Denmark: Artificial Corundum Market 2024

Artificial Corundum Market Size in Denmark

The Danish artificial corundum market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Artificial Corundum Production in Denmark

In value terms, artificial corundum production amounted to $X in 2021 estimated in export price. Over the period under review, production showed measured growth. The most prominent rate of growth was recorded in 2016 with an increase of 123%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Artificial Corundum Exports

Exports from Denmark

In 2021, shipments abroad of artificial corundum increased by 1,383% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate a significant 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 surged to $X in 2021. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 535% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for artificial corundum exports from Denmark, with a 60% share of total exports. Moreover, artificial corundum exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), twofold. The United States (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +31.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (0.0% per year) and the United States (+288.6% per year).

In value terms, the United States ($X), Germany ($X) and Belgium ($X) were the largest markets for artificial corundum exported from Denmark worldwide, together comprising 94% of total exports.

The United States, with a CAGR of +273.3%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average artificial corundum export price stood at $X per ton in 2021, dropping by -58.5% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 241% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($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 Poland (+5.9%), while the prices for the other major destinations experienced a decline.

Artificial Corundum Imports

Imports into Denmark

In 2021, approx. X tons of artificial corundum were imported into Denmark; picking up by 1.9% against the year before. Overall, imports, however, saw a perceptible downturn. The growth pace was the most rapid in 2017 when imports increased by 71%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, artificial corundum imports soared to $X in 2021. In general, imports, however, saw a slight downturn. The most prominent rate of growth was recorded in 2017 with an increase of 69%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of artificial corundum to Denmark, accounting for a 53% share of total imports. Moreover, artificial corundum imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The Czech Republic (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+91.0% per year) and the Czech Republic (+265.2% per year).

In value terms, Germany ($X) constituted the largest supplier of artificial corundum to Denmark, comprising 50% of total imports. The second position in the ranking was held by Belgium ($X), with a 17% share of total imports. It was followed by the Czech Republic, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+72.1% per year) and the Czech Republic (+266.5% per year).

Import Prices by Country

In 2021, the average artificial corundum import price amounted to $X per ton, rising by 15% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the average import price increased by 52% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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