading importers of artificial corundum from Belarus?

In value terms, Russia remains the key foreign market for artificial corundum exports from Belarus.

What is the average export price for artificial corundum in Belarus?

The average artificial corundum export price stood at $2,808 per ton in 2021, rising by 7.1% against the previous year.

What is the average import price for artificial corundum in Belarus?

The average artificial corundum import price stood at $1,163 per ton in 2021, growing by 12% against the previous year.

This report provides an in-depth analysis of the artificial corundum market in Belarus. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23991500 - Artificial corundum (excluding mechanical mixtures)

Country coverage:

Belarus

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belarus
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023