Czech Republic: Artificial Corundum Market 2024

Artificial Corundum Market Size in the Czech Republic

The Czech artificial corundum market contracted significantly to $X in 2021, which is down by -24.5% against the previous year. Overall, consumption saw a deep downturn. Artificial corundum consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Artificial Corundum Production in the Czech Republic

In value terms, artificial corundum production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 73%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Artificial Corundum Exports

Exports from the Czech Republic

Artificial corundum exports from the Czech Republic soared to X tons in 2021, with an increase of 62% on the year before. Over the period under review, exports recorded a strong increase. 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. Overall, exports, however, saw a noticeable setback. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Poland (X tons) and Italy (X tons) were the main destinations of artificial corundum exports from the Czech Republic, with a combined 44% share of total exports. These countries were followed by Bosnia and Herzegovina, Spain, Slovakia, North Macedonia, Turkey, the Netherlands, France, Bulgaria, Denmark and Switzerland, which together accounted for a further 47%.

From 2012 to 2021, the biggest increases were recorded for North Macedonia (with a CAGR of +8,632.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for artificial corundum exported from the Czech Republic were Germany ($X), Spain ($X) and Poland ($X), with a combined 35% share of total exports. France, Slovakia, Italy, Turkey, the Netherlands, Denmark, Bosnia and Herzegovina, Bulgaria, Switzerland and North Macedonia lagged somewhat behind, together accounting for a further 39%.

Among the main countries of destination, North Macedonia, with a CAGR of +10,229.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average artificial corundum export price amounted to $X per ton, rising by 6.6% against the previous year. In general, the export price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 North Macedonia (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Artificial Corundum Imports

Imports into the Czech Republic

In 2021, after two years of decline, there was significant growth in overseas purchases of artificial corundum, when their volume increased by 76% to X tons. Over the period under review, total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 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 mild shrinkage. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Ukraine (X tons), France (X tons) and China (X tons) were the main suppliers of artificial corundum imports to the Czech Republic, with a combined 60% share of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +40.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest artificial corundum suppliers to the Czech Republic were Ukraine ($X), China ($X) and Hungary ($X), together accounting for 51% of total imports. These countries were followed by France, Germany, Russia, Poland, Italy and Austria, which together accounted for a further 45%.

In terms of the main suppliers, France, with a CAGR of +30.4%, 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, growing by 8.4% against the previous year. In general, the import price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 18%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for France ($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 (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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