Brazil: Artificial Corundum Market 2024

Artificial Corundum Market Size in Brazil

In 2021, the Brazilian artificial corundum market increased by 31% to $X, rising for the third consecutive year after four years of decline. Overall, consumption, however, saw a mild descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Artificial Corundum Production in Brazil

In value terms, artificial corundum production skyrocketed to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 48% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Artificial Corundum Exports

Exports from Brazil

After two years of decline, overseas shipments of artificial corundum increased by 7% to X tons in 2021. Overall, exports recorded a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 583%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, artificial corundum exports expanded slightly to $X in 2021. Over the period under review, exports posted a moderate increase. The most prominent rate of growth was recorded in 2014 with an increase of 365% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for artificial corundum exports from Brazil, accounting for a 27% share of total exports. Moreover, artificial corundum exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), threefold. Argentina (X tons) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+116.6% per year) and Argentina (+7.5% per year).

In value terms, the United States ($X) remains the key foreign market for artificial corundum exports from Brazil, comprising 25% of total exports. The second position in the ranking was taken by Germany ($X), with a 10% share of total exports. It was followed by Turkey, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+115.3% per year) and Turkey (+32.9% per year).

Export Prices by Country

The average artificial corundum export price stood at $X per ton in 2021, waning by -2.2% against the previous year. In general, the export price continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2020 when the average export price increased by 69%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Saint Lucia ($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 Finland (-0.5%), while the prices for the other major destinations experienced a decline.

Artificial Corundum Imports

Imports into Brazil

In 2021, purchases abroad of artificial corundum was finally on the rise to reach X tons after three years of decline. In general, imports, however, recorded a abrupt decline. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, artificial corundum imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a slight reduction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest artificial corundum supplier to Brazil, accounting for a 54% share of total imports. Moreover, artificial corundum imports from China exceeded the figures recorded by the second-largest supplier, Bahrain (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Bahrain (-7.4% per year) and the United States (+19.6% per year).

In value terms, China ($X) constituted the largest supplier of artificial corundum to Brazil, comprising 48% of total imports. The second position in the ranking was taken by the United States ($X), with a 15% share of total imports. It was followed by Japan, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+19.2% per year) and Japan (+10.6% per year).

Import Prices by Country

The average artificial corundum import price stood at $X per ton in 2021, growing by 23% against the previous year. Over the last nine years, it increased at an average annual rate of +5.5%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 29%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to continue growth in the immediate term.

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 Austria ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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