CIS: Artificial Corundum Market 2024

Artificial Corundum Market Size in CIS

In 2021, the CIS artificial corundum market decreased by -8.5% to $X, falling for the second year in a row after three years of growth. In general, consumption saw a mild slump. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Artificial Corundum Production in CIS

In value terms, artificial corundum production stood at $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 12%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Artificial Corundum Exports

Exports in CIS

In 2021, overseas shipments of artificial corundum increased by 32% to X tons, rising for the second consecutive year after two years of decline. Overall, exports saw prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, artificial corundum exports soared to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +35.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 37% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Exports by Country

Russia represented the largest exporting country with an export of around X tons, which accounted for 78% of total exports. It was distantly followed by Kazakhstan (X tons), comprising a 22% share of total exports.

Russia was also the fastest-growing in terms of the artificial corundum exports, with a CAGR of +11.1% from 2012 to 2021. At the same time, Kazakhstan (+9.9%) displayed positive paces of growth. From 2012 to 2021, the share of Russia increased by +1.8 percentage points.

In value terms, Russia ($X) remains the largest artificial corundum supplier in the CIS, comprising 79% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 21% share of total exports.

In Russia, artificial corundum exports expanded at an average annual rate of +6.3% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, with a decrease of -4.1% against the previous year. Overall, the export price saw a pronounced setback. The pace of growth was the most pronounced in 2017 an increase of 5.8% against the previous year. 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 Russia ($X per ton), while Kazakhstan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-2.6%).

Artificial Corundum Imports

Imports in CIS

In 2021, after two years of growth, there was significant decline in overseas purchases of artificial corundum, when their volume decreased by -14.5% to X tons. Total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when imports increased by 42% against the previous year. The volume of import peaked at X tons in 2020, and then dropped in the following year.

In value terms, artificial corundum imports rose sharply to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -6.9% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 59% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Russia dominates imports structure, recording X tons, which was approx. 93% of total imports in 2021. The following importers - Belarus (X tons) and Kazakhstan (X tons) - together made up 5.9% of total imports.

Imports into Russia increased at an average annual rate of +2.7% from 2012 to 2021. At the same time, Kazakhstan (+25.8%) and Belarus (+12.7%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +25.8% from 2012-2021. While the share of Belarus (+2 p.p.) and Kazakhstan (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Russia (-4.5 p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported artificial corundum in the CIS, comprising 94% of total imports. The second position in the ranking was taken by Belarus ($X), with a 3.8% share of total imports.

In Russia, artificial corundum imports expanded at an average annual rate of +5.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (+10.8% per year) and Kazakhstan (+20.5% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, picking up by 30% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belarus ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+2.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :