Benelux: Artificial Corundum Market 2024

Artificial Corundum Market Size in Benelux

The Benelux artificial corundum market surged to $X in 2021, rising by 64% against the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Artificial Corundum Production in Benelux

In value terms, artificial corundum production surged to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by 58%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Artificial Corundum Exports

Exports in Benelux

In 2021, shipments abroad of artificial corundum increased by 31% to X tons, rising for the second year in a row after three years of decline. In general, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 211%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, artificial corundum exports soared to $X in 2021. Over the period under review, exports showed a tangible increase. The most prominent rate of growth was recorded in 2020 when exports increased by 206%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

In 2021, the Netherlands (X tons) represented the main exporter of artificial corundum, achieving 78% of total exports. It was distantly followed by Belgium (X tons), committing a 22% share of total exports.

The Netherlands was also the fastest-growing in terms of the artificial corundum exports, with a CAGR of +17.3% from 2012 to 2021. Belgium (-6.1%) illustrated a downward trend over the same period. While the share of the Netherlands (+48 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Belgium (-40.9 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) emerged as the largest artificial corundum supplier in Benelux, comprising 76% of total exports. The second position in the ranking was held by Belgium ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the Netherlands totaled +12.9%.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, flattening at the previous year. Over the period under review, the export price, however, recorded a mild decrease. The pace of growth appeared the most rapid in 2018 an increase of 27%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+0.9%).

Artificial Corundum Imports

Imports in Benelux

For the third year in a row, Benelux recorded growth in supplies from abroad of artificial corundum, which increased by 54% to X tons in 2021. In general, imports recorded a resilient increase. The growth pace was the most rapid in 2020 with an increase of 152%. The volume of import peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, artificial corundum imports skyrocketed to $X in 2021. Overall, imports posted a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of 126% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

The Netherlands represented the key importer of artificial corundum in Benelux, with the volume of imports reaching X tons, which was near 79% of total imports in 2021. It was distantly followed by Belgium (X tons), constituting a 21% share of total imports.

The Netherlands was also the fastest-growing in terms of the artificial corundum imports, with a CAGR of +14.5% from 2012 to 2021. Belgium (-2.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands increased by +32 percentage points.

In value terms, the Netherlands ($X) constitutes the largest market for imported artificial corundum in Benelux, comprising 80% of total imports. The second position in the ranking was held by Belgium ($X), with a 20% share of total imports.

In the Netherlands, artificial corundum imports increased at an average annual rate of +12.0% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, dropping by -2.2% against the previous year. Overall, the import price showed a mild contraction. The pace of growth was the most pronounced in 2018 when the import price increased by 27%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-0.3%).

Source: IndexBox Platform